GBHPF - Global Hemp Group Acquires Strategic Property for its Colorado Hemp Agro-Industrial Zone
(TheNewswire)
Vancouver, BC - TheNewswire - May 10, 2021 - GLOBAL HEMP GROUP INC. (“GHG” or the“Company”) ( C NSX :GH G.CN ) ( OTC:GBHPF ) ( FRANKFURT:GHG ) is pleased to announce that it has purchaseda strategic commercial/industrial property for the commencement ofit’s Colorado Hemp Agro-Industrial Zone (“HAIZ”), a genesis of its Sustainable, Regenerative, Renewable CityVision in Northwest Colorado. This 44 acremulti-use property will be the site of the HAIZ manufacturing facilitywhich will initially be focused on hemp-based building materialsutilized at the Company’s initial Planned UnitDevelopment of “green” and “affordable” homes in thearea – part of its “Master Plan” toattract and showcase Industrial Hemp and related green/carbonneutral-negative building technologies to the World.
With the signing of the contract to purchase thisproperty, the Company intends to close this transaction on or beforeJune 15, 2021. Acquisition of this property will pave the way for theCompany to complete its hemp cultivation license for the currentgrowing season. The Company is planning to utilize approximately 30acres of the property for its initial hemp cultivation test anddemonstration site this year. GHG has sourced the necessary hemp seedand anticipates a growing trial of up to five different strains on theacreage to identify the best performing hemp strain for the specificclimate and soil chemistry in the region to maximize product qualityand certification for building materials requirements.
The Colorado HAIZ is an exciting opportunity toimplement the Company’s vision of building an entire “green” and“sustainable” and restorative community in Northwest Coloradoutilizing and showcasing hemp-based building materials and as manygreen economy technologies as possible, to attract and support greencommunity stakeholders, Government and industry support andpartnerships.
Global Hemp Group has recentlychanged its phone number.
To contact Investor Relations, pleasecall 778-726-2900.
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About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG), isfocused on a executing a multi-phased strategy of becoming a leader inthe development and promotion of the industrial hemp technologyindustry in the United States and beyond. The Company is currentlyheadquartered in Vancouver, British Columbia. The current phase of thestrategy focuses on the development of “sustainable” and“green” value-added industrial hemp products utilizing theprocessing of the entirety of the hemp plant for multi-merchantableapplications, as envisioned to be showcased in the Colorado Hemp Agro-IndustrialZone (HAIZ) project. This HAIZ will be the epicentre of afuturistic “Sustainable/Renewable and Regenerative City model theCompany intends to “brand” and duplicate sharing this model withthe World. To support and innovate the HAIZ further, Global Hemp Grouphas established a Research and Development Division to actively pursuethe development of Intellectual Property that can be patented forimplementation locally and for partnerships Globally. The Division isled by Prof. Víctor M. Castaño,Ph.D . from the National Autonomous University of Mexico, ahighly recognized leader in areas of applied science and technology.The R&D team brings an amazing wealth of knowledge and experiencein multiple disciplines and will initially focus on development ofEnvironmentally-Friendly Construction Materials, Nanofertilizers andEnhanced Extraction from Hemp.
For Further Information ContactGlobal Hemp Group
Curt Huber, President
Tel: 778-726-2900
Cautionary NoteRegarding Forward Looking Statements
Certain information set forth inthis news release may contain forward-looking statements that involve substantial known andunknown risks and uncertainties. These forward-looking statements aresubject to numerous risks and uncertainties, certain of which are beyond the control of GlobalHemp Group Inc., including, but not limited to the impact of general economic conditions, industryconditions, volatility of commodity prices, currency fluctuations,dependence upon regulatory approvals, the availability of futurefinancing and exploration risk, the legality of cannabis and hemp.Readers are cautioned that the assumptions used in the preparation of such information, althoughconsidered reasonable at the time of preparation, may prove to beimprecise and, as such, unduereliance should not be placed on forward-looking statements. Except as required by law, GlobalHemp Group Inc. disclaims any intention and assumes no obligation toupdate or revise any forward looking statements to reflect actualresults, whether as a result of new information, future events,changes in assumptions, changes in factors affecting such forwardlooking statements or otherwise.
The CSE has not reviewed and doesnot accept responsibility for the adequacy or accuracy of thisrelease.
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