GLOBAL HEMP GROUP ANNOUNCES RESEARCH PARTNER FOR ITS NEW BRUNSWICK INDUSTRIAL HEMP TRIALS

Vancouver, British Columbia – August 9, 2017 – GLOBAL HEMP GROUP INC. (“Global Hemp Group” or the “Company”) (CSE:GHG / FF:GHG / OTC:GBHPF) an industrial hemp and cannabis corporation, is pleased to announce that it has partnered with the Collège Communautaire du Nouveau Brunswick (CCNB) in Bathurst, New Brunswick. CCNB will assist the Company in research on GHG’s ongoing industrial hemp trials in the region.

With the support of Mr. Jesse Chiasson, Business growth officer at the Department of Agriculture, Aquaculture and Fisheries (DAAF) in Bathurst, a number of farmers were enlisted in the project on a protocol to test three varieties of industrial hemp. CCNB will perform laboratory tests in support of these trials. A contract covering these services was signed on July 28. GHG envisions further collaboration with CCNB-INNOV, the R&D network of CCNB located at its Bathurst campus, as well as with CCNB’s academic and contract training divisions to develop the new skills required by hemp farming and processing. Such collaboration will be the subject of formal contracts and MOUs.  “CCNB-INNOV is excited and enthusiastic in collaborating on this kind of project”, says Dr. Sylvain Poirier, the Entrepreneurship & Innovation Executive Director at CCNB and head of the CCNB-INNOV network.

These tests will provide information to validate agronomic and key yield data in preparation of a large scale industrial development project that will involve processing of the full plant: grain, straw, flowers and leaves, scheduled to begin next year. The results of these tests will also be used in discussions with farmers of the region in late August to refine a hemp-based farming model, and to mobilize additional farmers for the next growing season. The project has also been submitted to Opportunities New Brunswick for financial support.

GHG’s Hemp Agro-Industrial Zone concept, or HAIZ, is a system that engages farmers, processors using a variety of proprietary technologies, and manufacturers to collaboratively produce and process 100% of the hemp plant into a number of wholesale materials that can be manufactured into tens of thousands of healthy and sustainable products. The HAIZ will be surrounded by hemp production thereby minimizing the costs of expensive transportation to distant processing facilities. It will broaden market opportunities for farmers, create manufacturing jobs in the surrounding region, fabricate market changing biodegradable products, while supporting GHG’s commitment to creating a carbon free economy

“We are pleased to have Mr. Chiasson and CCNB onboard as our research partners as we progress in our initial trials in New Brunswick. We look forward to continued collaboration with CCNB on this project and future projects,” Said CEO, Charles Larsen.

About CC-NB – Bathurst
The Collège communautaire du Nouveau-Brunswick (CCNB) is a first-rate francophone post-secondary learning institution. It brings together five campuses located in Bathurst, Campbellton, Dieppe, Edmundston and the Acadian Peninsula. Each campus provides high quality educational services and training, and values the importance of a skilled, well-trained workforce that responds to changing job demands. Over the last decade the Collège communautaire du Nouveau-Brunswick (CCNB) has made determined efforts to support and stimulate innovation and technological integration in New Brunswick’s industrial and manufacturing sectors. Through its activities CCNB-INNOV contributes effectively to the economic development of the province.

About Global Hemp Group Inc.
Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Montreal and Southern California. The Company is focused on the production and processing of hemp and cannabis, and collaboration with companies that will enable GHG to develop and implement the Hemp Agro-Industrial Zone concept. Through partnerships, joint ventures and acquisitions, the Company will capture cash flow, revenues and value, and establish a greater collective valuation.

Forward Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


GLOBAL HEMP GROUP ANNOUNCES RENEWAL OF ITS INDUSTRIAL HEMP LICENSE AND CULTIVATION TRIALS IN NEW BRUNSWICK

Vancouver, British Columbia – July 25, 2017 – GLOBAL HEMP GROUP INC. (“Global Hemp”, “GHG”, or the “Company”) (CSE:GHG / FF:GHG / OTC:GBHPF) an industrial hemp and cannabis corporation is pleased to announce that Health Canada has renewed its Industrial Hemp License for the current year, which for 2017 will include the ability to cultivate hemp.

Since renewing its license, the Company has launched the first phase of a multi-phase industrial hemp project on the Acadian peninsula of New Brunswick, which is envisioned to culminate in the development of GHG’s first Hemp Agro-Industrial Zone, or HAIZ.

This first phase of the project is a hemp cultivation and research trial. Dr. Paul Perrault, a Development Economist and Director of GHG visited the region in mid-May where he met with officials from the Department of Agriculture, Aquaculture and Fisheries (DAAF), Opportunities New Brunswick, and several farmers in the area . With the support of Mr. Jesse Chiasson, Development Officer at the DAAF, a number of farmers were enlisted in the project on a protocol to test three varieties of industrial hemp. A field agronomist was recruited to oversee the trials, with results expected later this year. GHG is in ongoing discussions with a local research partner to collaborate on these trials.

GHG’s HAIZ concept engages farmers, processors providing a variety of proprietary disruptive technologies, and manufacturers to collaboratively produce and process 100% of the hemp plant into a number of wholesale materials that can be manufactured into tens of thousands of healthy and sustainable products. The HAIZ will be surrounded by hemp production thereby minimizing the cost of expensive transportation to distant processing facilities. The HAIZ will produce social and environmental benefits to the community, and value for investors in the Company. These zones will create jobs for farmers, foster rural development, provide the opportunity to develop more sustainable products of superior quality and help support GHG’s commitment to creating a carbon free economy.

“We are very pleased to have begun hemp trials in New Brunswick with the support of DAAF and we expect to secure a local research partner for the project very soon. We see great potential for this Maritime Province to take advantage of this socially, environmentally and economically beneficial crop,” said CEO, Charles Larsen.

The Company is also pleased to announce the launch of its new corporate website; GlobalHempGroup.com. Information and pictures on the New Brunswick hemp trials can be found on the website in the Projects section.

Mr. Larsen said, “We are happy to have launched our new corporate website that reflects the new direction of Global Hemp Group. Hill & Drakoln built a beautiful site for GHG.”

GHG management continues to evaluate additional hemp and cannabis projects in both Canada and the United States.

About Global Hemp Group Inc.
Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Montreal and Southern California. The Company is focused on the production and processing of hemp and cannabis, and collaboration with companies that will enable GHG to develop and implement the Hemp Agro-Industrial Zone concept. Through partnerships, joint ventures and acquisitions, the Company will capture cash flow, revenues and value, and establish a greater collective valuation.

Forward Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

 The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


GLOBAL HEMP GROUP ANNOUNCES COMPLETION OF SECOND TRANCHE OF PRIVATE PLACEMENT

Vancouver, BC — (March 2, 2017) — GLOBAL HEMP GROUP INC. (“GHG” or the “Company”) (CSE: GHG / FRANKFURT: GHG / OTC: GBHPF) announces the closing of the second tranche of the non-brokered private placement, consisting of 2,519,350 units (“Units”) at a price of $0.03 per Unit to raise aggregate gross proceeds of $75,580.50, and together with the closing of the first tranche, an aggregate of 4,119,350 Units have been issued for aggregate total proceeds of $123,580.50. (See press releases dated December 20, 2016).

Each Unit consists of one common share (“Common Share“) of the Company and one Common Share purchase warrant (“Warrant“). Each Warrant entitles the holder thereof to purchase one Common Share at $0.05 per share for a period of five years from closing.

Proceeds of the Offering will be used for payment of outstanding debt and working capital for project investigation. All securities issued in connection with the Second Tranche are subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.

 

On behalf of the Board of Directors

“Charles Larsen”
Charles Larsen
President & CEO

 

www.globalhempgroup.com


GLOBAL HEMP GROUP ANNOUNCES FRANK GIESE TO JOIN ADVISORY BOARD AND TO ASSIST IN THE DEVELOPMENT OF THE COMPANY’S GENETICS DIVISION

Vancouver, BC — (February 26, 2016) — GLOBAL HEMP GROUP INC. (“GHG” or the “Company”) (CSE: GHG / FRANKFURT: GHG / OTCQB: GBHPF) is pleased to announce that Mr. Frank Giese has joined the Company’s Advisory Board to assist in the development of the newly formed Genetics Division.

Mr. Giese is an expert cannabis cultivator and breeder, Medical Marijuana (MMJ) contractor and MMJ systems analyst. For nearly 10 years, when medical cannabis legislation was passed permitting possession and cultivation in his home state of Washington, Mr. Giese combined his over 25 years of practical field experience working for government agencies as a research biologist extensively focusing on DNA, genetic identification and breeding of endangered species, with education and business expertise to begin breeding medical cannabis strains.

This widely varied combination of backgrounds along with many years of research and hard work has allowed him to become a true master cannabis cultivator and breeder. Mr. Giese has bridged the fundamentals of scientific research and cannabis breeding, as well as the use and development of modern cultivation and processing techniques in his breeding work. He has become proficient in breeding CBD rich strains, as well as being very experienced in auto flower breeding.

Mr. Giese’s current cannabis breeding efforts are focused on commercially viable, rapidly maturing varieties and his continued efforts in the development of new industrial hemp cultivars. His vision for the future is to introduce modern growing techniques to industrial hemp, as has been done with cannabis.

Mr. Giese has been involved in the installation and/or modification of more than 100 medical cultivation facilities as an MMJ contractor; from small to large scale outdoor grow operations, state-of-the-art Sealed Environment Grow (SEG) facilities (indoor), as well as associated processing and retail facilities. He has also been contracted as a consultant or MMJ systems analyst to access cultivation operations and recommend modifications to increase productivity, reduce costs and/or other specified objectives.

Mr. Giese will advise management on matters relating to hemp and cannabis genetics and other industry opportunities within the states of Washington and Oregon.

“We are extremely pleased to have someone of Mr. Giese’s level of knowledge and expertise on our team to help develop this new genetics division,” stated Charles Larsen, President of Global Hemp Group. “This gives us the opportunity to advance hemp genetics used in our projects and for the industry as a whole.”

 

About Global Hemp Group Inc.

Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Southern California, USA and having a strategic partnership in South Africa. The Company is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries in an effort to build a “soil-to-shelf” portfolio of complementary companies that will enable GHG to capture cash flow, revenues and value from its acquisitions and establish a far greater collective valuation than GHG or the individual companies would have on their own.

 

On behalf of the Board of Directors

“Charles Larsen”
Charles Larsen
President & CEO

 

www.globalhempgroup.com


To view Global Hemp Group, Inc. on the Canadian Securities Exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the Boerse-Frankfurt Exchange/XETRA exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the OTC Markets in the United States under symbol GBHPF click HERE.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Holdings Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this


GLOBAL HEMP GROUP GRANTED INDUSTRIAL HEMP LICENSE BY HEALTH CANADA

North Vancouver, BC — (January 25, 2016) — GLOBAL HEMP GROUP INC. (“GHG” or the Company”) (CSE: GHG / FRANKFURT: GHG / OTCQB: GBHPF) is pleased to announce that its application for an Industrial Hemp License in Canada for 2016 has been approved by Health Canada, Office of Controlled Substances, Industrial Hemp Section

The license authorizes GHG to possess industrial hemp in the form of seed and grain, to export the seed and grain out of the country, as well as sell and/or provide viable grain domestically. As a result of this license, the Company will no longer be required to use licensed intermediaries, as has been done to facilitate previous orders. This license will greatly enhance the Company’s commercial opportunities, as the number of inquiries from processors and manufacturers in countries around the world continues to build momentum as more consumers learn about the nutritional benefits of hemp super foods.

Further to its news release of November 17, 2015, the Company is also very pleased to announce that it is in the process of shipping a second, larger scale order of hemp seed to Colorado Hemp Works LLC (CHWS) in Longmont, Colorado. The current order of 3 tons of whole hemp seed will be used for further, large scale testing of their oil pressing technology. Upon successful testing, GHG and CHWS will enter into a longer term supply contract to supply CHWS from Canada until commercial quantities of seed are available in Colorado.

 

About Global Hemp Group Inc.

Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Southern California, USA and having a strategic partnership in South Africa. The Company is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries in an effort to build a “soil-to-shelf” portfolio of complementary companies that will enable GHG to capture cash flow, revenues and value from its acquisitions and establish a far greater collective valuation than GHG or the individual companies would have on their own.

 

On behalf of the Board of Directors

“Charles Larsen”
Charles Larsen
President & CEO

 

www.globalhempgroup.com


To view Global Hemp Group, Inc. on the Canadian Securities Exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the Boerse-Frankfurt Exchange/XETRA exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the OTC Markets in the United States under symbol GBHPF click HERE.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Holdings Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this


GLOBAL HEMP CLOSES 1ST TRANCHE OF CD

Vancouver, BC — (December 17, 2015) — GLOBAL HEMP GROUP INC. (“GHG” or the Company”) (CSE: GHG / FRANKFURT: GHG / OTCQB: GBHPF) announces the closing of a first tranche of of its non-brokered private placement of unsecured convertible debenture units (the “Offering”).

The debenture will have an annual interest rate of 15% per annum. No interest will be paid during the three-year term but will accrue until maturity or conversion. Each of the debenture will come with 20,000 warrants exercisable at a price of for a period of three years. The debenture is convertible into shares of the Company at at any time during the three year period of the note. The proceeds of the CD will be used for working capital and general corporate purposes. The first tranche consists of cash and in exchange for forgiveness of indebtedness for monies previously paid on behalf of the Company. No finder’s fee was paid on this transaction. All securities issued in connection with the Offering will be subject to a statutory four month hold period.

 

About Global Hemp Group Inc.

Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Southern California, USA and having a strategic partnership in South Africa. The Company is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries in an effort to build a “soil-to-shelf” portfolio of complementary companies that will enable GHG to capture cash flow, revenues and value from its acquisitions and establish a far greater collective valuation than GHG or the individual companies would have on their own.

 

On behalf of the Board of Directors

“Charles Larsen”
Charles Larsen
President & CEO

 

www.globalhempgroup.com


To view Global Hemp Group, Inc. on the Canadian Securities Exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the Boerse-Frankfurt Exchange/XETRA exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the OTC Markets in the United States under symbol GBHPF click HERE.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Holdings Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this


GLOBAL HEMP GROUP SELLS INITIAL HEMP SEED ORDER TO COLORADO HEMP WORKS

Vancouver, BC — (November 17, 2015) — GLOBAL HEMP GROUP INC. (“GHG” or the Company”) (CSE: GHG / FRANKFURT: GHG / OTCQB: GBHPF) is pleased to announce that is has completed an initial sale of whole raw hemp seed to Colorado Hemp Works LLC (CHWS) for use in an oil pressing processing test. Upon successful test, GHG and CHWS will enter into a longer term supply contract to supply CHWS from Canada, until commercial quantities of seed is available in Colorado. This order is in the process of being shipped to CHWS.

Colorado Hemp Works is the first, and only US-based commercial hemp seed processor, stated Matt Birkholz, President of CHWS. We wholesale a wide range of food-grade products all derived from this one versatile seed. Unlike our international counterparts, Colorado Hemp Works is able to offer natural food companies local and on-demand processing. Instead of products sitting in large warehouses for months before being shipped to customers, we offer the freshest products available through processing seed just days before our customers are ready to use these ingredients in their own products.

We are excited to establish this relationship with Colorado Hemp Works and be a part of their testing program, stated Charlie Larsen, President of Global Hemp. With the ongoing changes to legislation in the United States, commercialization of hemp production and processing will continue to open up new markets for hemp, and food processing will emerge as a significant segment of that market, just as in Canada

 

About Global Hemp Group Inc.

Global Hemp Group (GHG) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Southern California, USA and having a strategic partnership in South Africa. The Company is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries in an effort to build a "soil-to- shelf portfolio of complementary companies that will enable GHG to capture cash flow, revenues and value from its acquisitions and establish a far greater collective valuation than GHG or the individual companies would have on their own.

 

On behalf of the Board of Directors,

 

“Charles Larsen”

Charles Larsen

President & CEO

 

www.globalhempgroup.com

 

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


GLOBAL HEMP GROUP SIGNS LOI TO DEVELOP HEMP CULTIVATION OPERATIONS AND A VALUE-ADDED HEMP PROCESSING ZONE

Surrey, BC — (July 29, 2015) — GLOBAL HEMP GROUP INC. (“GHG” or the Company”) (CSE: GHG / FRANKFURT: GHG / OTCQB: GBHPF) is pleased to announce that it has signed a Letter of Intent with Western Sierra Mining Corp. (“WSM”) (OTC: WSRA) of Edmond, Oklahoma to partner on the acquisition of agricultural lands for the purpose of hemp cultivation and the development of a Value-Added Hemp Processing Zone, strategically located adjacent to hemp farming areas.

To launch this project, GHG and WSM (the “Partners”) are currently evaluating a number of locations in the Western United States where hemp can be legally grown. This Hemp Processing Zone will be the first of its kind in exploiting the full potential of the crop, in just one location.

The vision for the Processing Zone is to transform the hemp seed into oil and protein powder for the food industry, utilize the leaves and flowers to extract Cannabidiol (CBD), a new and rapidly emerging industry, and to process the straw into fibre, hurd (woody core) and dust. The fibre will be further processed for the textile industry to supplement cotton and synthetic fibres. The hurd will be processed into chips to be utilized in sustainable building materials for the construction industry, and the dust recovered will be pelletized for a variety of target markets. Initial building materials produced will be utilized in the construction of the processing facilities and affordable work force housing for the Company’s employees. The design and construction of the hemp processing zone will incorporate sustainable materials and technologies with the goal of achieving a near net-zero carbon footprint. These facilities will produce sustainable hemp products that will replace carbon based products and sequester CO2 permanently.

The Partners will identify the first location within the next 90 days to ensure that all the permits and licenses are in place to begin initial hemp cultivation for the 2016 growing season. The Hemp Processing Zone will stimulate rural development and job creation in regions that need it most. This zone could potentially create 50 to 100 jobs upon initial launch, with the potential to ultimately create as many as 500 to 1,000 jobs as hemp production expands and the processing facilities are scaled up to accommodate increased production.

The funding required will be approximately million, allocated over a 12 to 18 month time horizon. Subsequent expansion could potentially be self funded from production and processing revenues. A subsidiary will be created for this venture, which will be jointly owned (50/50) by the Partners. WSM will contribute million in marketable assets to the venture which will be leveraged to raise the necessary investment capital required to launch the project. GHG will contribute the necessary expertise and technology required to cultivate and process the hemp into a wide variety of value-added products

The Company has also signed extensions to the Letters of Intent on the Skunk Magazine and House of Hemp (“HoH”) acquisitions to October 22, 2015. The due diligence on the House of Hemp acquisition has been prolonged as a result of a HoH reorganization. The due diligence on the acquisition of both companies has been postponed while the Company worked through the due diligence to close the JV with WSM.

 

About Global Hemp Group Inc.

Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Southern California, USA and having a strategic partnership in South Africa. The Company is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries in an effort to build a “soil-to-shelf” portfolio of complementary companies that will enable GHG to capture cash flow, revenues and value from its acquisitions and establish a far greater collective valuation than GHG or the individual companies would have on their own.

 

On behalf of the Board of Directors

“Charles Larsen”
Charles Larsen
President & CEO

 

www.globalhempgroup.com


To view Global Hemp Group, Inc. on the Canadian Securities Exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the Boerse-Frankfurt Exchange/XETRA exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the OTC Markets in the United States under symbol GBHPF click HERE.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Holdings Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this


GLOBAL HEMP GROUP SIGNS EXCLUSIVE SUPPLY AGREEMENT WITH HOUSE OF HEMP IN SOUTH AFRICA

Surrey, BC — (June 22, 2015) — GLOBAL HEMP GROUP INC. (“GHG” or the Company”) (CSE: GHG / FRANKFURT: GHG / OTCQB: GBHPF) is pleased to announce that it has signed an Exclusive Supply Agreement with House of Hemp (HoH), its Strategic Partner in South Africa (SA). This is the next step in the Company’s evolving relationship with HoH and a significant step forward in the development of the Company’s business efforts in South Africa.

House of Hemp is a private company based in Johannesburg, South Africa, and is the first and only South African company to be awarded an exclusive permit from the Department of Agriculture and the Department of Health to legally cultivate and process hemp in the country, as part of a seven year pre-commercial trial (2009-2015).

As part of the Agreement, HoH has agreed to exclusively source from GHG all of its requirements for raw and processed hemp materials. HoH has recently begun wholesaling a number of food related hemp products in South Africa, which will initially require delivery of whole and dehulled hemp seed, along with hemp oil. An initial sample order from GHG of 0.8 metric tons of hulled seed is being shipped this month. Upon confirmation of quality acceptance, additional multi ton orders are expected every two months thereafter. As part of the initial sample order, GHG assisted in fulfilling an order for 5,000 metric tons of whole seed. With the signing of this Supply Agreement, all subsequent orders will now be originating from the Company.

Deepening the relationship with HoH will give the Company an opportunity to tap further into the premier hemp company in South Africa, as the hemp industry is about to open up to commercial production and distribution.

HoH plans to fully exploit the potential of industrial hemp by utilizing its seed for oil and nutritional supplements, the straw for fibre and hurd, and the flowers and leaves for CBD extraction. Seed processing for oil and cake is being undertaken first, using imported seed from GHG and local production from under HoH stewardship. The straw will be processed into chips to be used for building materials in the construction of affordable and sustainable hemp homes.

There are a number of additional business opportunities that House of Hemp is currently developing in South Africa, which Global Hemp will be involved in, upon completion of its 50% acquisition of HoH. The following are some of these opportunities:

 

  • Development of New Varieties of Hemp Seed for South Africa – In conjunction with the Agricultural Research Council (ARC), two new varieties of hemp seed specific for fibre production, have been developed. These varieties are known as SAHemp1 & SAHemp2 and are co-owned by the HoH. In addition, the parties are launching another research program to develop new varieties with special focus for oils and CBD strains.
  • Importation of Live Hemp Seed – HoH has been granted exclusive rights to import live hemp seed into the country. Negotiations are currently underway to extend this agreement for an additional five years.
  • Cannabidiol (CBD) Extraction – HoH has been granted the permission to extract CBD from its current pre-commercial hemp production sites. This processing can be launched immediately with a minimum expenditure, using existing facilities and hemp supply from HoH’s pre-commercial trials
  • Research on Medical Cannabis – The South African government, through the Department of Science and Technology, has asked HoH to co-coordinate research efforts on medical cannabis jointly with the University of Free State.
  • Building Homes with Hemp Construction Materials – HoH has been invited by the Department of Housing Settlements to participate in the Reconstruction and Development Programme (RDP) to build a number of affordable and sustainable houses out of hemp building materials. These hemp homes are expected to qualify for carbon credits that could offset some of the cost of development.
  • Fibres for Textile and Bio-composites – HoH is working with the Council for Industrial and Scientific Research (CSIR) doing research on the processing of hemp straw into fibres for the textile and the bio-composite industries.
  • Agricultural Development Program – HoH has been in negotiation with the Department of Rural Development and Land Reform (DRDRL) to use hemp as a crop that will be central to a large agricultural development program. The program entails land grants in exchange for HoH introducing hemp to targeted farming communities, as well as training the farmers, providing expertise, and marketing their products.
  • Pilot Program to Utilize Hemp Products for Food – The South African Department of Social Development has invited HoH and CSIR to present a pilot program to explore using hemp and other natural foods to bring nutritious foods to vulnerable elements of the rural population.

House of Hemp has been the coordinator of all these efforts on behalf of the private sector and has funded and/or found support for these research efforts. This shows the extent of the trust enjoyed by HoH in South African government circles, and various areas of collaboration.

Other notable details about the South African hemp market:

  • South Africa is on the verge of legalizing commercial hemp production and indications are that extraction of its non psychotropic components will be permitted.
  • HoH is working with the National Agricultural Marketing Council (NAMC) in the preparation of a study, which will be submitted to the government in 2015 for their final decision regarding the full legalization of hemp cultivation.
  • SA has a sizeable wealthy population that can afford the nutraceuticals derived from hemp seed.
  • SA has a very progressive policy to redress the injustices of apartheid through a number of programs such as the Reconstruction and Development Program (RDP) where low cost houses are distributed to the poor. HoH will participate in these programs to build hemp houses and provide a source of jobs in rural communities.
  • SA offers market opportunities that are not found elsewhere in the world. HoH is well positioned to tap into these opportunities through the confidence it has generated in developing the hemp industry in South Africa.

 

“The Company is excited about our expanded and continuing relationship with House of Hemp, and the ongoing opportunities for hemp in South Africa”, said Charles Larsen, President of Global Hemp Group. “Dr. Kunene is single handedly developing the hemp and cannabis industries in South Africa. We are proud to call her our partner and privileged to have this opportunity to work with House of Hemp”.

 

About Global Hemp Group Inc.

Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Southern California, USA and having a strategic partnership in South Africa. The Company is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries in an effort to build a “soil-to-shelf” portfolio of complementary companies that will enable GHG to capture cash flow, revenues and value from its acquisitions and establish a far greater collective valuation than GHG or the individual companies would have on their own.

 

On behalf of the Board of Directors

“Charles Larsen”
Charles Larsen
President & CEO

 

www.globalhempgroup.com


To view Global Hemp Group, Inc. on the Canadian Securities Exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the Boerse-Frankfurt Exchange/XETRA exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the OTC Markets in the United States under symbol GBHPF click HERE.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Holdings Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this


GLOBAL HEMP GROUP EXTENDS DEADLINE ON LETTERS OF INTENT

Surrey, BC — (June 12, 2015) — GLOBAL HEMP GROUP INC. (“GHG” or the Company”) (CSE: GHG / FRANKFURT: GHG / OTCQB: GBHPF) announces that the ongoing due diligence process relating to its acquisition of both Skunk Magazine (as announced March 9, 2015) and House of Hemp (originally announced December 19, 2014 and amended March 23, 2015), is going well, but requires additional time to complete. In that regard, the terms of the Letter of Intent for the Skunk Magazine acquisition has been extended to July 15, 2015, and the terms of the House of Hemp acquisition has been extended to July 15, 2015. Management expects to submit final documentation for regulatory approval prior to these dates.

In addition, the Company announces the closing of a second and final tranche of of its non-brokered private placement of unsecured convertible debenture (CD) units (the “Offering”), for total gross proceeds of

The debenture pays an annual interest rate of 15% per annum. No interest will be paid during the three-year term, but will accrue until maturity or conversion. Each unit of the CD will come with 28,571 warrants exercisable at a price of for a period of three years. The Company issued 3,571,375 warrants in connection with the second tranche of the placement, for a total of number of warrants issued for the placement of 7,142,750. The debenture is convertible into common shares of the Company at at any time during the three year period of the note. The proceeds of the Offering will be used to reduce payables and working capital for general corporate purposes. A finder’s fee of and 56,000 warrants exercisable at per share for a period of one year from the date of the subscription will be paid on this second tranche. The total finder’s fee paid in connection with this placement was and 112,000 warrants exercisable at per share for a period of one year from the date of the subscription.

All securities issued in connection with the Offering will be subject to a statutory four month hold period.

 

About Global Hemp Group Inc.

Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Southern California, USA and having a strategic partnership in South Africa. The Company is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries in an effort to build a “soil-to-shelf” portfolio of complementary companies that will enable GHG to capture cash flow, revenues and value from its acquisitions and establish a far greater collective valuation than GHG or the individual companies would have on their own.

 

On behalf of the Board of Directors

“Charles Larsen”
Charles Larsen
President & CEO

 

www.globalhempgroup.com


To view Global Hemp Group, Inc. on the Canadian Securities Exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the Boerse-Frankfurt Exchange/XETRA exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the OTC Markets in the United States under symbol GBHPF click HERE.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Holdings Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this


Contact

PHONE : 424.354.2998
EMAIL : info@globalhempgroup.com

Address

#106 – 1169 Mt. Seymour Road, North Vancouver BC V7H 2Y4

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