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Welcome to our dedicated page for GENH news (Ticker: GENH), a resource for investors and traders seeking the latest updates and insights on GENH stock.

Evergreen Sustainable Enterprises, Inc. (GENH), based in Dallas/Fort Worth, is a sustainable asset company operating primarily in the Bitcoin mining and hemp industries. The company has recently commenced mining operations for 240 new Bitmain S19J Pro+ ASIC miners, powered by a hydroelectric dam located near San Jose, Costa Rica. This facility provides fully sustainable, green energy at a cost of approximately $0.02 per kWh, making it highly cost-efficient.

With a hash rate of 122TH/s and a power efficiency of 27.5 J/TH, the company’s miners are among the most powerful and energy-efficient models available today. Financial projections indicate that the company can break even with a Bitcoin market price as low as $10,145, while recent market prices have hovered around $30,000, creating a substantial profit margin.

In addition to its Bitcoin mining operations, Evergreen Sustainable Enterprises is also involved in the hemp industry. The company utilizes proprietary technology to dry, clean, process, and store hemp in western Kentucky and Denver, Colorado. Furthermore, the company owns and leases real estate for seed storage facilities within the greater Denver area.

Recent achievements include collaborative efforts with their Costa Rican partner to perform comprehensive maintenance and refurbishment of their hydroelectric dam, generators, internet, and operating facilities. Future development plans involve expanding Bitcoin mining operations to Arkansas, Kentucky, and additional locations in Costa Rica.

Evergreen Sustainable Enterprises continues to seek low-cost power opportunities both in Costa Rica and within certain states in the USA where stranded power assets exist. This focus on sustainable energy sources aligns with the company’s commitment to green energy solutions.

For more information, contact Melissa M. Pagen at (310) 628-2062 or via email at mpagen@egsustainable.com.

Rhea-AI Summary

Generation Hemp, Inc. (OTC-PINK: GENH) announced its sponsorship of the Texas Hemp Convention in Dallas, Texas, scheduled for November 20-21. The event will feature over 300 exhibitors from the hemp industry and 90 educational sessions at the Kay Bailey Hutchison Convention Center. CEO Gary C. Evans will present on industrial hemp applications on November 20 at 11:00 AM. Attendees can arrange meetings with executives via email. The company operates in the midstream hemp sector, focusing on processing and storage.

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Generation Hemp has launched its new Rowdy Rooster Hemp animal bedding line, available on Amazon and their Shopify website. The bedding, made from Hemp Hurd, a byproduct of the company's hemp processing, supports a sustainable operation and adds a new revenue stream. Priced competitively at approximately $1.50 per pound, it offers superior absorbency and low dust compared to traditional bedding. The product aims to capitalize on limited market exposure in the U.S. while positioning the company as a leader in the hemp bedding market.

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Generation Hemp, Inc. (OTC-PINK:GENH) has launched its new Rowdy Rooster Hemp animal bedding line created from hemp hurd byproducts. This initiative aims to supplement revenue and promote sustainability in a growing industry. The bedding, priced at a discount of $1.50 per pound, is expected to outperform traditional materials. The company plans to expand its presence in both ecommerce and brick-and-mortar channels following initial sales. Additionally, it will provide bedding to a local animal rescue to encourage community adoption of hemp products.

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Generation Hemp, Inc. has announced significant corporate changes following its Board of Directors meeting on August 30, 2021. The company has successfully transitioned its domicile from Colorado to Delaware effective August 20, 2021. Additionally, all outstanding Series A Convertible Preferred Stock has been converted into Common Stock, resulting in 75,947,376 new shares issued. The company's Board now consists of four members, including three independent directors, who have taken key roles in newly established committees.

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Generation Hemp, Inc. (OTC-PINK:GENH) announces that Chairman and CEO Gary C. Evans will speak at The Southern Hemp Expo in Raleigh, NC on September 2, 2021. The discussion will focus on financial wellness for hemp companies. The company is implementing green policies in operations, emphasizing sustainable practices in their new animal bedding segments, Rowdy Rooster and Kentucky Gold, derived from hemp byproducts. With a focus on environmental awareness, Evans underscores the importance of sustainable practices in the hemp industry.

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Generation Hemp, a hemp midstream company (OTCQB: GENH), announced an operational update regarding new contracts for drying and processing services in western Kentucky. Last year, the company processed over 7 million pounds of hemp biomass, generating approximately $3 million in revenue. The new contracts are expected to significantly boost revenues over the next year. CEO Gary C. Evans noted the company has successfully attracted new business from distant farmers, owing to the quality of their product and high customer service.

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Generation Hemp, Inc. (OTCQB: GENH) announced the addition of three independent members to its Board of Directors, expanding the board to four members. The new appointees—Gary D. Elliston, John Harris, and Joe L. McClaugherty—bring significant legal, financial, and cannabis industry experience. This move aims to enhance corporate governance and support the company's growth strategy in the hemp midstream sector. CEO Gary C. Evans highlighted the importance of these appointments in driving shareholder value and the company's strategic efforts.

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Generation Hemp (OTCQB: GENH) has signed a new Toll Processing Agreement with a leading hemp processor. Under this contract, its subsidiary Halcyon will process approximately eight million pounds of hemp biomass at its 48,000 square foot facility in Hopkinsville, Kentucky. Operations are set to begin in 30 days. This agreement is expected to enhance facility utilization during the typically slow planting season. Halcyon's upgraded facility features four new dryers, capable of processing 1,200 pounds of dried hemp per hour.

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Generation Hemp, Inc. (OTCQB: GENH) announced an upcoming interview with Chairman and CEO Gary C. Evans on NewsRadio 1080 KRLD AM, scheduled for June 30, 2021, at 6:20 PM CDT. Evans will share insights about his transition from the oil and gas sector to the hemp industry, discussing the distinctions between marijuana and hemp. He will also highlight the growing use of hemp in industrial applications and how capital markets are responding to these developments. Generation Hemp operates in the midstream sector and utilizes proprietary technology for processing hemp.

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Generation Hemp, Inc. (OTCQB: GENH) announced its participation in the USA CBD Expo in Atlanta, running from June 11 to June 13. This major event hosts 500 industry brands. CEO Gary C. Evans will present on June 11 at 6:15 PM EDT, outlining the launch of a new industrial animal bedding division utilizing hemp fiber. This initiative aligns with the company's strategy to expand into industrial hemp applications. Interested parties can contact Halcyon Thruput for purchasing inquiries and arrange meetings with the CEO at the Expo.

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FAQ

What is the market cap of GENH (GENH)?

The market cap of GENH (GENH) is approximately 25.3M.

What does Evergreen Sustainable Enterprises, Inc. do?

Evergreen Sustainable Enterprises operates in the Bitcoin mining and hemp industries, focusing on sustainable energy solutions and proprietary hemp processing technology.

Where are Evergreen's Bitcoin mining operations located?

Their Bitcoin mining operations are located near San Jose, Costa Rica, with future plans to expand to Arkansas, Kentucky, and additional locations in Costa Rica.

What recent developments have been made by Evergreen Sustainable Enterprises?

The company has commenced operations for 240 new Bitmain S19J Pro+ ASIC miners powered by a green energy hydroelectric dam in Costa Rica.

What is the cost efficiency of Evergreen's Bitcoin mining operations?

The operations have a low power cost of approximately $0.02 per kWh, with a break-even BTC market price as low as $10,145.

What is Evergreen's involvement in the hemp industry?

Evergreen uses proprietary technology to dry, clean, process, and store hemp in western Kentucky and Denver, Colorado.

How does Evergreen contribute to sustainable energy?

The company uses fully sustainable, green energy from a hydroelectric dam for its Bitcoin mining operations and seeks other low-cost power opportunities.

What are Evergreen's future development plans?

Evergreen plans to expand its Bitcoin mining operations to Arkansas, Kentucky, and more locations in Costa Rica.

How can I contact Evergreen Sustainable Enterprises?

You can contact Melissa M. Pagen at (310) 628-2062 or via email at mpagen@egsustainable.com.

What is the hash rate and power efficiency of Evergreen's new miners?

The new Bitmain S19J Pro+ ASIC miners have a hash rate of 122TH/s and power efficiency of 27.5 J/TH.

What real estate does Evergreen own?

The company owns and leases real estate for seed storage facilities located within the greater Denver area.

GENH

OTC:GENH

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25.34M
30.59M
72.98%
Drug Manufacturers—Specialty & Generic
Healthcare
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United States
Dallas