Global Hemp Group Joins Industry Leaders to Create Global Hemp Group Africa
06 June 2014 - 4:41AM
Marketwired
Global Hemp Group Joins Industry Leaders to Create Global Hemp
Group Africa
New firm to advance African hemp industry, promote sustainable
practices
SURREY, BRITISH COLUMBIA--(Marketwired - Jun 5, 2014) - GLOBAL
HEMP GROUP INC. ("GHG" or the "Company")(PINKSHEETS:GBHPF)(CSE:GHG)
(FRANKFURT:GHG) - Today Global Hemp Group Inc. (GHG) announced its
has joined with prominent South African enterprises to create
Global Hemp Group Africa (GHGA), a company tasked with developing
profitable, sustainable hemp businesses in South Africa and
throughout the African continent.
Global Hemp Group Africa partners GHG with a consortium of
established and promising companies positioned to ensure Africa
reaps the myriad of benefits associated with the growth of the hemp
industry. Partners include House of Hemp, the sole private company
with permits to grow hemp in South Africa; Omega Scientific
Research (OSR); KK Trust; and House of Mandela Agricultural
Holdings, founded by Dr. Phumla Makaziwe Mandela.
GHGA will initially commence operations with pre-commercial
research trials to grow hemp in close collaboration with Kuzuko
Lodge, an innovative game reserve in the Karoo aligned with GHG's
vision of economic opportunity, environmental justice and social
responsibility. Part of Kuzuko Lodge's land will be set aside for
use as a hemp cultivation model, to demonstrate the viability of
South Africa's hemp industry and help GHG prepare to meet its
future needs.
Hemp has been called a "wonder crop" and "a strong step to
creating productive, healthy and even prosperous conditions in
Africa."(1) Worldwide demand for hemp products has increased
significantly, and GHGA will ensure the nearly ideal conditions for
hemp production in South Africa translate into sustainable jobs,
ecosystem restoration and social development for the region.
(1) "Hemp: Africa's Solution to Hunger and Poverty," The
African Executive, 07 May 2008
On behalf of the Board of Directors
Charles Larsen, Chairman & CEO
GLOBAL HEMP GROUP INC.
To view Global Hemp Group, Inc. on the Canadian Securities
Exchange under symbol GHG click HERE.
To view Global Hemp Group, Inc. on the Boerse-Frankfurt
Exchange/XETRA exchange under symbol GHG click
HERE.
To view Global Hemp Group, Inc. on the OTC Markets in the
United States under symbol GBHPF click HERE.
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.
The CNSX has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
Global Hemp Group Inc.Direct: +1.877.469.4367Frankfurt Office:
+49.69.173.226 6672www.globalhempgroup.com
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