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Financings

Global Hemp Group Applies for Partial Revocation Order and Announces Proposed Financing

By The Northwire Desk — AI Analysis Oct 09, 2025 · 09:30 GHG · 0.02 Global Hemp Group Inc.
GHG · Price

Executive Summary

  • Global Hemp Group Inc. has applied to the British Columbia Securities Commission for a partial revocation of its cease‑trade order issued on April 15, 2025.
  • The company plans a non‑brokered private placement of up to 16 million units at $0.025 per unit, targeting gross proceeds of approximately $400,000.
  • Proceeds will be used to pay audit, accounting, legal and filing fees, meet operational commitments, and cover operating expenses while the company works to lift the cease‑trade order.

Key Details

  • Partial Revocation Application: Request submitted to BCSC for a partial revocation of the FFCTO; full revocation remains pending.
  • Proposed Financing Structure:
  • Up to 16,000,000 units at $0.025 per unit → ≈ $400,000 gross proceeds.
  • Each Unit = 1 common share + 1 warrant (exercise price $0.05, exercisable for five years).
  • 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 continuous‑disclosure documents.
    2. Fulfil operational and contractual commitments.
    3. Satisfy ongoing operating expenses to ensure business continuity.
  • Holding Period: All securities issued will be subject to a four‑month‑and‑one‑day hold period from the closing date.
  • Investor Acknowledgement Requirement: Prior to financing, each investor must receive copies of the FFCTO and Partial Revocation Order and sign an acknowledgement that all securities remain subject to the FFCTO until fully revoked.
  • Forward‑Looking Statements Disclaimer: Includes typical cautionary language regarding risks related to filing outstanding documents, regulatory approvals, completion of the financing, and broader market conditions.

Notable Quotes

(No direct quotes from executives were included in the release.)

Read the original news release →

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Oct 09, 2025 · 19:48

Global Hemp applies for partial revocation order

Financings