Global Hemp ( (TSE:GHG) ) has shared an announcement.
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 company insiders but not the public. The company is working to complete its audited financial statements for the fiscal year ending September 30, 2024, and expects to file the necessary documents by March 31, 2025. The MCTO will remain until these filings are completed and approved. The company assures stakeholders that there have been no material changes or additional defaults since the initial announcement and will continue to provide updates bi-weekly.
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 such as hemp construction and sustainable bio-energy, aiming for a carbon-negative footprint. The Health and Wellness division targets the acquisition of exclusive patents and intellectual property. The company’s R&D division, led by Prof. Víctor M. Castaño, is dedicated to exploring opportunities in the industrial hemp sector.
YTD Price Performance: 75.00%
Average Trading Volume: 116,957
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$850.2K
Find detailed analytics on GHG stock on TipRanks’ Stock Analysis page.