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,
President & CEO
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.
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