Global Hemp Group Inc.

April 23, 2014 09:00 ET

Global Hemp Group Forges African Association

SURREY, BRITISH COLUMBIA--(Marketwired - April 23, 2014) - GLOBAL HEMP GROUP INC. ("Global Hemp Group" or the "Company") (CSE:GHG)(FRANKFURT:GHG)

Global Hemp Group Inc. announced today a new cooperation with African Frontier Partners for economic development and environmental stewardship in sub-Saharan Africa. AFP is an advisory/investment management firm engaged in providing and structuring debt/equity finance for clients in the middle market category, government owned enterprises and not-for profit organizations operating in Africa.

Working in cooperation with AFP to forge key relationships in order to gain the necessary regional support and regulatory approval, GHG plans to develop large-scale Industrial Hemp cultivation and processing facilities in Kenya, Ethiopia, Nigeria, and Ghana. Additionally significant research and development is planned in conjunction with local universities specializing in pharmacological and agricultural studies.

Clement Aboge, the managing partner at AFP says, "AFP is very excited to partner with GHG in Africa. We believe there are significant synergies and that the promotion of the Industrial Hemp Industry, research, and farming will have significant Social impact and lift millions of People out of Poverty on the African continent, a subject we are extremely passionate about. AFP 's vision has always been to tap into the experience, brain trust and expertise of its partners in the west with a goal of attracting meaningful capital investment and innovation into the African continent. We are therefore quite pleased to forge an alignment and collaboration with GHG to achieve its goals. We believe this effort will result in high social and environmental impact, including empowering women [and children/families], and enabling millions to live in dignity, as well as providing positive environmental impact through the restoration of farmlands and reducing the carbon foot print of the African Continent."

On behalf of the Board of Directors

Charles Larsen, Chairman & CEO


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

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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
    Direct: +1.604.592.6881
    Frankfurt Office: +49.69.173 226 6672