GLOBAL HEMP GROUP MEXICAN OPERATIONAL UPDATE

CANNANNEW REPORT

  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 The Company is also pleased to announce that it has engaged a group of Mexican and U.S. patent attorneys to complete the necessary paperwork to file the Company’s first patent created by the R&D Division. The patent relates to a new method to produce a hemp-based composite material that would be used in the construction industry as a replacement for Medium Density Fibreboard (MDF). More information will be released on this project once the necessary documentation is filed at the U.S. Patent and Trademark Office. Expansion of R&D Activities R&D is an extremely important segment of the Company’s business. On August 24, 2021, GHG announced the signing of a Collaboration Agreement with the National Autonomous University of Mexico (Universidad Nacional Autonoma de Mexico – UNAM), one of the leading Spanish-speaking universities of the World and the most prestigious Latin American educational institution. This collaboration allows GHG access to state-of-the-art laboratory facilities at the university, as well as…

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Source : GLOBAL HEMP GROUP MEXICAN OPERATIONAL UPDATE

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