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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
Post by hempsteron Aug 31, 2019 8:54am
310 Views
Post# 30085797

What lots of people do not realise is

What lots of people do not realise isthat the numbers GHG posted are eventually way better than one could have imagined.

Ofc they do have a $3.5million loss during the first three quaters,but $3million of that are caused by the share-based compensation and another $300k comes due to the fact that they had to write the New Brunswick harvest off. Meaning that despite the loss, the liabilities are still as low as before since the loss was mosty only caused by the issuing of new shares and the write down of the harvest in Canada which makes the situation look way worse than it is.
Obviously one might criticise the size of the share-based compensation, but at least it does come at no real cost (except some dilution of the existing share capital), and the options which are included will also yield some more working capital for the company once they get exercised.

When taking also the revenue update into account (ca. Cad$ 700k, plus potentially Cad$300k more from the sale of the rest of the biomass, extraction could yield even more), I think this year went all in all quite well.
If it was not for the share-based compensation, GHG could have reached break-even already this year, despite so much things not going according the plan (e.g. New Brunswick project, CBD extraction in Oregon).
Chances are really, really good that we will see some firsts profits next year. Now that they do have more equipment in Oregon and connections to extractors, processing and revenue generation from this year's harvest should also proceed better and quicker. And once they start utilizing the whole area of their farm and not just 33 acres, revenue will at least tripple.

This is probably the best time to buy the stock in a long, long time. Load up as much as you can at this price levels and simply let it sit. Next year at this time of the year you'll be laughing when thinking about at which price you where able to buy your shares.
Bullboard Posts