19:40:56 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Global Hemp Group Inc
Symbol GHG
Shares Issued 137,917,545
Close 2015-11-16 C$ 0.015
Market Cap C$ 2,068,763
Recent Sedar Documents

Global Hemp to supply hemp seed to Colorado Hemp Works

2015-11-17 16:23 ET - News Release

Mr. Charles Larsen reports

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

Global Hemp Group Inc. 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 are available in Colorado. This order is in the process of being shipped to CHWS.

"Colorado Hemp Works is the first, and only U.S.-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."

In addition, two of the parties that purchased the company's 15-per-cent convertible debenture (as announced on June 12, 2015) have elected to convert their debenture to shares. As per the terms of the debenture, principal and accrued interest in the amount of $97,397.26 has been converted into 2,782,779 common shares of the company.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.