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Closing of this Transaction Paves the Way for Creation of the Colorado Hemp Agro-Industrial Zone - a Sustainable Green Project in Northwest Colorado Vancouver, BC (MARCH 5, 2021) GLOBAL HEMP GROUP INC. ( GHG or the Company ) (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) GHG) is pleased to announce that the Company has now finalized its Definitive Agreement (see news release of February 8, 2021 for further details) by satisfying all conditions precedent to close the transaction with Prescient Strategies Group, LLC ( PSG ). The Company s closing is now in process and expected to be completed with the exchange of PSG s Western Sierra Resource Corporation ( WSRC ) (OTC: WSRC) Preferred Series A and GHG s Preferred Series B Stock. The transaction provides the Company with control of WSRC s extensive existing water infrastructure developed over the last 15 years and currently valued at more than +US$40 Million. The availability of these water assets is

United statesBritish columbiaCurt huberSierra resource corporationUnit developmentGlobal hemp groupPrescient strategies groupTransaction pavesColorado hemp agro industrial zoneSustainable green projectNorthwest coloradoDefinitive agreementPreferred seriesSustainable greenInnovative hemp technologiesGlobal hemp