GENH Stock Price, News & Analysis

Evergreen Sustainable Enterprises, Inc., formerly known as Generation Hemp, Inc., announced a name change and a new ticker symbol, EGSE, effective March 31, 2023. This change reflects the company's focus on sustainable projects, including Bitcoin mining utilizing hydroelectric power and operations within the sustainable hemp industry. The company reported a year-to-date revenue increase of 654% in its hemp hurd animal bedding segment, highlighting strong public support for sustainability. CEO Gary C. Evans emphasized the importance of this strategic pivot toward sustainable industries for shareholder value.

Generation Hemp, Inc. (OTCQB:GENH) reported a remarkable 385% year-on-year growth in sales of its Rowdy Rooster Hemp animal bedding product. Launched in September 2021, this USA-grown hemp product is popular among small animal owners, particularly for chickens. The surge in sales is attributed to increased consumer awareness about backyard chicken health amid rising egg prices, largely influenced by avian flu and inflation. The company operates in the hemp and Bitcoin mining industries, seeking to capitalize on its innovative processing technology and real estate assets.

Generation Hemp, Inc. (OTCQB:GENH) announced plans to acquire 240 Bitmain S19J Pro+ ASIC miners through its 80%-owned subsidiary, Toro Energía, for self-mining operations in Costa Rica. Scheduled for delivery in February, these miners, known for their efficiency and high hash rate of 122TH/s, will be powered by the company's sustainable hydroelectric dam near San Jose. CEO Gary C. Evans emphasized the acquisition as a milestone that enhances the company’s competitive edge in the cryptocurrency mining sector while committing to sustainability. This initiative aligns with the company's broader mission to advance green technologies and potential rebranding as Evergreen Sustainable Enterprises.

Generation Hemp, Inc. reported record unaudited revenues of approximately $438,000 for July 2022, marking the highest monthly revenue since the company's inception. This surge is attributed to increased processing of hemp biomass and the presale of stored inventory. CEO Gary C. Evans expressed optimism regarding sustained revenue growth through the third quarter, citing existing contracts and prior strategic inventory accumulation. The company has effectively leveraged market conditions to benefit its shareholders, anticipating ongoing price improvements in the hemp sector.

On September 6, 2022, Generation Hemp, Inc. (OTCQB: GENH) announced the launch of its new consumer product line, Gas Monkey Spill-Jack, in collaboration with Richard Rawlings' Gas Monkey Garage. This all-natural, biodegradable hemp absorbent is designed for effective spill cleanup, surpassing traditional options like kitty litter. The Spill-Jack line includes various sizes, targeting different user needs. This initiative marks Generation Hemp's second consumer product, following its animal bedding line, Rowdy Rooster Hemp, and is expected to enhance their market presence in sustainable consumer goods.

Generation Hemp announced a live webcast investor presentation led by Chairman and CEO Gary C. Evans on June 7, 2022, at 11:30 AM EDT during the KCSA Cannabis Virtual Investor Conference. Investors can engage in real-time Q&A, and an archived version will be available post-event. Individual meetings with Evans can be scheduled for June 8. The company, involved in the hemp midstream sector, focuses on environmentally sustainable operations, including Bitcoin mining. Interested parties are encouraged to pre-register and check system requirements for smooth participation.

Generation Hemp, Inc. (OTC-PINK:GENH) has announced a significant collaboration with Crypt Solutions, Inc. to develop a ‘Diversified Green Energy’ project combining Bitcoin mining with hemp biomass as biofuel. An 85%-15% Joint Venture (JV) will create a 2-megawatt modular plant at GENH's Hopkinsville, Kentucky facility, expected to deploy by March/April. This initiative marks the company's entry into green Bitcoin mining, leveraging local low-cost electricity and a friendly business environment, with future plans for larger projects.

Generation Hemp, Inc. (OTC-PINK: GENH) has entered a licensing agreement with Gas Monkey Garage to produce a hemp-based spill absorbent product. This environmentally sustainable product is made from USA grown hemp hurd and aims to outperform traditional absorbents in effectiveness. Testing showed that hemp hurd absorbed 235% of its weight in motor oil, compared to only 5% for kitty litter. This partnership follows the successful launch of the Rowdy Rooster hemp bedding product in 2021, enhancing Generation Hemp's portfolio of sustainable consumer goods.

Generation Hemp, Inc. (OTC-PINK:GENH) has announced a collaboration with Crypt Solutions, Inc. to create 'Green Energy' plants and Bitcoin mining complexes fueled by hemp. This initiative aims to alleviate the energy demands of cryptocurrency mining while utilizing environmentally sustainable hemp for energy generation. The facility will also support drying and processing of hemp, potentially qualifying for Renewable Energy Credits (RECs) to aid compliance with state renewable energy initiatives. Generation Hemp's extensive hemp supply and operational experience are key assets for this venture.