GHG Secures Key Patents to Advance Hemp-Based Cancer Treatments and Expand its Footprint

Hemp is a versatile and eco-friendly plant belonging to the Cannabis sativa species. It has been cultivated for thousands of years for its fiber, seeds, and oil, which have numerous industrial, nutritional, and medicinal applications. Hemp is often confused with cannabis, but it contains only trace amounts of THC (less than 0.3%), the psychoactive compound found in cannabis. Here are some of the primary uses of the hemp plant:

Fiber: Hemp fibers are strong, durable, and versatile. They can be used to produce textiles, clothing, rope, and canvas. Hemp fiber is also used in the production of paper, biodegradable plastics, and building materials like hempcrete, a mixture of hemp hurd and lime used for construction and insulation.
Seed: Hemp seeds are highly nutritious and can be consumed whole, ground into flour, or pressed into oil. They are rich in protein, essential fatty acids (omega-3 and omega-6), vitamins, and minerals. Hemp seeds are used in various food products, such as protein powder, granola, snack bars, and non-dairy milk.
Oil: Hemp seed oil is extracted from hemp seeds and is an excellent source of essential fatty acids and antioxidants. It can be used for cooking as salad dressings, or as a nutritional supplement. The oil is also utilized in the production of eco-friendly paints, varnishes, and lubricants, as well as personal care products like soap, shampoo, and skincare items.
Medicinal purposes: Depending on the variety grown, Hemp can be rich in cannabidiol (CBD) and other cannabinoids, non-psychoactive compounds known for their therapeutic benefits. CBD can be extracted from the flowers and leaves of the hemp plant and taken by people with various medical conditions, such as chronic pain, inflammation, anxiety, epilepsy, and neurodegenerative disorders.

Animal bedding: Hemp hurd, the woody core of the hemp plant, is highly absorbent, making it suitable for animal bedding. It is used for horses, poultry, and other small animals, as it offers better insulation and is more comfortable than other bedding materials.
Biofuel: Hemp can be used to produce biodiesel and bioethanol, which are eco-friendly alternatives to fossil fuels. Hemp-derived biofuels have the potential to reduce greenhouse gas emissions and contribute to a more sustainable energy future.
Soil remediation: Hemp has the ability to remove toxins, heavy metals, and contaminants from the soil through a process called phytoremediation. This makes it an effective tool for cleaning polluted land and improving soil health.

Given all of the above uses, hemp becomes an essential plant in so many areas of application. With that in mind, the Global Hemp Group was founded to bring those benefits to people and industries.

Global Hemp Group is focused on developing and promoting hemp-based products that are sustainable, environmentally friendly, and have a positive impact on society. These versatile materials that can be utilized across various sectors, including automotive, construction materials, biocomposites, energy-related industries, food, nutritional supplements, and nutraceuticals, as well as pharmaceutical markets.

The company has established an R&D Division, led by a specialized scientist, to develop intellectual property that can be patented for implementation in their projects and beyond. The R&D team plans to initially focus on developing environmentally friendly construction materials, nanofertilizers, and enhanced extraction from hemp. Additionally, GHG has expanded into natural biologic therapeutics by acquiring exclusive licensing of patents and IP from Apollon Formularies plc, a UK-based pharmaceutical company specializing in cancer treatments using natural biologics, including cannabinoids and mushrooms. GHG plans to sub-license this IP throughout North America where legally permitted. The market is large, and the Global Hemp Group is tapping into a huge opportunity.

According to Grand View Research, the global industrial hemp market size was estimated at US$4.74 billion in 2022 and is expected to grow at a CAGR of 17.1% from 2023 to 2030. The growth is driven by rising demand for industrial hemp in industries such as food & beverage, personal care, and animal care. Industrial hemp production offers agricultural and environmental benefits, including fast growth, high biomass yield, and carbon sequestration.

Growing awareness of hempseed’s dietary advantages and demand from the cosmetics and personal care industries contribute to market growth. Hemp fiber is beneficial for livestock bedding, oil & gas cleanup, and personal hygiene products. Increasing product demand in textile, paper, and building materials markets is also driving growth due to favorable acoustic and aesthetic properties.

Hemp products are eco-friendly and renewable, with fewer harmful preparation methods. Paper produced from hemp fiber requires fewer chemicals for processing. In 2022, hemp seeds, which were part of the broader industrial Hemp market that included fiber and shives, contributed to over 28% of the global revenue. The increased usage of hemp seeds in the food, nutraceutical, and cosmetic markets has been a key factor in this growth. Hemp fibers are used in various applications due to their lightweight, superior strength, biodegradability, and thermodynamic properties. Hemp shives, with numerous industrial applications and lower costs, are expected to drive market growth over the forecast period.

Global Hemp Group (GHG) has acquired an exclusive perpetual license for certain intellectual property and proprietary formulations from Apollon Formularies, Plc, covering four key patents for cancer and inflammation treatment using natural biologics. GHG plans to sublicense the IP in North America and has engaged Dr. Stephen D. Barnhill as a Special Medical Advisor. The license covers Canada, the United States, Mexico, the European Union, Morocco and Israel.

The company has fulfilled its first stage obligations under the Letter of Intent (LOI) and the Exclusive Licensing Agreement with Apollon Formularies, advancing a final payment of US$150,000. GHG is discussing sublicensing the IP with legally licensed partners in the United States and Canada, and has executed its first non-exclusive sublicense agreement with a Florida group specifically for online eCommerce sales of the Apollon Branded products including both functional mushroom and hemp-based products. The products will include Apollon’s unique patent protected mushroom/hemp-based combination product line. The Company is now working to complete due diligence on Apollon’s assets to determine if it will acquire the entirety of the Apollon assets upon completion of the due diligence.

Quebec, by combining hemp-based construction with eco-friendly materials. The pilot project consists of a six-unit building made of hempcrete blocks and carbon-negative concrete panels, aiming to capture and avoid CO2 emissions. GHG is working with BGA Architects and HECO Innovation to implement the project, which aims to provide low-cost housing for low-income seniors, visible minorities, and single-mother households.

The project is part of GHG’s Hemp Agro-Industrial Zone (HAIZ) initiative, which seeks to minimize transport and carbon emissions in hemp-based housing materials production. In collaboration with local affordable housing authority Innov Habitat Victo and Université de Sherbrooke’s civil engineering department, the team will gather data on the building’s performance and explore alternatives to cement and steel rebars in concrete structural elements.

The project has been submitted for funding under Canada Mortgage and Housing Corporation’s Housing Supply Challenge, with successful applicants receiving up to $150,000 for project design and feasibility, which will allow the project to be entered into the final round of funding for a share of the $37.5 million allocated to the successful applicants.

Global Hemp Group’s Hemp Agro-Industrial Zone (HAIZ) strategy focuses on utilizing the hemp plant’s properties to produce raw materials and value-added products in a centralized location. The HAIZ concept promotes collaboration, rural development, job creation, and environmentally-friendly processes. Farming contracts under the HAIZ model ensure higher returns and stable revenues for farmers while promoting sustainable farming practices. Research and development plays a vital role in identifying the best practices for hemp production and industrial processes, as well as developing new cultivars and farming practices suited for target areas and end products.

The Global Hemp Group is well-positioned to capitalize on the substantial growth anticipated across the various markets in which it operates. Its strong emphasis on research and development, along with its patent portfolio, sets it apart from competitors in the industry. As the company expands its scientific endeavors and production capabilities, it is expected to establish itself as a prominent brand in the near future. Furthermore, the advantages of the hemp plant have the potential to enhance patients’ quality of life and treatment outcomes. Harnessing the benefits of hemp could transform the lives of many individuals and hopefully, we will witness that soon.