Global Hemp Group Inc (OTCMKTS: GBHPF) recently announced the conclusion of its non-brokered private placement. As a result, the company sought the services of various consultants to aid in the launch of its recent project.
Global Hemp intends to develop a Securitized Token that funds the creation of the company’s green community. The green community is located in Hayden, Colorado, making it accessible.
Global Hemp partners with Western Sierra Resource Corporation (OTCMKTS: WSRC)
Other projects conducted by the company include its partnership with Western Sierra Resource Corporation (OTCMKTS: WSRC) to create a green community. The green community utilizes sufficient irrigation means to cultivate industrial hemp products. In addition, the company’s facility develops viable products and creates affordable carbon-neutral housing placed in a single location.
Details of the placement
The company creates a private placement of 60,000,000 units at an estimated $0.022 per unit. Global Hemp also intends to add a common share to each consumer’s unit. Consumers can purchase a common share from the company at $0.05 per share.
Other factors added to the company’s units and shares include a share purchase warrant. As a result, global Hemp anticipates that the total proceeds of the sold units accumulate to $1,320,000 and shall run to 8th September 2023.
Following the conclusion of the hold period, the company will place the warrants on the CSE trading platform and trade under identical company provisions. The warrants purchase price is estimated to be $0.12 per share.
However, Global Hemp placed the disclaimer that if the purchased shares, it shall reserve the option to accelerate the holding period. In addition to the acceleration, the company will issue notices to the consumers informing them of the alterations.
The company created a multi-phased strategy to be among the leading companies in the country’s hemp industry. With its headquarters in British Columbia, Global Hemp pivots on creating green value products such as capsules and others.
The company is developing the current hemp product phase that uses various merchantable methods to sell its expenses. Global Hemp will present its products in Hayden, Colorado, during the Colorado Hemp Agro-Industrial Zone.