(TheNewswire)
Vancouver, BC / TheNewswire / November 27, 2018 --
GLOBAL HEMP GROUP INC. (“GHG” or the “Company”) (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) and its joint venture partner Marijuana Company of America, Inc. (OTC: MCOA) (the “Partners”) are pleased to provide an update
on the harvest at their high yielding CBD hemp project in Scio, Oregon.
The 2018 Scio cultivation consisted of 33 acres of high yielding CBD hemp (utilizing six different
cultivars with an expected CBD content ranging from 6% to 12%) was grown in an orchard style cultivation on the two lower fields at
the property. With the help of near perfect weather in the region extending the harvest period by several weeks, the hemp had the
opportunity to grow to full maturity and allowed the team to completely harvest all plants grown, before the fall rains began in
the valley. For pictures from this season’s cultivation, please visit the Scio project page on GHG’s website - https://globalhempgroup.com/scio-oregon.
As with most things on the hemp farm this year, innovation was the key to success. There were many challenges
throughout the year; from getting a late start due to delays in closing of the farm acquisition, to preparing the fields, drying,
harvesting and storage, but the team in Scio was able to find solutions when required. Our team consists of a number of crew
members that are extremely innovative, who are trained in a variety of skill sets. They are well versed in everything from metal
fabrication, fine carpentry, and large equipment operation, so the team is able to set up, build, and/or operate pretty much
everything themselves at the project. With the addition of a number of knowledgeable advisers to assist, the team was able to solve
all challenges that arose during the course of the season.
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The Harvest
This year’s harvest consisted of approximately 37,000 high yielding CBD hemp plants producing 24 tons of
biomass. Harvesting this year was done by hand, making it extremely labour intensive and time consuming. The team has created a
number of solutions that will automate both the harvesting and planting of the hemp for next year’s crop. Ultimately, the goal is
to completely automate these processes, making it more efficient and less costly to complete. The team has now begun working on prototypes to automate the harvesting processes and expect to have machinery ready for use next
season.
Drying
A number of different drying techniques were employed with this year’s harvest. In the end, “old school”
hanging techniques proved to be the most effective and efficient. Drying took place in the farm’s larger 20 foot high, 4,000 sq.
ft. greenhouses which allowed for an increased quantity of plants being dried at any one time. Drying took approximately 36 to 48
hours to dry the hemp to be levels required for storage and ultimately extraction. With each successive batch of drying, techniques
were improved to increase the volume of biomass being dried in the greenhouse, while decreasing the time that it took to hang and
dry it.
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Results
The drying process for all of the hemp harvested is now complete and is stored awaiting further processing. The
farm produced 48,000 pounds of dried biomass, which is stockpiled in quarter ton super sacks, stacked three bags high and requiring
approximately 4,000 sq. ft. of storage space. Despite the late start in planting this season, the hemp plants still achieved
sufficient size to produce the anticipated quantity of biomass. It is expected that in 2019, planting will begin June
1st giving the hemp an addition 30-45 days of growing time. This will produce much
larger plants, resulting in significantly larger quantities of biomass.
Further Processing
The Partners have now acquired a hammermill to complete the next level of processing prior to the biomass going
for extraction of the cannabinoids. Processing will begin shortly, once electrical work is complete to run the hammermill. This
next level of processing will not only prepare the biomass for extraction of cannabinoids but will also reduce the storage space
requirements by more than 50% as the bulk of the plants is reduced in size.
Extraction
The Partners are currently exploring opportunities to joint venture with others that have expertise in the
cannabinoid extraction business, so that an extraction facility can be set up onsite to process this year’s
harvest. Biomass is currently selling for between US$3.00 and US$4.00 per percent, per pound. By taking the biomass to the next
level of processing, further value will be created.
About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG), is focused on a multi-phased strategy to build a strong
presence in the industrial hemp industry in both Canada and the United States. The Company is headquartered in Vancouver, British
Columbia, with hemp cultivation operations in New Brunswick and Oregon. The first phase of this strategy is to develop hemp
cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will
allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the
development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the
Company’s Hemp Agro-Industrial Zone (HAIZ) strategy.
For Further Information Contact Global Hemp Group
Tel: 424-354-2998
info@globalhempgroup.com
https://globalhempgroup.com
About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal
hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate
marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to
separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been
legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of
the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and
develop.
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, the legality of cannabis and hemp. 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.
The CSE has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.
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