Global Hemp applies for partial revocation order

Executive Summary

• Global Hemp Group has applied for a partial revocation order from the B.C. Securities Commission to lift its cease‑trade order.
• The company proposes a non‑brokered private placement of up to 16 million units at C$0.025 per unit, targeting gross proceeds of approximately $400,000.
• Proceeds will be used to pay outstanding audit, legal and filing fees, meet operational commitments, and cover ongoing operating expenses while the revocation process is completed.

Key Details

• Regulatory Action: Application to B.C. Securities Commission for a partial revocation order of the cease‑trade order issued on 2025‑04‑15.
• Financing Structure:
• Up to 16 million units at C$0.025 per unit.
• Each unit = 1 common share + 1 common share purchase warrant.
• Warrants allow purchase of one additional common share at C$0.05 for five years post‑closing.
• Gross Proceeds: Approximately $400,000 (CAD).
• Use of Proceeds:
  1. Pay fees to auditors, accountants, legal counsel and other service providers; cover audit, accounting, legal and filing costs needed to file outstanding documents.
  2. Fulfil operational and contractual commitments.
  3. Cover operating expenses to maintain business continuity during the revocation process.
• Hold Period: All securities issued in this financing are subject to a four‑month‑and‑one‑day hold period from the closing date.
• Investor Acknowledgement: Prior to financing completion, investors must receive copies of the FFCTO and partial revocation order and sign an acknowledgment that all securities remain subject to the FFCTO until fully revoked.
• Future Steps: If financing is completed and outstanding disclosures are filed, Global Hemp Group will apply for a full revocation order and request reinstatement of trading on the Canadian Securities Exchange.

Notable Quotes

(No executive quotes were provided in the release.)