Global Hemp Group Inc. announced a non-brokered private placement of up to 8,970,740 common shares at a price of CAD 0.05 per common share for gross proceeds of up to CAD 448,537 on October 16, 2023. The transaction is scheduled to close in one or more tranches with the final closing no later than November 29, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. The company may pay to certain finders a cash commission up to 8% of the gross proceeds of the offering resulting from subscribers introduced by such finders, and issue to such finders common share purchase warrants, exercisable for a period of two years at an exercise price of CAD 0.05 following the closing of the offering, to acquire in aggregate that number of common shares which is up to 8% of the number of common shares sold under the offering attributable to the finders.