Global Hemp Group Inc. (CSE GHG) is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries in an effort to build a ?soil-to-shelf portfolio of complementary businesses that are environmentally aware, and that will enable GHG to capture cash flow, revenues and value from its acquisitions and establish a far greater collective valuation for GHG or the individual companies, than would they have had on their own.On July 29, 2015 the Company announced that it has signed a Letter of Intent to form a Joint Venture with Western Sierra Mining Corp. (WSM) of Edmond, Oklahoma for the acquisition of agricultural lands for the purpose of hemp cultivation and the development of a Value-Added Hemp Processing Zone, strategically located adjacent to hemp farming areas.The Partners are currently evaluating a number of locations in the Western United States where hemp can be legally grown. This Hemp Processing Zone will be the first of its kind in exploiting the full potential of the crop, in just one location. The vision for the Processing Zone is to transform the hemp seed into oil and protein powder for the food industry, utilize the leaves and flowers to extract Cannabidiol (CBD) for this new and rapidly emerging industry, and to process the straw into fibre, hurd (woody core) and dust. The fibre will be further processed for the textile industry to supplement cotton and synthetic fibres. The hurd will be processed into chips to be utilized in sustainable building materials for the construction industry, and the dust recovered will be pelletized for a variety of target markets. Initial building materials produced will be utilized in the construction of the processing facilities and affordable work force housing for the Company?s employees. The design and construction of the hemp processing zone will incorporate sustainable materials and technologies with the goal of achieving a near net-zero carbon footprint. These facilities will produce sustainable hemp products that will replace carbon based products and sequester CO2 permanently.
Non Food Crops