Global Hemp Group Inc (OTCMKTS: GBHPF) has announced that it has advanced earnest money for a contract to acquire its third strategic property. The property is obtained as part of the group’s long-term development plan of Green Community which will come up in Hayden, Colorado. The corporate house, it is believed, has set aside advanced earnest money of $2 Hundred Thousand for the acquisition contract.
Important dates related to the acquisition
Depending on the completion of acceptable due diligence on the 664-acre parcel, the earnest money will be considered non-refundable. The deadline is set to be on or before September 30. It has come to light that the purchase deal will be assessed for closure. The company is expected to make the final payments on or before April 1 2022.
The Planned Green Community is implemented in coloration with Western Sierra Resource Corp (OTCMKTS: WSRC). At the project site, water resources can be used to cultivate irrigated industrial hemp. Besides this, the hemp can also be processed on-site. In addition, the construction of carbon-negative housing is built in one single location as part of the company’s master plan.
The group engages several local experts in various fields. The professionals will assist in designing and developing the multiple components of the 874-acre project. In addition, it has come to light that the team is closely working with the Town of Hayden to make sure that the project adheres to the existing agreements and supports the community’s growth and economic objectives.
Headquartered in Vancouver, Global Hemp Group Inc is crafting a growth strategy to become the global leader in developing and promoting the industrial hemp technology industry in the U.S. and beyond.
Green Thumb Industries Inc (OTCMKTS: GTBIF) opens its 65th retail store in the nation
Green Thumb Industries Inc (OTCMKTS: GTBIF) recently announced that the group opened its Rise Bloomfield in New Jersey. The new store is the third store in New Jersey and the 65th retail store in the nation. The company is one of the leading national cannabis consumer packaged goods companies. The group also owns Rise™ Dispensaries.