NewBridge Global Ventures, Inc. announced that it has signed a joint venture partnership agreement with King Hemp NM, LLC, providing for the formation of King Hemp Farm, LLC (“KHF”), which will cultivate, process and distribute industrial hemp CBD. King to build a processing facility, tissue culture seed breeding center, greenhouses and a lab. The partnership will be using the most advanced genetics and farming techniques and processing the fresh biomass using the Company’s licensed patented water-based energy wave technology. NewBridge will issue to King Hemp NM, LLC, 1.0 million shares of its common stock for a 10-year lease on two 10-acre parcels of land for developing its campus.