With today’s announcement, GHG has now fully enacted its “soil-to-shelf” strategy. GHG previously took delivery of 93,000 lbs. of hemp seed from NeverIdle Farms Ltd., a farming partner in Alberta, Canada, and is utilizing the services of hemp processors to create value-added materials and consumer market products. The products will be further processed, distributed and retailed by HempNatura, of which GHG owns 20 percent, giving GHG a presence at every stage of the hemp foods supply chain.
Of the seed delivered, 28 tons has been processed into approximately 15,000 lbs. of hemp oil (using a cutting-edge cold press process) and 45,000 lbs. of seed cake now being milled into hemp protein powder and hemp flour. A further 12 tons of seed has been de-hulled producing over 10,000 lbs. of hemp nut to be processed into HempNatura’s proprietary consumer products.
“HempNatura establishes a connection between consumers and farmers, and we are proud to offer quality, sustainably-produced products that benefit consumers, farmers and the land,” said Jim Saunders, President and CEO of HempNatura, which currently offers consumer products including Hemp Cocoa Nibs, Hemp Smart Seed and Hempower protein powder.
GHG also recently announced contracts with a farming consortium in Alberta to grow hemp on 1,500 acres, with delivery set for October.
On behalf of the Board of Directors
Charles Larsen, Chairman & CEO
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.
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