Announcement • Oct 10
Global Hemp Group Inc. announced that it expects to receive CAD 0.4 million in funding Global Hemp Group Inc. announced a non-brokered private placement financing to issue 16,000,000 units at an issue price of CAD 0.025 for the proceeds of CAD 400,000 on October 9, 2025. Each Unit will consist of one common share and one Common Share purchase warrant Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of CAD 0.05 per share for a period of five (5) years following the closing. All securities issued pursuant to the Proposed Financing will be subject to a hold period of four months and a day from the closing date. Announcement • Mar 27
Global Hemp Group Inc. Appoints Geoffrey Baker to the Board of Directors Global Hemp Group Inc. announced the appointment of Geoffrey Baker to the Board of Directors of the Company. Mr. Baker brings a wealth of experience in natural resources and finance to our Board. He is currently a director at Tim Trading Limited, a UAE consultancy in the oil and gas sector. As Manager of Insch Black Gold Funds, he received the Investors Choice Swiss Fund Manager of the Year Award. Previously, he spent 12 years as a licensed broker at Refco Inc., and holds a bachelor's degree from the University of Windsor, Ontario. New Risk • Mar 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Negative equity (-CA$6.1m). Earnings have declined by 7.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.05m market cap, or US$731.4k). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Announcement • Mar 19
Global Hemp Group Inc. announced that it expects to receive CAD 0.434 million in funding Global Hemp Group Inc has announced a non-brokered private placement of up to 14,000,000 units at CAD 0.031 per Unit for gross proceeds of up to CAD 434,000. Each Unit is comprised of one common share in the capital of the Company and one non-transferable Common Share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at a price of CAD 0.10 per share, exercisable until March 24, 2028. It is anticipated that this placement will close in multiple tranches, with the first tranche of $75,000 for 2,419,354 Units expected to close in a week. All securities issued under the offering will be subject to a hold period expiring 4 months and one day after issuance. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Negative equity (-CA$6.1m). Earnings have declined by 7.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$728.7k market cap, or US$507.4k). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (61% average weekly change). Negative equity (-CA$6.1m). Earnings have declined by 7.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$364.4k market cap, or US$254.3k). New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$510k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$510k free cash flow). Share price has been highly volatile over the past 3 months (56% average weekly change). Negative equity (-CA$5.9m). Earnings have declined by 4.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.34m market cap, or US$976.2k). Minor Risk Shareholders have been diluted in the past year (36% increase in shares outstanding). Board Change • May 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 1 independent director (3 non-independent directors). Member of Advisory Board & Head of Research and Development Division Victor Castano was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (61% average weekly change). Negative equity (-CA$3.5m). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.21m market cap, or US$896.7k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (37% increase in shares outstanding). Announcement • Jan 17
Global Hemp Group Inc. announced that it expects to receive CAD 0.75 million in funding Global Hemp Group Inc. announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 750,000 on January 15, 2024. Each unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of CAD 0.10 per share, exercisable until January 15, 2027. The transaction will close in multiple tranches, with the first tranche of CAD 67,500 for 1,350,000 units expected to close in one week. All securities issued under the offering, including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months and one day after issuance, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws. The company may pay certain eligible finder’s a fee equal to 8% of the gross proceeds from the offering and issue warrants, equal to 8% of the total number of units sold. Announcement • Oct 17
Global Hemp Group Inc. announced that it expects to receive CAD 0.448537 million in funding Global Hemp Group Inc. announced a non-brokered private placement of up to 8,970,740 common shares at a price of CAD 0.05 per common share for gross proceeds of up to CAD 448,537 on October 16, 2023. The transaction is scheduled to close in one or more tranches with the final closing no later than November 29, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. The company may pay to certain finders a cash commission up to 8% of the gross proceeds of the offering resulting from subscribers introduced by such finders, and issue to such finders common share purchase warrants, exercisable for a period of two years at an exercise price of CAD 0.05 following the closing of the offering, to acquire in aggregate that number of common shares which is up to 8% of the number of common shares sold under the offering attributable to the finders. Announcement • Oct 05
Global Hemp Group Inc. Appoints Ramsey Douglas as Director Global Hemp Group Inc. has appointed Ramsey Douglas as director of the company. Mr. Douglas is a U.K. professional based in London, whose passion lies in conquering the dynamic challenges of the business world, and firmly believes that success in business is a collective effort, driven by the strength of the team. Since 2017, he became involved in the cannabidiol industry when it was in its infancy in the United Kingdom. Recognizing the need for stability and quality, Mr. Douglas, as managing director, spearheaded the World CBD Awards, with the clear mission: identify the world's finest CBD brands through rigorous scientific evaluation and full traceability to the source. This enabled him to partner with some of the world's leading brands, developing a global contact base, together with establishing relationships with some of the leading media agencies globally with the objective to get clearly defined messages out to mass markets. Concurrently, Mr. Douglas helmed United Hemp Alliance, a global CBD distribution company that sold raw materials right through to finished products. In addition, he has been following the medicinal cannabis space for the last several years to understand the global landscapes, legalities, growth potentials and potential gaps in the market. Having been in the CBD space for the last six years, medicinal cannabis was the next generation, and an industry that his group had aspirations of entering and had been building in the background. In late 2022, he set his sights on the growing medicinal cannabis sector and looked at innovative ways in which his group could enter the space, and how it could help people with non-addictive alternative medications, without the stigmas being attached. It then set about understanding the biggest disconnect across the medicinal cannabis space, being education, and put a plan in place on how it could address this on a global level. With industry pioneers entering the fray, Mr. Douglas saw a wealth of opportunities at the industry's dawn, fuelled by the strong global relationships that had been cultivated, the solid team and advisory board that they built, and lessons learned from the CBD sector, they created CannoV8, a company to take advantage of this opportunity. Prior to his entrance into the CBD industry, Mr. Douglas's professional journey began in the corporate realm, where he navigated the intricacies of global information technology manufacturing across Europe, the Middle East and Africa (EMEA). During that time, he led diverse sales channels, overseeing delivery and shaping marketing and sales strategies, with the overall objective being to outwit the competition across the focus market areas. Announcement • May 13
Global Hemp Group Inc., Annual General Meeting, Jul 28, 2023 Global Hemp Group Inc., Annual General Meeting, Jul 28, 2023. Announcement • Feb 15
Global Hemp Group Inc. Appointment of Arelio Useche and Veronique Laberge as Board of Directors Global Hemp Group Inc. Announces the Appointment of Arelio Useche and Veronique Laberge to the Company's Board of Directors. Aurelio Useche leverages over 20 years of senior management experience including COO, CFO and CEO in several private and publicly traded corporations in manufacturing, mining exploration, consumer goods and entertainment. Mr. Useche is a CPA, CMA and a graduate of the executive MBA program at Queen's University School of Business. Mr. Useche is also a graduate of the Corporate Directors program at the University of Toronto's Rotman School of Business and of the Masters Certificate program in Risk Management program at York University's Schulich School of Business. Vronique Laberge began her career in an accounting firm in 2005. She participated in various certification mandates for private companies. Mrs. Laberge then chose to pursue her career in a management position in the field of professional services, an experience that allowed her to acquire solid expertise in the business world. In 2018, Mrs. Laberge returned to professional practice as a self-employed practitioner. Specializing in certification mandates, general accounting and as a consultant for public and private companies, she wishes to support companies in their financial management. Also, a chartered professional accountant and holder of the title of auditor, she now has more than 15 years of experience in professional practice. The Company also announces that Jeff Kilpatrick has resigned as Director of the Company. Board Change • Jan 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Member of Advisory Board & Head of Research and Development Division Victor Castano was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 06
Global Hemp Group Inc. Announces Resignation of Michel Lebeuf as Director Global Hemp Group Inc. announced that Michel Lebeuf has resigned as Director of the Company to concentrate his activities as corporate counsel of the Company. He will remain as Corporate Secretary of the GHG. Announcement • Jul 15
Revitalize Earth entered into letter of intent to acquire Global Hemp Group Inc. (CNSX : GHG) for CAD 5.4 million in a reverse merger transaction. Revitalize Earth entered into letter of intent to acquire Global Hemp Group Inc. (CNSX : GHG) for CAD 5.4 million in a reverse merger transaction on July 8, 2022. Under the terms of the LOI, GHG will effect the consolidation of the GHG shares (the “GHG Shares”) on the basis of ten (10) pre-consolidated GHG Shares for one (1) post-consolidated GHG Share (the “GHG Consolidation”). GHG will issue 360,000,000 new shares at the price of CAD 0.30 per share to the shareholders of Earth to acquire the outstanding Earth shares representing a total equity value of $85,000,000 on a fully diluted basis. The Resulting Issuer will be listed on the Canadian Securities Exchange (the “CSE”) under the name “Revitalize Earth Holdings Inc.” or such other name as the board of directors may determine. Completion of the Transaction remains subject to a number of conditions, including, but not limited to: (i) negotiation of definitive documentation; (ii) receipt of any required regulatory approvals; (iii) the approval of the shareholders of GHG and Earth; (iv) completion of the GHG Consolidation; and (v) completion of the Concurrent Offering for gross proceeds of up to $15,000,000, if elected to do so by the Resulting Issuer. Announcement • Jul 13
Global Hemp Group Inc. announced that it expects to receive $15 million in funding Global Hemp Group Inc. announced a non-brokered private placement of subscription receipts for gross proceeds of $15,000,000 on July 13, 2022. The transaction is subject to Canadian stock exchange. Announcement • May 21
Global Hemp Group Inc. announced that it has received CAD 0.6 million in funding Global Hemp Group Inc. announced that it has received a non-brokered private placement of 30,000,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 600,000 on May 20, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant shall entitle the holder to acquire one common share at a price of CAD 0.05 per share for a period expiring on September 30, 2023. In the event that the company's common shares trade on the Canadian Securities Exchange at a volume weighted average price of CAD 0.12 per share or more for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the 30th day after the date on which such notice is given to the holder by the company. All securities issued in the transaction are subject to a hold period of four months and one day from the date of closing. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Member of Advisory Board & Head of Research and Development Division Victor Castano was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Global Hemp Group Inc. Provides Update on Its Green Community Project in Hayden Colorado Global Hemp Group Inc. provided in the December 31, 2021 MD&A filed on March 1, 2022 and the CSE Monthly Report filed on April 7, 2022the Company wishes to provide an update on its Green Community/Hemp Agro-Industrial Zone (HAIZ) project in Hayden Colorado. The Company has experienced some delays in its payment obligations under the existing Definitive Agreement executed with Western Sierra Resources Corporation (WSRC) and Prescient Solutions Group LLC. The Company has been working diligently with its Partners to restructure this agreement to clarifythe relationship of the parties and restructure certain payment terms. WSRC has advised that the various debt payments have been renegotiated and extended to the third and fourth quarter of this year. While the parties continue to work towards finalizing a revised Definitive Joint Venture Agreement, not having a finalized agreement in place has hindered the Company's funding initiatives for the project. Real Estate acquisitions for the project There are currently three land parcels under contract for the project, a 44-acre industrial/commercial property acquired for the HAIZ manufacturing facility, 166-acre annexed and entitled property for development of the Company's initial Planned Unit Development and 664-acre parcel that will be used for agriculture and future residential development (for further detail on the transaction see the news releases of May 10, 2021, and August 23, 2021). WSRC advises that they have in discussions with the sellers of all three properties to renegotiate and extend both the payments andclosing dates on the properties. WSRC further advises that they have received a term sheet for funding that is expected to be sufficient to settle debt payments, provide funding for the acquisition of the properties and initial investment for development of the Colorado project. The funding is subject to certain conditions including a site visit by the lender which is expected to be conducted shortly. Announcement • Feb 09
Global Hemp Group Inc. announced that it expects to receive CAD 1.32 million in funding Global Hemp Group Inc. announced a non-brokered private placement of up to 60,000,000 units at a price of CAD 0.022 per unit for gross proceeds of CAD 1,320,000 on February 8, 2022. Each unit is comprised of one common share of the company and one common share purchase warrant. Each whole warrant shall entitle the holder thereof to acquire one additional common share at a price of CAD 0.05 per Common Share for a period expiring on September 8, 2023. All securities issued are subject to a four-month plus a day hold period from the date of issuance in accordance with applicable securities laws. Finder's Fee may be paid in the transaction. Announcement • Jun 24
Global Hemp Group Inc. announced that it expects to receive CAD 1.5 million in funding Global Hemp Group Inc. (CNSX:GHG) announced a non-brokered private placement of 7% Secured Convertible Debentures for gross proceeds of CAD 1,500,000 on June 22, 2021. The Debenture has a Maturity Date of September 8, 2023 and shall bear interest at the rate of 7.0% per annum, payable for the period commencing on the Closing Date and ending on the earlier of the Maturity Date or the date the Debenture is converted into units. Each CAD 1,000 principal amount of Debenture is convertible, at the option of the holder, into Units consisting of 20,000 common shares of the Issuer, issued at a price of CAD 0.05 per Common Share, and 20,000 detachable common share purchase warrant, each Warrant entitling the holder to acquire one additional Common Share an exercise price of CAD 0.05 at any time after the date of issuance and prior to the close of business on the last business day prior to the Maturity Date. The warrants will be listed for trading on the Canadian Securities Exchange after the expiry of the hold period and will have identical terms to the currently listed warrants trading under the ticker symbol GHG.WT. In the event that the company’s common shares trade on the Canadian Securities Exchange a volume weighted average price of CAD 0.12 per share or more for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the 30th day after the date on which such notice is given to the holder by the company. Minimum subscription per corporate lender will be CAD 25,000. A finder’s fee may be payable to eligible finder’s or agents per CSE guidelines.
On the same date, the company announced it has received CAD 500,000 in its first tranche of the transaction. The Company anticipates closing of the transaction in two additional tranches on or before July 30, 2021. Announcement • Feb 27
Global Hemp Group Inc. Signs Research Collaboration Agreement with Aramat Querétaro Global Hemp Group Inc. announced that it has signed a Research Collaboration Agreement with Aramat Querétaro. The collaboration is the next step in GHG's vision of expanding its Research Division in Mexico. This collaboration is part of the company's bigger vision to expand its collaboration partners while furthering development of Intellectual Property that can be patented, utilized by the Company and or marketed to the industry. Announcement • Feb 06
Global Hemp Group Inc., Annual General Meeting, Apr 16, 2021 Global Hemp Group Inc., Annual General Meeting, Apr 16, 2021. Reported Earnings • Jan 30
Full year 2020 earnings released: CA$0.007 loss per share (vs CA$0.014 loss in FY 2019) Full year 2020 results: Net loss: CA$1.27m (loss narrowed 53% from FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Nov 28
Global Hemp Group Inc. Expands Its Hemp R&D Team in Mexico Global Hemp Group Inc. announce that Irving Fernandez-Cervantes will be joining the Company's R&D Division headed by Prof. Victor Castaño, a recognized leader in several areas of applied science and technology from the National Autonomous University of Mexico. Prof. Castaño continues to assemble his team with the goal of developing Intellectual Property that can be patented and implemented in the hemp and/or building industry, and in particular, at Company's newly announced Colorado Hemp Agro-Industrial Zone. Mr. Fernandez-Cervantes will be in charge of the preparation and characterization of hemp fiber-reinforced materials for construction applications. His expertise in spectroscopic, chemical and physical characterization of composite materials will be of great relevance in the development of novel, patentable construction materials. He is currently working towards his Ph.D. dissertation, based on novel uses of hemp materials and chemicals. Announcement • Oct 02
Global Hemp Group Inc. (CNSX:GHG) executed an agreement to acquire the remaining 50% interest in Covered Bridge Acres Ltd. from Marijuana Company of America, Inc. (OTCPK:MCOA) for $0.4 million. Global Hemp Group Inc. (CNSX:GHG) executed an agreement to acquire the remaining 50% interest in Covered Bridge Acres Ltd. from Marijuana Company of America, Inc. (OTCPK:MCOA) for $0.4 million on September 30, 2020. As part of consideration, Global Hemp Group will make a payment of $0.21 million to Marijuana Company of America with $0.14 million payable no later than September 30, 2020 and the remaining $0.08 million payable no later than November 15,2020. Global Hemp Group will grant to Marijuana Company of America common stock from its treasury for an amount equal to $0.19 million based on the trading price of Global Hemp Group stock at the time the settlement agreement is fully executed before September 30, 2020. The Global Hemp and Marijuana agree that the settlement results in Global Hemp owning 100% of the existing Joint Venture and control of the Scio Oregon Operation and the 109 acre farm. The amount payable on September 30, 2020, will be paid from funds in hand. The Global Hemp also announces that the Company received short term loans in the amount of $0.04 million. These non-interest bearing loans are due and payable on or before November 15, 2020. 