Maybe they aren't talking because of a merger???JUST SAYIN...... I have underlined and bolded the part of interest
GLOBAL HEMP GROUP SIGNS BINDING AGREEMENT TO ACQUIRE CONTROL OVER STRATEGIC WATER INFRASTRUCTURE ASSETS IN COLORADO Vancouver, BC -- (January 18, 2021) -- GLOBAL HEMP GROUP INC. (“GHG” or the “Company”) (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) is pleased to announce that it has signed a binding Letter of Intent with Prescient Strategies Group LLC (“PSG”) to acquire its Western Sierra Resource Corporation (“WSRC”) Preferred A Class Share holdings (“WSRC Prefs”) in a private, third party transaction. The resulting acquisition of these WSRC Prefs will give GHG control over WSRC, and specifically its strategic water infrastructure assets that will be an integral part of the Company’s Colorado Hemp-Agro Industrial Zone project as originally announced on September 16, 2020. The parties have agreed to develop the project through Innovative Hemp Technologies-a wholly owned GHG U.S. subsidiary. The resulting alignment of GHG, WSRC and their respective management teams together under one umbrella will result in a stronger and more focused and efficient entity. As part of the contemplated transaction, GHG is in the process of commissioning updated appraisals on these water assets. Documented historical valuations of the 4,000 acre feet of water rights and associated infrastructure are based on a 2013 and 2015 MAI appraisal and engineering reports, as well as a water law attorney’s comprehensive summary of various historic water rights appraisals and their relationship with land values dated March 2017. All of which support a value of US$40,000,000 or higher. GHG intends to conduct a third party valuation of this initial assessment value to support such appraisal.