New firm to advance African hemp industry, promote sustainable practices
SURREY, BRITISH COLUMBIA — (Marketwired – June 05, 2014) — GLOBAL HEMP GROUP INC. (“GHG” or the “Company”)(PINKSHEETS:GBHPF)(CSE:GHG) (FRANKFURT:GHG) – Today Global Hemp Group Inc. (GHG) announced its has joined with prominent South African enterprises to create Global Hemp Group Africa (GHGA), a company tasked with developing profitable, sustainable hemp businesses in South Africa and throughout the African continent.
Global Hemp Group Africa partners GHG with a consortium of established and promising companies positioned to ensure Africa reaps the myriad of benefits associated with the growth of the hemp industry. Partners include House of Hemp, the sole private company with permits to grow hemp in South Africa; Omega Scientific Research (OSR); KK Trust; and House of Mandela Agricultural Holdings, founded by Dr. Phumla Makaziwe Mandela.
GHGA will initially commence operations with pre-commercial research trials to grow hemp in close collaboration with Kuzuko Lodge, an innovative game reserve in the Karoo aligned with GHG’s vision of economic opportunity, environmental justice and social responsibility. Part of Kuzuko Lodge’s land will be set aside for use as a hemp cultivation model, to demonstrate the viability of South Africa’s hemp industry and help GHG prepare to meet its future needs.
Hemp has been called a “wonder crop” and “a strong step to creating productive, healthy and even prosperous conditions in Africa.”1 Worldwide demand for hemp products has increased significantly, and GHGA will ensure the nearly ideal conditions for hemp production in South Africa translate into sustainable jobs, ecosystem restoration and social development for the region.
1 “Hemp: Africa’s Solution to Hunger and Poverty,” The African Executive, 07 May 2008
On behalf of the Board of Directors
Chairman & CEO
GL OB A L H EMP GRO UP I N C .
S ec on d Fl oor , 8 33 8 -120t h S tre et
S u r r e y , B C , V 3 W 3 N 4
Frankfurt Office: +49.69.173 226 6672
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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.
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