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Enter Symbol
or Name
USA
CA



Global Hemp Group Inc
Symbol GHG
Shares Issued 133,249,440
Close 2015-02-02 C$ 0.02
Market Cap C$ 2,664,989
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Global Hemp, Green Dot sign mutual consulting deal

2015-02-03 09:21 ET - News Release

Mr. Charles Larsen reports

GLOBAL HEMP GROUP ANNOUNCES CONSULTING AGREEMENT WITH GREEN DOT CONSULTING, INC.

Global Hemp Group Inc. has entered into a mutual consulting agreement with Green Dot Consulting Inc. (GDC), of Burbank, Calif., an experienced leader in cannabis industry education, data analytics, legislation, product and business development, extractions, genetics, and more. The GDC team has a long and successful record building brands like Cannabis Career Institute, CannaTrends, CannaJobs and many others.

The agreement calls for Green Dot to consult the company on the expansion of its business model into the medical cannabis industry and associated projects, and GHG will consult with Green Dot on its expansion into the hemp industry and associated projects.

Initially GHG will consult for Cannabis Career Institute (CCI) on expanding curriculum to include coursework on hemp economics, business opportunities, building materials, food and nutrition, cultivation, genetics, processing and biocomposites. GHG staff will hired to speak at CCI classes on the business of hemp and the entrepreneurial opportunities available in the hemp industry. In addition, Green Dot is gearing up for several cultivation facility construction projects that it intends to build with hemp materials. GHG will consult on the design, materials selection and sourcing, construction, automation, optimization and management of these facilities.

Global Hemp Group has been receiving a increasing number of inquires regarding consulting on medical-cannabis-related projects as the industry continues to rapidly expand. With this agreement in place, the company now has a strong partner in Green Dot Consulting that enables it to pursue a wide range of projects in the medical cannabis space.

Bob Calkin, chief executive officer of Green Dot, stated: "One the major concerns surrounding the cannabis industry is that indoor production of marijuana already has an enormous carbon footprint and we're just getting started. We are proud to partner with a company whose main focus is to reduce the amount of energy used in the cultivation and extraction process. The cost per gram of cannabis nationwide will be directly impacted by the choices we make now in these crucial areas of savings. Whole markets will fall in the future if these concerns aren't addressed."

"To partner with a strong, experienced company like Green Dot, led by cannabis industry pioneer, Bob Calkin, is a privilege and holds tremendous value for our company. We are looking forward to getting started on projects that both companies already have queued up that will provide a consistent stream of revenues for both parties as GHG expands its business model. The relationship with CCI will produce a steady flow of new business consulting projects from the entrepreneurs that attend CCI classes to educate themselves before launching their own cannabusiness," said Charles Larsen, CEO of Global Hemp Group.

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