GBHPF - Global Hemp Group Joins the U.S. Hemp Building Association
(TheNewswire)
Vancouver, BC – TheNewswire - February 12, 2021 - GLOBAL HEMP GROUP INC. (“GHG” or the“Company”) (CSE:GHG ) / ( OTC:GBHPF ) / (CNSX:GHG.CN) / ( FRANKFURT:GHG) is pleased to announce that ithas become a member of the U.S. Hemp Building Association(“USHBA”). As the Company proceeds with the development of itsColorado Hemp Agro-Industrial Zone (“HAIZ”) the ability to accessa resource such as the USHBA and other industry professionals will beof great benefit. The Colorado HAIZ will be developed under the bannerof Innovative Hemp Technologies (“IHT”). IHT’s core objective;to develop “green” and “affordable” homes in a Planned UnitDevelopment (“PUD”) utilizing hemp-based construction materials tomeet historical pent-up demand in the area, which will includedevelopment of large scale irrigation and cultivation of industrialhemp, and the manufacture of hemp-based construction products andtextiles. This will significantly expand real estate and existingwater rights and infrastructure assets, while generating multiplerevenue streams for the Company.
The U.S. Hemp BuildingAssociation
The mission of the U.S. Hemp BuildingAssociation is to support andadvocate for hemp building professionals, hemp building projects andhemp building materials in the United States. Through initiatives thatfocus on forwarding the acceptance of hemp into building codes,creating educational material, and gathering information about currentproducts, buildings utilizing hemp, and supply chain options, theyendeavour to provide the industry the tools it needs to flourish.“Together we can change the world”.
With the world filled with concerns over health andenvironmental issues, hemp building products provide a solution toboth. The use of chemicals in our buildings have increased as we tryto improve their fire resistance and thermal performance. This hasincreased the prevalence of Sick Building Syndrome caused by theexposure to these toxins. Hemp materials can replace the use of thesechemical laden products and improve the health of people living inthem.
The construction industry has one of the largest carbonfootprints of any industry. As the world continues to focus on ways tolower their negative impact on the environment, the constructionindustry will require an overhaul. Hemp building materials trap carbonabsorbed by the plant during the growing process into the buildingsequestering them for the life of the structure. Houses built usinglocally sourced hemp that are constructed with hempcrete can be carbonnegative. The positive impact of using hemp in building materials isclear, and it is our objective to make it commonly understood.
Jacob Waddell, President of the USHBA stated, “Thefuture will demand improvements in our construction practices tocreate a sustainable industry. Hemp is our opportunity to improve thehealth of our families and our world by building smarter. Please jointhe USHBA in making healthy hemp homes a reality.”
To find out more about membership in the USHBA, clickon this link USHBA MembershipPlans .
The Company would alsolike to announce that it has entered into a 6 month marketing andconsulting contract with North Equities Corp., ("NorthEquities") of Toronto. North Equities specializes in varioussocial media platforms, to facilitate greater investor engagement andwidespread dissemination of the company's news as well as generatingaccessible content showcasing Global Hemp Group and its initiatives.Through its marketing capabilities on various social media platforms,its intended purpose is to widen the communication outreach whileproviding up-to-date information about GHG to a much larger audience.As compensation, the Corporation has issued North Equities 1,000,000Common Shares at a deemed price of $0.07 CDN per Common Share. AllCommon Shares issued to North Equities have been placed under a 6month hold period.
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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.
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