New Green Hemp Inc.
NGHI
Other OTC1.92
USD
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New Green Hemp Inc.
NGHI
(Other OTC)
Recent
price
1.92
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- New Green Hemp Inc. is a hemp cultivation, processing, and development company focused on acquiring and growing businesses across the hemp ecosystem to develop, scale, and finance synergistic ventures. The firm specializes in cultivating hemp and producing hemp-derived products for industrial, medicinal, and wellness applications, and pursues vertical integration through product development and strategic partnerships across its operating divisions. NGHI emphasizes expanding B2B supply chains and consumer-facing offerings, with a portfolio structure that includes areas such as cultivation, product development, and distribution of hemp-based goods. Founding year and headquarters: founded in 2013, headquartered in Tallahassee, Florida. Geographic footprint spans the United States, with operations and partner networks in key markets including Florida and other U.S. regions. The company maintains a focus on scalable growth through alliances, acquisitions, and internal product launches to broaden its hemp product categories and distribution channels. Main products and services: - Hemp cultivation and raw material supply: standardized cultivation of hemp for biomass, fibers, and cannabidiol (CBD) and other cannabinoid-rich derivatives; supply to laboratories, manufacturers, and brands. - Hemp-derived product development: formulation and development of hemp-based wellness, nutraceutical, personal care, and medicinal products; includes CBD oils, tinctures, topicals, and other derivative products. - B2B production and contract manufacturing: large-scale processing for labs and manufacturers, including extraction, refining, and formulation services; contract manufacturing for third-party brands. - Brand and product line development: creation and expansion of consumer-facing hemp products across health, wellness, and lifestyle categories; private-label and white-label solutions for retail and digital channels. - Distribution and logistics: end-to-end supply chain services enabling national and regional distribution of hemp products to wholesalers, retailers, and direct-to-consumer channels. - Strategic partnerships and financing: active pursuit of partnerships to scale hemp cultivation, processing capabilities, and product commercialization; includes financing support and incubation for synergistic ventures. Latest major company changes: - Rebranding and corporate identity shift from its prior Galenfeha, Inc. name to New Green Hemp Inc., reflecting a broader strategic emphasis on the green hemp ecosystem and expansion beyond traditional banking and pharmaceutical interpretations. - Strategic alliances and partnerships intended to broaden cultivation capacity, product development capabilities, and distribution reach across domestic markets. - Expansion initiatives aimed at increasing hemp cultivation footprint, accelerating product launches in wellness and medicinal sectors, and enhancing B2B manufacturing capabilities. - Ongoing evaluations of acquisitions and joint ventures designed to create integrated platforms for cultivation, extraction, and consumer distribution. - Operational refinements over the past 1–2 years to align organizational structure with its DSF (developing, scaling, financing) model and to support scalable growth in the hemp economy. Industry context and segments: - Industry: Hemp and cannabinoid products, with exposure to agricultural production, processing, and consumer health and wellness markets. - Business segments: cultivation and supply; product development and formulation; contract manufacturing and processing; brand development and consumer distribution; strategic partnerships and financing. - Target markets: industrial labs, nutraceuticals and personal care brands, wholesale distributors, and direct-to-consumer retail channels. Subsidiaries and parent relationships: - Formerly operates under the Galenfeha brand; corporate identity now aligned under New Green Hemp Inc. with continued focus on hemp cultivation and product development. - The corporate structure supports DSF objectives, with potential for affiliated ventures and joint projects within the hemp ecosystem. Notes: - The company maintains a public-facing profile on OTC markets under the NGHI ticker, reflecting its ongoing evolution and repositioning in the hemp sector. The latest public disclosures highlight a pivot toward broader green hemp strategies, strategic partnerships, and product expansion to support a diversified hemp economy.
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