Multi-billion Dollar Cannabis Space Continues to Accelerate into Unprecedented Growth Levels - Seite 2

Greenhouses - The team has now completed the setup of the first four of five greenhouses, giving the project 15,000+ sq. ft. of active greenhouse space for its drying and cloning operations. A fifth greenhouse (already purchased) will be installed after the drying of this year's crop is complete. This will increase the active greenhouse space at the project to over 19,000 sq. ft. An additional 20,000 sq. ft. of greenhouse space will be purchased in October as part of further project expansion, with the vision of implementing a year-round perpetual harvest model to enhance revenue generation and cash flow, and increasing the size of the cloning operation to be able to supply clones to the local farming community.

The team has now started its cloning operations for the winter crop which will utilize the current and future greenhouses. Management is exploring opportunities to maximize production by developing beneficial relationships that will help optimize the Project's profit potential through R&D, data collection and analysis. Read this and more news for Global Hemp Group at http://www.financialnewsmedia.com/news-ghg

Other recent developments in the cannabis industry include:

HEXO Corp. (TSX:HEXO.TO) (OTCPK:HYYDF) recently announced that it has shipped its first order for the Canadian adult-use cannabis market. The shipment is yet another example of the Company executing its commitment to shareholders and consumers to supply innovative and easy-to-use products, powered by HEXO, across Canada. "This is a historic moment for HEXO," said Sonia Isabel, Vice-President of Sales for HEXO. "We are so proud of all of our teams for the hard work that they have put in leading up to this moment, but it doesn't stop now. We look forward to continuing to provide high-quality products and client experiences as we continue our expansion throughout Canada and beyond."

Golden Leaf Holdings Ltd. (CSE:GLH.CN) (OTCQB:GLDFF)last week announced its 100 percent-owned Canadian subsidiary Medical Marijuana Group Corporation ("MMG"), a Licensed Producer in St Thomas, Ontario received its Sales License from Health Canada on Friday September 21, 2018. The news is a significant milestone for the Canadian LP. Asked for comment, President of MMG Phillip Millar said, "We are thrilled with the news. All of our product in inventory will move immediately to buyers and could contribute approximately US$900,000 to third quarter GLH revenue. All 2018 product we can grow is already pre-sold under very favourable wholesale pricing. Our plan for 2019 is to secure direct-to-customer licensing and supply the profitable medical patients' market with the assistance of our sister company MMC, also 100 percent-owned by GLH, which currently has patient lists that can account for 100 percent of our production capacity. We expect the complete value chain of seed to consumer will result in high profit margins.