GBHPF - Global Hemp Group Begins Trading on OTCQB Venture Market
(TheNewswire)
Vancouver, BC – TheNewswire - March 9,2021 -- GLOBAL HEMP GROUP INC.(“GHG” or the “Company”) (CSE:GHG ) / (CNSX:GHG.CN) / ( OTC:GBHPF ) / ( FRANKFURT:GHG) ispleased to announce that the Company has qualified and has beenupgraded to trade on the OTCQB Venture Market under the symbol GBHPF.The Company’s shares will continue to trade under the symbol GHG onboth the Canadian Securities Exchange (CSE) and Frankfurt StockExchange.
The OTCQB Venture Marketis for early stage and developing U.S. and international companies. Tobe eligible, companies must be current in their financial reporting,pass a minimum bid price test, and undergo an annual companyverification and management certification process. Investors can findreal-time quotes and market information for the company at http://www.otcmarkets.com/stock/GBHPF/quote .
The OTCQB listing willprovide increased visibility of Global Hemp Group for U.S. investorsand more efficient access to the Company’s information, inparticular relating to its financial information and press releases,along with project information on the Colorado Hemp Agro-IndustrialZone (“HAIZ”). These steps demonstrate GHG’s commitment toincreasing its investor base while providing current and future U.S.shareholders convenient access to the same ease of trading, timelynews and information enjoyed by investors in Canada.
The Colorado HAIZ is being developed under the bannerof Innovative Hemp Technologies (IHT). The core objective of IHT is to develop “green” and“affordable” homes in a Planned UnitDevelopment utilizing hemp-based constructionmaterials to meet historical pent-up demand inthe area. This will complement the project’s onsite development oflargescale irrigation and cultivation of industrial hemp and themanufacture of hemp-based construction products and textiles. Theproject will significantly expand the existing water rights andinfrastructure assets through the completion ofa series of targeted acquisitions strategic for accumulation oflong-term real estate assets, while generatingmultiple revenue streams for the Company. Theproject will maximize the beneficial use of the water assets throughall aspects of the HAIZ.
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Global Hemp Group Inc.(CSE: GHG / OTC: GBHPF / FRANKFURT: GHG), is focused on a multi-phasedstrategy to build a strong presence in the industrial hemp industrythe United States. The Company is headquartered in Vancouver, BritishColumbia, with hemp cultivation operations in the state of Oregon. Thecurrent phase of the strategy focuses on the development of“sustainable” and “green” value-added industrial hemp productsutilizing the processing of the entirety of the hemp plant, asenvisioned in the Colorado HempAgro-Industrial Zone (HAIZ) project.In addition, Global Hemp Group has established a Research andDevelopment Division to actively pursue the development ofIntellectual Property that can be patented and implemented in the hempand/or building industry, and in particular at Company’s ColoradoHAIZ. The Division will be headed by Prof. Víctor M.Castaño, Ph.D . from the NationalAutonomous University of Mexico, a recognized leader in areas ofapplied science and technology. The R&D team brings an amazingwealth of knowledge and experience in multiple disciplines and willinitially focus on development of Environmentally-FriendlyConstruction Materials, Nanofertilizers and Enhanced Extraction fromHemp.
For FurtherInformation Contact Global Hemp Group
Tel:424-354-2998
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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