At the request of IIROC Global Hemp Group is unaware of any material changes
Vancouver, BC — (November 24, 2017) - Global Hemp Group Inc. (“GHG” or the “Company”) (CSE: GHG / OTC: GBHPF / FRA: GHG) At the request of Investment Industry Regulatory Organization of Canada (IIROC), GLOBAL HEMP GROUP (“GHG” or the “Company”) (CSE:GHG/FF:GHG/OTC:GBHPF) wishes to advise that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.
The Company is making progress on its strategy in the hemp and cannabis sector. The Company previously announced a Joint Venture with Marijuana Company of America (OTC: MCOA) to acquire a 25% stake in Space Cowboys Farm in Colorado on October 10, 2017 and Space Cowboys to provide consulting on the GHG-MCOA JV on hemp cultivation and processing in New Brunswick announced on September 21st and 28th 2017.
About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG), is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The Company is headquartered in Vancouver, British Columbia, with hemp cultivation operations in New Brunswick and Oregon. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the Company’s Hemp Agro-Industrial Zone (HAIZ) strategy.
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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 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, the legality of cannabis and hemp. 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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