Global Hemp Group has now finalized the acquisition of Western Sierra Resource Corporation.
"Completion of this transaction paves the way for creation of the Colorado Hemp Agro-Industrial Zone (“HAIZ”) – a Sustainable Green Enterprise in Northwest Colorado and facilitates the Company’s capital formation opportunities," the Global Hemp Group team explains.
"The transaction provides the Company with control of WSRC’s extensive existing water infrastructure developed over the last 15 years and currently valued at more than +US$40 Million. The availability of these water assets is a key resource in the development of the Colorado HAIZ, which is being developed under the banner of Innovative Hemp Technologies (“IHT”), a wholly owned subsidiary of Global Hemp Group. IHT’s core objective is 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. The project will maximize the beneficial use of the water assets through all aspects of the HAIZ. This will complement the project’s onsite development of largescale irrigation and cultivation of industrial hemp and the manufacture of hemp-based construction products and textiles. The project will significantly expand the existing water rights and infrastructure assets while generating multiple revenue streams for the Company. In addition, the project will create significant employment opportunities in the region."
For more information:
Global Hemp Group
#106 – 1169 Mt. Seymour Road, North Vancouver BC V7H 2Y4
424-354-2998
info@globalhempgroup.com
globalhempgroup.com