Global Hemp Group Inc. (CSE: GHG) Poised for Breakout Year in 2018 | CashCropToday
0 Shares 75 Views

Global Hemp Group Inc. (CSE: GHG) Poised for Breakout Year in 2018

February 13, 2018
75 Views

In July, Canada’s plans to legalize  recreational  cannabis nationwide, will come into effect. Hidden behind the buzz generated by recreational cannabis is Canada’s plans to legalize the extraction of cannabinoids, such as Cannabidiol (CBD), from industrial hemp.  According to research undertaken by the Brightfield Group, the industrial hemp-based CBD market is anticipated to become a $1.6 billion-dollar industry by 2021. This will be putting companies like Global Hemp Group Inc. in the position for a breakout year. 

Global Hemp Group Inc. (CSE: GHG)(OTC: GBHPF) is a Canadian based public company operating in the industrial hemp sector.Through joint ventures and acquisitions, GHG plans to operate in the automotive, building materials, bio-composites, food, nutritional supplements and nutraceuticals, guided by the overarching theme of “global environmental stewardship.”

Along with the company’s joint venture partner Marijuana Company of America (OTC:MCOA), GHG has completed the first phase of industrial hemp trials in Northeast New Brunswick in December 2018. The partnership now expects to begin commercial cannabinoid extraction from the hemp produced, from a commercial operation, on a minimum of 125 acres of cultivation slated this year.

The legalization of cannabinoid extraction from hemp is expected to have a positive impact on the company moving forward. Before the new year, GHG’s stock price rose from .05 cents per share to .34 cents per share within a couple of months.

Link to the Press Release

www.globalhempgroup.com

You may be interested

GW Pharmaceuticals CBD Based Drug Could Receive FDA Approval Soon
Manufacturing
1 views
Manufacturing
1 views

GW Pharmaceuticals CBD Based Drug Could Receive FDA Approval Soon

Sam Rosenberg - April 21, 2018

WASHINGTON (AP) — A medicine made from the marijuana plant moved one step closer to U.S. approval Thursday after federal health advisers endorsed it for the treatment…

Hemp Farming Act of 2018 Aims to Revive the U.S. Farming Industry
Market Watch
4 views
Market Watch
4 views

Hemp Farming Act of 2018 Aims to Revive the U.S. Farming Industry

Sam Rosenberg - April 21, 2018

A large collection of bipartisan congress members are supporting the Industrial Hemp Farming Act of 2018. The Hemp Farming Act aims to remove industrial hemp from its…

Green Party in Australia Proposes New Cannabis Legalization Bill
Politics
4 views
Politics
4 views

Green Party in Australia Proposes New Cannabis Legalization Bill

Sam Rosenberg - April 21, 2018

The Green Party in Australia has proposed a new bill to legalize the consumption of cannabis on a commercial scale throughout the continent. If passed citizens will…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: