Global Hemp Group Inc. Announces Acquisition Contract With Food Brand HempNatura(R)
May 28 2014 - 9:29AM
Marketwired
Global Hemp Group Inc. Announces Acquisition Contract With Food
Brand HempNatura(R)
SURREY, BRITISH COLUMBIA--(Marketwired - May 28, 2014) - GLOBAL
HEMP GROUP INC. ("GHG" or the "Company")
(PINKSHEETS:GBHPF)(CSE:GHG)(FRANKFURT:GHG) today announced an
agreement to acquire part ownership of start-up food brand
HempNatura®, beginning the development of a full portfolio of
hemp-related brands and services for GHG.
Under the contract, Global Hemp Group will purchase 20 percent
of the HempNatura brand for $250,000 USD, subject to certain
financial conditions, and bring it into the GHG family of
companies. HempNatura, Inc. produces and markets a range of branded
hemp-based foods, supplements, and body care products, capitalizing
on the array of benefits hemp has to offer.
"We are passionate about providing hemp for nutrition, health,
and wellness," said Jim Saunders, founder of HempNatura. "Our
relationship with GHG will help us develop functional foods, and
also introduce value-added raw materials to the larger food
industry."
HempNatura's Scientific Advisory Team will work with GHG to put
nutritionally balanced ingredients on the market that will improve
health and wellness benefits, while the two companies will
collaborate on optimizing their sustainable and responsible
practices. "As an eco-conscious company, HempNatura is extremely
excited about working with Global Hemp Group," said Saunders. "Our
companies share sustainable values, and this is a great opportunity
to share those values with the world."
"This deal was a natural for us," said Global Hemp Group CEO
Charles Larsen. "HempNatura has developed an exceptional line of
products that demonstrate the many ways hemp can improve lives and
the health of the planet. We are excited to use GHG's resources to
grow HempNatura into a major brand." The deal is expected to close
in June 2014.
For more information on HempNatura's products and the health and
well-being benefits of hemp, visit HempNatura.com or see the
attached fact sheet.
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.
To view Global Hemp Group Inc. on the Boerse-Frankfurt
Exchange/XETRA exchange under symbol GHG click
HERE.
To view Global Hemp Group Inc. on the OTC Markets in the
United States under symbol GBHPF click HERE.
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.
Global Hemp Group Inc.Direct: +1.604.592.6881Frankfurt Office:
+49.69.173 226 6672www.globalhempgroup.com
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