Global Hemp Group Inc. Announces New Farming Contracts in Alberta, Canada
April 30 2014 - 9:38AM
Marketwired
Global Hemp Group Inc. Announces New Farming Contracts in Alberta,
Canada
SURREY, BRITISH COLUMBIA--(Marketwired - Apr 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
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: +1.604.592.6881Frankfurt Office:
+49.69.173 226 6672www.globalhempgroup.com
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