SURREY, BRITISH COLUMBIA--(Marketwired - April 30, 2014) - GLOBAL HEMP GROUP INC. ("Global Hemp Group", "GHG", or the "Company") (PINKSHEETS:GBHPF)(CSE:GHG)(FRANFURT:GHG)
Global Hemp Group Inc. announces the signing of contractual arrangements with farmers in the southern region of Alberta, Canada that will secure raw material output for the company from 1,500 acres of industrial hemp this fall.
The harvest of seven traditional family farms that comprise the 1,500 acres will be delivered exclusively to GHG this Autumn 2014. Furthermore, the output of the three different varieties of hemp grown by the GHG farm group in Alberta is expected to yield as much as 1,500,000 lbs. of hemp seed.
Many of the traditional family farms making up the GHG farm group in Alberta are over 100 years old, and the group has over 17 years of hemp-specific cultivation experience, including the use of a sustainable "no-till" technique. CEO Charles Larsen said today, "The Alberta farm group's experience with use of the special equipment and quality control processes that are specific to hemp farming make the engagement a very solid investment for Global Hemp Group, especially in light of the sustainable practices they utilize."
The entire GHG farm group in Alberta employs the "no-till" technique, which not only has a much lower environmental impact than conventional farming practices, but is more efficient from a bottom-line perspective. According to recent studies, less tillage of the soil reduces labor, fuel and machinery costs. No-till farming techniques can also increase yield because of higher water infiltration, higher storage capacity and less erosion.
On behalf of the Board of Directors
Charles Larsen, Chairman & CEO
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Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Global Hemp Group Inc., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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