The sustainable economic zone became IHTSo they use WSRC and GHG to fund IHT which is not publicly traded. Will the funds go back into WSRC and GHG or is something bigger a foot?
Let's hope they aren't out to screw the retail investor!!!!!!!!!!!
GLOBAL HEMP GROUP FORMS EXCLUSIVE STRATEGIC PARTNERSHIP TO CREATE A SUSTAINABLE ECONOMIC ZONE IN NORTHWEST COLORADO Vancouver, BC -- (September 16, 2020) -- GLOBAL HEMP GROUP INC. (“GHG” or the “Company”) (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) is pleased to announce that the Company has entered into agreement to form an Exclusive Strategic Partnership to create a Sustainable Economic Zone in northwest Colorado with Western Sierra Resource Corporation (“WSRC”) (OTC: WSRC). The Economic Zone will be vertically integrated and will generate multiple revenue streams for this 50/50 Partnership. The Partnership will benefit from WSRC’s extensive existing water infrastructure, that has been diligently developed over the last 15 years and currently valued at over US$40mil. The availability of these water resources is a key resource in developing this project and creating multiple revenue streams from its three operational segments – hemp cultivation, processing and sustainable construction. The Partnership will also seek to grow through a series of acquisitions and accumulate long term real estate assets and look to further enhance their value through the expansion of water infrastructure. Significant job creation will be an addition benefit to the region. The project will maximize the beneficial use of the water through all aspects of the Sustainable Economic Zone. Components of this zone will include; industrial hemp cultivation, primary processing, creation of hemp value-added products produced in a centralized area adjacent to the farming areas known as a Hemp Agro-Industrial Zone (HAIZ), and utilization of these value-added products in sustainable construction