Global Hemp Group Updates on Management Cease Trade Order

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

Global Hemp Group Inc. announced an update regarding the Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission, which restricts trading by the company’s officers and insiders but not the public. The company is working to complete its audited financial statements for the year ending September 30, 2024, by March 31, 2025, to lift the MCTO. The company has reported no material changes or additional defaults since the initial announcement and will continue to provide updates through bi-weekly reports.

More about Global Hemp

Global Hemp Group Inc. is engaged in two primary business segments: Industrial Hemp and Health & Wellness (Biopharma). The Industrial Hemp division focuses on environmental applications of hemp, such as construction and sustainable bio-energy, aiming for a carbon-negative footprint. The Health and Wellness division seeks to acquire exclusive licensing for patents and intellectual property. Their R&D division, led by Prof. Víctor M. Castaño, aims to capitalize on opportunities in the industrial hemp sector.

YTD Price Performance: 50.0%

Average Trading Volume: 119,043

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$607.3K

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