Business
Western Sierra Resource Corporation Has Signed an Exclusive Strategic Partnership With Global Hemp Group, Inc.
Western Sierra Resource Corporation Has Signed an Exclusive Strategic Partnership With Global Hemp Group, Inc..
About this update from Western Sierra Resource Corp.
[{"type":"text","content":"\n STEAMBOAT SPRINGS, Colo., Sept. 24, 2020 (GLOBE NEWSWIRE) -- WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) (“WSRC” or the “Company”) confirms that the Company has executed an Exclusive Strategic Partnership Agreement with Global Hemp Group, Inc. of Vancouver, BC (CSE: GHG/OTC: GBHPF/Frankfurt: GHG) to create a sustainable economic zone in Northwestern Colorado. The Partnership has designed a vertically integrated system beginning with industrial hemp irrigation and cultivation; preliminary processing; manufacture of hemp-based (“green”) construction products; and fabrication of affordable homes utilizing those products all from a central campus and adjacent to the hemp farm and known as a Hemp Agro-Industrial Zone (HAIZ). In keeping with the Company’s mission of natural resource development and conservation, a plan has been implemented to utilize the Company’s experience in cultivation and processing to also embark on large scale endeavor to produce industrial hemp for manufacture of building materials and textiles. This Partnership allows the Company to combine its expertise with that of experts in the utilization of organically produced hemp fiber and hurd for manufacture of “green” alternatives to traditional construction components. Traditional products such as concrete, lumber, plastic, fiberglass insulation, structural panels, interior wall board, exterior siding, wood and laminate flooring, wood cabinets, countertops, and asphalt roofing components may all be replaced with products manufactured from hemp. The Company may now approach the quality construction of affordable homes using a renewable resource as a substitute for traditional building materials—using materials that sequester, rather than produce, CO2. The Company’s strategic partnership with Global Hemp Group, Inc. combines extensive experience with massive opportunity. The Partnership will benefit from WSRC’s $40 million in existing water and infrastructure to irrigate hundreds of acres of quality organic industrial hemp cultivars using a series of strategic land acquisitions to create multiple revenue streams. The Partners have begun to accumulate long-term real estate assets and to enhance their value through the expansion of infrastructure and industrial hemp production and pr...