Global Hemp Group Appoints New Director and Updates on Trade Order

Global Hemp ( (TSE:GHG) ) has issued an update.

Global Hemp Group Inc. has appointed Geoffrey Baker to its Board of Directors, bringing extensive experience in natural resources and finance to the company. This appointment is expected to enhance the company’s business initiatives, particularly in finance. Additionally, the company provided an update on the Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission, which restricts trading by company insiders while allowing public trading. The company is working to finalize its overdue financial documents to comply with statutory requirements and aims to resolve the MCTO soon.

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 uses of hemp for construction and sustainable bio-energy sources, aiming for a carbon-negative footprint. The Health and Wellness Division focuses on acquiring exclusive licensing of patents and intellectual property. Their R&D Division, led by Prof. Víctor M. Castaño, leverages opportunities in the industrial hemp sector.

YTD Price Performance: 25.00%

Average Trading Volume: 102,802

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$485.8K

For a thorough assessment of GHG stock, go to TipRanks’ Stock Analysis page.