Global Hemp Group and Marijuana Company of America Provide Update on New Brunswick Hemp Project
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2018) - GLOBAL HEMP GROUP INC. (CSE: GHG) (OTC Pink: GBHPF) (FSE: GHG) ("GHG" or the "Company") is pleased to provide an update on its New Brunswick Hemp Project with joint venture partner, Marijuana Company of America Inc. (OTC Pink: MCOA) (the "Partners").
Planting of 125 acres of industrial hemp at the New Brunswick Hemp Project, in the northeast portion of the province of New Brunswick (NB), Canada, is now complete.
The Partners are also pleased to announce that an initial collaborative framework with the New Brunswick Department of Aquaculture, Agriculture and Fisheries (DAAF) has been established. The DAAF has awarded a grant of $10,750 to support demonstration projects it will undertake in the current cropping season in New Brunswick. This grant will be directed to three areas of collaboration.
The first area of collaboration will be to study the impact of the European Corn Borer (ECB) on the hemp plant. From the cultivation trial last year, some hemp stalk damage was noted from the ECB. This study will determine if the ECB causes economically significant damage to the crop and will explore control options with further cooperative efforts. Results from this study could potentially benefit the entire emerging industrial hemp industry in NB.
In addition, the DAAF grant will be used to explore correcting soil acidity utilizing slag lime, an abundant resource in the region, and to subsidize the use of modern drone technology to monitor field conditions at the farms.
Hemp varieties chosen this year typically grow taller than six feet, and when planted at field crop densities, make it virtually impossible to scout the entire field on foot and make visual observations of weak spots in the field greater than ten feet from the point of inspection. Because of this, Hawkeye Drone Services (http://hawkeyedroneservices.ca) has been engaged to fly over the hemp farms with drones equipped with multispectral cameras. This will provide a holistic view of a crop's growth, identify issues and better target field scouting. The data collected will also provide soil moisture, temperature, and utilizing specialized software which doesn't require years of background crop evaluations to determine physically stressed or unhealthy areas. Once stressed or unhealthy sections have been identified, a field scouting plan will be designed to pinpoint random representative observation spots. At these locations, soil moisture, pH and weed pressure will all be measured. Hemp emergence and population will also be counted in these areas. These metrics will be utilized in evaluating possible differences in the growing conditions in the event that the CBD content differs in areas of stressed and healthy plants.
DAAF is also conducting a Nitrogen fertility project on a portion of one of the farms. The rates of Nitrogen fertilizer applied to hemp is being tested as a local follow up to research conducted at McGill University.
Global Hemp Group and MCOA look forward to more collaborative efforts with DAAF in the future. Information gained from these various initiatives will improve the management of the crop and benefit all hemp farmers in the region.
The Partners are also pleased to report that in preparation for the pending changes to the legal framework regarding the ability of farmers to process hemp biomass for the extraction of cannabinoids, the Partners have purchased a high capacity hemp dryer for the project. The dryer is expected to be delivered to the New Brunswick facility in early August.
About Global Hemp Group Inc.
Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FSE: GHG), is headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angeles. The Company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the Company's Hemp Agro-Industrial Zone (HAIZ) strategy.
About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name "hempSMART™", that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.
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.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.