Global Hemp Acquires Water Rights With Plans For Hemp Building Materials

Global Hemp Group Inc.  ( OTC:GBHPF ) signed a Definitive Agreement with Prescient Strategies Group LLC to acquire all of its Western Sierra Resource Corporation (OTC: WSRC) Preferred A Class Share holdings in a private, third party transaction. The deal is expected to close on or about February 9, 2021 upon fulfillment of certain conditions including:

  • – WSRC restructuring certain unsecured debt prior to the issuance of the GHG Prefs;

    – GHG providing the necessary initial payments to complete the transaction and other Debt Restructuring (completed).

The company said in a statement that the resulting acquisition of these WSRC Prefs will give GHG control over WSRC, and specifically its strategic water infrastructure assets that will be an integral part of the Company’s Colorado Hemp-Agro Industrial Zone project. Documented historical valuations of the 4,000-acre feet of water rights and associated infrastructure are based on 2013 and 2015 MAI appraisals and engineering reports, which collectively support a value ofS$40,000,000 or higher. GHG has contracted a third party valuation of this initial assessment value to support such appraisal.

The Colorado HAIZ will be developed under the banner of Innovative Hemp Technologies. IHT’s core objective; to develop “green” and “affordable” homes in a Planned Unit Development utilizing hemp-based construction materials to meet historical pent-up demand in the area, which will include the development of large scale irrigation and cultivation of industrial hemp, and the manufacture of hemp-based construction products and textiles. This will significantly expand the existing water rights and infrastructure assets while generating multiple revenue streams for the Company.

By utilizing a campus setting like that of the HAIZ, the company said it will efficiently implement these vertically integrated functions (water, agriculture, processing, housing). Proven industry professionals have been engaged to work alongside IHT’s management in the areas of agriculture, R&D, manufacturing, and construction to achieve the Company’s objectives.

Execution of the HAIZ project will create substantial shareholder value through the incremental introduction of additional (multiple) revenue streams to meet IHT’s objectives and set GHG on a path to become a leader in sustainable hemp-based “green” construction in the United States. The Colorado “HAIZ” will become a “showcase” project to demonstrate “green” hemp construction products and technologies for third-party offtake and for replication in other suitable U.S. markets.

The project will leverage the existing water rights and infrastructure to turn “dry land” farming acreage into irrigated land with valuable water rights that can subsequently be used to develop “affordable housing” and high-value agricultural crops such as industrial hemp. GHG’s vision is to take the hemp grown onsite and replace as much of the conventional building materials used at the project with sustainable, hemp-based building materials used in the housing development. This project contemplates a 25-year build-out. The luxuries of a long-term project with demonstrably high demand are:

  1. a) economies of scale;
  2. b) opportunity to implement learned efficiencies;
  3. c) opportunity to continually fine-tune product offerings though intimate familiarity with a specific market;
  4. d) access to new markets stemming from other by-products of the hemp processing, such as fibre and microfibre.

One comment

  • Greencare420

    April 24, 2021 at 6:14 am

    Medical Marijuana Packaging — Cannabis Packaging for Many Different Products

    As an increasing number of states continue to legalize marijuana for medical and recreational purposes, more innovations in medical marijuana packaging are coming to market. Dispensaries, extractors, and producers of these products now have many packaging options to stand out from the competition and appeal to consumers.

    BEST PRACTICES FOR PACKING MARIJUANA PRODUCTSIf you want to develop high-quality medicinal or cherry punch strain packaging, you should consider certain recommended practices. These include:

    Distinguish your brandOne of the most important aspects of marijuana packaging is making sure that your brand sets itself apart from others with value-added packaging. You want people to instantly recognize your products without mistaking them for others, and create an appearance that is uniquely theirs. This could include everything from a recognizable logo and colour scheme to unusual packaging shapes.

    Educate customersAnother consideration for marijuana packaging is educating your customers. Customers must know exactly what they get with their product. The educational package could present mandatory information about the content of the state, along with other details about your company and what distinguishes its products.

    Communicate qualityQuality is another element that you want to establish among your consumer base. High-quality packaging materials, including odour-proof containers that are safe and easy to use, will help improve your company’s reputation for producing some of the best products on the market. Attractive designs and printed labels will further cement your brand as a source of quality.

    Protect productsMany marijuana products are fragile in nature and it is important to ensure that their marijuana packaging is strong and protective in order to maintain the quality and integrity of the product. Whether it is a vial or an edible product, it is important that the packaging serves as a protective barrier to ensure that consumers receive high-quality products.
    PERSONALIZED MARIJUANA PACKAGING VS. STANDARD PACKAGING While you may want to consider standard packaging, particularly when starting as a new business, there are certain benefits of getting custom marijuana packaging that you won’t find with standard packaging. For example, standard cherry punch strain generally features an indescribable design that limits creativity and will make products look more generic. On the other hand, custom marijuana packaging can give you many options when it comes to colours, logos, sizes, and other specifications based on your specific business needs.
    Ultimately, with the use of custom packaging designs, it will give your business and products a much greater opportunity to stand out from the competition and be instantly recognized by customers.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss This Week's Exclusive News

Our team will cultivate the cannabis industry’s critical news and deliver it directly to your inbox every Friday. Don't miss it. Subscribe Now.

We respect your privacy. See our privacy policy.


About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE


Back to Top