Each Warrant entitles the holder thereof, upon exercise, before the time of expiry, subject to acceleration, to acquire one Common Share, together with the payment of the Exercise Price of $0.05.
Global Hemp Group Inc. (GHG), is focused on a multi-phased business strategy to build a strong presence in the industrial hemp industry the United States. The Company is headquartered in Vancouver, British Columbia, with hemp cultivation operations in the state of Oregon.
The first phase of this strategy has been to develop hemp cultivation for extraction of cannabinoids and the smokable CBG flower market with the objective of creating a near term revenue stream.
The second phase of the strategy, now underway, utilizes the exceptional properties of the entire hemp plant for the production of raw materials and other value-added products, assembled in a centralized location adjacent to the hemp farming activity, known as a Hemp Agro-Industrial Zone (“HAIZ”).
The Exclusive Strategic Partnership for development of the Sustainable Economic Zone in northwest Colorado with Western Sierra Resource Corporation (“WSRC”) is an application of the HAIZ. The project will be vertically integrated, will create real estate asset growth having valuable water rights, and will generate multiple revenue streams from key operating segments. Segment focus - irrigated industrial hemp cultivation; preliminary processing; manufacture of hemp-based (“green”) construction products; and the fabrication of affordable housing utilizing the products produced at the HAIZ.
An important component of Global Hemp Group and the HAIZ is Research and Development. Intellectual Property created through the R&D Division will not only be utilized at the Company’s projects, but will have a goal of creating patented technology that GHG is able to widely market.
Global Hemp’s Research and Development Division will be headed by Prof. Víctor M. Castaño, Ph.D. Prof. Castaño, a recognized leader in several areas of applied science and technology. He and his team bring an amazing wealth of knowledge and experience in a number of different disciplines to the Division.