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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

Post by SY3XElonon May 04, 2022 9:07am
214 Views
Post# 34654316

Land Purchase 220 Acres Discrepancy

Land Purchase 220 Acres Discrepancy I went back to the May 10th NR where the first 2 parcels of land were purchased. There was no follow up until the April 22nd NR. They said Subject to completion of due diligence on or before June 11, 2021, the earnest money will become non-refundable, and the purchase will be scheduled for closing, with final payments for the property payable on or before December 11, 2021. So for 4 months and 11 days they led us to believe they owned the land. Then they told because I feel the CSE forced them to that WSRC advises that they have in discussions with the sellers of all three properties to renegotiate and extend both the payments and closing dates on the properties. Extend the closing dates!!! For over 4 months they didn't update us that they didn't own the land. This is unbelievable and untrustworthy. I am stunned at the lack of transparency. I assume all hidden to fill a PP which he unsuccessfully couldn't do twice. At this point we better hope for a big bail out based on WSRC water rights financing the deal but likely GHG owing a major portion of future earnings to them. The deal may be non dilution for WSRC but I think it will be dilution for GHG
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