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Global Hemp ( (TSE:GHG) ) just unveiled an announcement.
Global Hemp Group Inc. has applied for a partial revocation order from the British Columbia Securities Commission due to a failure-to-file cease trade order issued in April 2025. The company plans a non-brokered private placement financing to raise approximately $400,000, which will be used to cover operational expenses and outstanding document filings. This move aims to ensure business continuity and eventually lead to a full revocation of the cease trade order, allowing the resumption of trading on the Canadian Securities Exchange.
More about Global Hemp
Global Hemp Group Inc. is focused on two key business segments: Industrial Hemp and Health & Wellness (Biopharma). The Industrial Hemp division emphasizes environmental applications of hemp for construction and sustainable bio-energy, contributing to a carbon-negative footprint. The Health and Wellness Division aims to acquire exclusive licensing of patents and intellectual property. The company’s R&D Division, led by Prof. Victor M. Castaño, seeks to capitalize on opportunities in the industrial hemp sector.
Technical Sentiment Signal: Sell
Current Market Cap: C$485.8K
For a thorough assessment of GHG stock, go to TipRanks’ Stock Analysis page.