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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 Oct 29, 2018 1:44pm
115 Views
Post# 28888669

RE:meh

RE:meh
The strains they planted in Oregon have between 12% and 18% CBD, which is actually quite good.
The hemp they planted in New Brunswick is indeed low CBD hemp, but they planted these strains only because unfortunately there still are no high CBD strains homologated for outdoor growing in Canada.

Other companies might have more acreage atm and those who grow indoors might produce plants with higher CBD content, but this doesn't automatically mean that these businesses will be more succesful in long term. Firstly because indoor growing is much more expensive (electricity etc), and secondly because most other companies (regardless if indoor or outdoor growers do own the land they use for growing, which is also a pretty big cost factor, firstly because of the aquisition costs but also because of the maintance costs (okay,not so much for outdoor operations, but still a little - field preperation etc also uses ressources and creates costs)

GHG on the other hand uses independent farmers for growing (they will eventually start using this model also in NB next year they said), which will allow them to expand very quickly and at very low cost (GHG pretty much only pays for the seeds and fertilizer). And once Health Canada finally homologates high CBD strains for outdoor growing, GHG can eventually have the same CBD yields as all the indoor growers, only at much lower cost.
Bullboard Posts