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Global Hemp Group Inc C.GHG

Alternate Symbol(s):  GBHPF

Global Hemp Group Inc. is a Canada-based company. The Company is focused on two business segments: Industrial Hemp and Health & Wellness (Biopharma). The Industrial Hemp segment primary focus lies in the environmental uses of hemp for construction and hemp for sustainable bio-energy sources, both contributing to a carbon-negative footprint. It is also focused on aligning with its hemp agro-industrial zone (HAIZ) strategy to achieve a carbon-negative footprint. Its principal feature of the HAIZ concept is the proximity of the industrial plant to the supply of raw materials and final markets. The Health and Wellness segment is focused on the acquisition of exclusive licensing of patents and intellectual property (IP). It acquired exclusive rights to key patents and IP of Apollon Formularies plc., a UK-based international pharmaceutical company whose formulations and patents specialize in developing cancer treatments from natural biologics, including cannabinoids and functional mushrooms.


CSE:GHG - Post by User

Bullboard Posts
Comment by hempsteron Jun 09, 2018 10:01am
232 Views
Post# 28149623

RE:600000 shares to Cash Crop Today

RE:600000 shares to Cash Crop Today The NR for this deal says the shares are valued at US$90000, so US$.15 per share (or ~ CAD$.19) . Currently there are a little more than 180Mio issued shares and ~ 30Mio options and warrants, so all in all the dilution caused by this deal is almost nothing, when taking all shares and options etc in account less than 0.5%. The past PPs were much much worse in that regard.

Nevertheless I think GHG should have paid the whole amount in cash since the still got more than $1.8 Mio in cash ATM - so I hope we see some more deals and expansions in the near to midterm future, otherwise they wouldn't have raised so much money I guess (also since 25% of this money did come from insiders).
 
Bullboard Posts