Global Hemp Group Inc - GBHPF STOCK NEWS

Global Hemp Group Inc. (CSE:GHG, OTC:GBHPF) announced the addition of Gabriel Gauthier, a pioneer in hemp construction, to its team. Gauthier will advise on hemp building applications for the Colorado Hemp Agro-Industrial Zone project in Colorado, which aims to cultivate industrial hemp and generate multiple revenue streams. The company also completed an acquisition, issuing 12,386,675 shares to Marijuana Company of America Inc. at $0.02 each. GHG focuses on establishing a strong presence in the U.S. hemp industry and developing value-added products.

Global Hemp Group Inc. (CSE:GHG, OTC:GBHPF) has announced its acquisition of a 50% stake in the Oregon Hemp Project from Marijuana Company of America Inc. The deal involves an upfront payment of $210,000 and additional stock valued at $185,000. This acquisition will allow Global Hemp to fully consolidate the 109-acre Scio, Oregon farm into its financial statements, enhancing control over its operations. Additionally, GHG received short-term loans totaling C$50,000, resulting in the issuance of 1,700,000 common shares as a bonus to lenders.

Global Hemp Group Inc. (CSE: GHG / OTC: GBHPF) has announced the appointment of Prof. Victor Castaño, Ph.D. as the Head of its new Research and Development Division. Prof. Castaño brings extensive experience in materials science and biomedicine with over 30 years in developing sustainable construction materials, nanofertilizers, and enhanced extraction methods from hemp. The R&D division will focus on environmentally-friendly construction materials, innovative nanofertilizers, and advanced extraction techniques, aiming to create marketable, patented technologies for the hemp industry.

Global Hemp Group Inc. (CSE:GHG)(OTC:GBHPF) has announced a 50/50 strategic partnership with Western Sierra Resource Corporation to establish a Sustainable Economic Zone in northwest Colorado. This initiative aims to leverage WSRC's $40 million water infrastructure for vertical integration in hemp cultivation and processing. The project will create a Hemp Agro-Industrial Zone (HAIZ) focusing on affordable housing and value-added hemp products. An initial funding commitment of $25,000 is set within the next 30 days, with definitive agreements expected in 60 days.

Global Hemp Group Inc. (CSE:GHG, OTC:GBHPF) announced a rights offering for common shareholders, effective July 31, 2020. Shareholders of record as of August 4, 2020, will receive rights to subscribe for units. Trading of the rights began on August 10, 2020, under the symbol GHG.RT, but faced a temporary halt due to a system glitch. This issue has now been resolved, and trading is set to resume on August 13, 2020. Full details are available in the Rights Offering circular filed on SEDAR.