VANCOUVER – GLOBAL HEMP GROUP INC. ( CSE: GHG ) / ( OTC:GBHPF ) / ( FRANKFURT: GHG ) / (CNSX:GHG.CN) reported that it has closed the transaction to acquire a strategic commercial/industrial property in northwest Colorado. GHG has advanced US$150,000 as a down payment on the property, with three equal payments equally spaced over the next 18 months, for a total acquisition price of US$1.4 million.
This 44 acre multi-use property will be the site of the Hemp Agro-Industrial Zone (HAIZ) manufacturing facility which will initially be focused on hemp-based building materials utilized at the Company’s initial Planned Unit Development in northwest Colorado. Over time, the Company expects to expand the manufacturing focus to encompass the use the fibre from the hemp plant, in addition to the hemp hurd that will be used in the building materials. The Colorado HAIZ is an exciting opportunity to implement the Company’s vision of building an entire “green” and “sustainable” community utilizing and showcasing hemp-based building materials and as many green economy technologies as possible, to attract and support green community stakeholders, Government and industry support and partnerships.
Global Hemp Group Inc. ( CSE: GHG / OTCQB: GBHPF / FRANKFURT: GHG ) is focused on executing a multi-phased strategy of becoming a leader in the development and promotion of the industrial hemp technology industry in the United States and beyond. The Company is currently headquartered in Vancouver, British Columbia. The current phase of the strategy focuses on the development of “sustainable” and “green” value-added industrial hemp products utilizing the processing of the entirety of the hemp plant for multi-merchantable applications, as envisioned to be showcased in the Colorado Hemp Agro-Industrial Zone (HAIZ) project. This HAIZ will be the epicentre of a futuristic “Sustainable/Renewable and Regenerative City model the Company intends to “brand” and duplicate sharing this model with the World. To support and innovate the HAIZ further, Global Hemp Group has established a Research and Development Division to actively pursue the development of Intellectual Property that can be patented for implementation locally and for partnerships Globally. The Division is led by Prof. Víctor M. Castaño, Ph.D . from the National Autonomous University of Mexico, a highly recognized leader in areas of applied science and technology. The R&D team brings an amazing wealth of knowledge and experience in multiple disciplines and will initially focus on development of Environmentally-Friendly Construction Materials, Nanofertilizers and Enhanced Extraction from Hemp.
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