Global Hemp Group Inc.

April 15, 2014 13:10 ET

Global Hemp Group Enters Into Exclusive Off Take Agreement

SURREY, BRITISH COLUMBIA--(Marketwired - April 15, 2014) - GLOBAL HEMP GROUP INC. ("Global Hemp Group" or the "Company") (CSE:GHG)(FRANKFURT:GHG) has received an exclusive 5 year off take agreement from HempNatura, Inc. In this agreement, Global Hemp Group guarantees delivery of processed hemp, seed, oil and cake to be used in the preparation of HempNatura's food, beverage, body care, cosmeceutical and nutraceutical products. This agreement will provide HempNatura with a consistent supply as they ramp up sales and distribution of their high quality finished products.

Jim Saunders, HempNatura, Inc., CEO says, "We are impressed with the quality control standards and the unique value added proposition Global Hemp Group Inc. offers HempNatura."

Global Hemp Group received the first purchase order from HempNatura for 10,000 kg of hemp oil and 27,000 kg of hemp meal. This order is to be delivered from the 40 metric tons of raw hemp seed Global Hemp Group recently purchased and is shipping to processors today.

"We are pleased to be the exclusive supplier for HempNatura and look forward to working with Jim Saunders as they expand their product line and market penetration," said Charles Larsen, CEO.

On behalf of the Board of Directors

Charles Larsen, Chairman & CEO

Frankfurt 49.69.173 226 6672

About HempNatura, Inc.

We believe that optimal health is the result of balanced living-the natural symmetry of the body, heart, brain and planet. We are passionate about natural nutrition, health, and wellness through plant based living. We strive to explore the alternatives optimal for a healthy life and sustainable planet. We are active in the pursuit of natural ingredients effective for balanced living. And, we are proud to share it.

To view Global Hemp Group, Inc. on the Canadian Securities Exchange under symbol GHG click HERE.

To view Global Hemp Group, Inc. on the Boerse-Frankfurt Exchange/XETRA exchange under symbol GHG click HERE.

U.S. investors can purchase under symbol "GHG" on the Canadian Securities Exchange or on the Boerse-Frankfurt Exchange and XETRA Exchange. These shares are made available through your preferred U.S. Stock Broker.

This press release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or unless an exemption from such registration is applicable.

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 CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Global Hemp Group Inc.
    Charles Larsen
    Chairman & CEO