Vancouver, BC — (October 13, 2021) — GLOBAL HEMP GROUP INC.(“GHG” or the “Company”) (CSE: GHG / OTCQB: GBHPF / FRANKFURT: GHG) is pleased to provide an update on its R&D activities in Mexico. The Company has now completed the incorporation of a Mexican subsidiary. While this is a process that took a significant portion of the year to accomplish, it now provides official status to GHG in Mexico. As an official recognized entity by the Government, the Company is now in a position to participate in more significant collaborations throughout Mexico, as well as pursue its hemp licensing to grow and process hemp material for direct use by the R&D Division. It is expected that the Mexican Senate will approve the hemp and cannabis laws some time during the current legislative session that began in September.
Global Hemp’s First Patent Application
Expansion of R&D Activities
Eco-Friendly Production of Hemp-Based Graphene and Graphene-Related Products
Development of Nanofertilizers
Nano-fertilizers, being composed of nano-sized particles, are small enough to penetrate both the soil and the cellular structures of plants, as well as having enormous surface areas (in the order, in some cases, of thousands of m2 /g). Recent research on nanofertilizers in a number of crops has shown improved seedling germination and growth, physiological activities, gene and protein expression, encouraging their potential use in crop improvement, particularly in hemp.
The implementation of nanoparticles derived from carbon (such as nanotubes, fullerenes and graphene) is being explored by the R&D team as a way to produce improved crops in terms not only of efficiency, but also in term of the molecular properties.
GHG’s R&D team has a wealth of knowledge and expertise in these areas. Prof. Victor Castaño heads the R&D Division and is a recognized international leader in Eco-Materials Science and Engineering. His work has included obtaining novel materials and compounds from natural sources, which include hemp, as well as many other plants such as rice, coffee, sugar cane that have been used to produce new materials and systems. Prof. Castaño is also a pioneer in Nanotechnology in Latin America and one of the most prolific authors in this area in that region, and well known in the international Nanotechnology community. In addition to several articles, he holds a number of patents in nanoscience, including nano structures from carbon, such as fullerenes, nanotubes and graphene. A list of his publications can be found by clicking on the link https://scholar.google.com.mx/citations?user=TF5L-lYAAAAJ&hl=es
A senior member of the R&D team is Mr. Irving Fernández, an expert in innovative methods to produce materials from plants, sea organisms, etc. In particular, he has worked on new ways to produce nanomaterials from natural sources.
Prof. Castaño commented, “UNAM has strong research groups in Materials Science and Engineering, as well as leading groups in Biotechnology which will support GHG research endeavours in the future.
In addition, the Company announces the cancellation and return to treasury of 2,300,000 common shares in the capital of the Company. The shares were originally issued by the Company in conjunction with its Scio Oregon hemp project and were held in escrow by the Company pending the project reaching certain financial milestones for release to certain staff and consultants. As these milestones were not achieved by the project and the Company has now closed its Oregon operation to focus on developing its Green Community in Hayden Colorado, the milestones for release will not be achieved. Therefore, the Company is cancelling the shares and returning them to treasury. With the cancellation of the 2,300,000 shares, the Company will have 305,693,392 shares issued and outstanding.