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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

Comment by SY3XElonon Apr 01, 2022 9:01am
178 Views
Post# 34566371

RE:$WSRC

RE:$WSRCJust read this fun fact on the financials. As far as I can tell $2.3 million is not I'm escrow and it's definitely not available on the financials. 

The Company made a non-refundable deposit of US$200,000 in August 2021 for the acquisition of the 664 Acre 
Deepe Property through WSRC as described above. The Company will need to pay US$2,300,000 on or before 
April 1, 2022 (not completed as of the date of the release of these financial statements) in order to complete the transaction 

SY3XElon wrote: Global Hemp owes about $1.2 million for the water rights. This is the hold up make no mistake. So a PP was announced at .022 for 60 million shares which covers the amount owed plus about $100k. Question is why isn't Roger at WSRC not saying cancel it, give me those shares and warrants as a trade for the water rights and pump GHG to make way more on the water rights though the shares? There must be a big issue about the development of this project that we don't know. Can't fill such a low PP and Roger doesn't want to negotiate 


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