Global Hemp Group Inc. announced that it has closed the transaction to acquire a strategic commercial/industrial property in northwest Colorado (as announced on May 10, 2021). GHG has advanced USD 150,000 as a down payment on the property, with three equal payments equally spaced over the next 18 months, for a total acquisition price of USD 1.4 million. This 44 acre multi-use property will be the site of the Hemp Agro-Industrial Zone (HAIZ) manufacturing facility which will initially be focused on hemp-based building materials utilized at the Company's initial Planned Unit Development in northwest Colorado. Over time, the Company expects to expand the manufacturing focus to encompass the use the fibre from the hemp plant, in addition to the hemp hurd that will be used in the building materials. The Colorado HAIZ is an exciting opportunity to implement the Company's vision of building an entire "green" and "sustainable" community utilizing and showcasing hemp- based building materials and as many green economy technologies as possible, to attract and support green community stakeholders, Government and industry support and partnerships. With the advancement on the above two properties, the Company is now working with Land Planning and Engineering firms to develop the Company's vision for the project. Initial meetings have taken place with the City Planning Department to discuss the project and establish specific design parameters for approval.