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Generation Hemp, Inc. (OTCQB: GENH) has launched a new corporate website and social media campaign to enhance user experience and improve visibility in the hemp midstream sector. The redesigned site aims to better serve clients and shareholders amidst expected increased traffic. CEO Gary C. Evans emphasized the company's innovative drying, stripping, cleaning, and storage services, positioning it as a leading player in the industry. The campaign is active across major social media platforms, showcasing their solutions and growth strategy.
Generation Hemp, Inc. (OTCQB: GENH) has appointed Chad Burkhardt as Vice President and General Counsel, and Brada Wilson as Corporate Controller. Burkhardt brings substantial legal expertise, particularly in capital markets and corporate transactions, which will aid in the company's growth as it aims for a NASDAQ or NYSE listing. Wilson, with experience in GAAP accounting from Exxon and other firms, will manage financial complexities as the company expands in the hemp sector. Generation Hemp operates in the mid-stream sector with facilities in Kentucky and Colorado.
Generation Hemp, Inc. (OTCQB: GENH) has successfully upgraded its common stock to the OTCQB effective March 19, 2021. Chairman and CEO Gary C. Evans expressed gratitude towards shareholders for their support, believing this upgrade enhances the company's profile and liquidity. The OTCQB market offers improved visibility and trading conditions for companies and is a stepping stone towards a potential NASDAQ or NYSE listing. Companies on the OTCQB must meet stringent financial reporting and eligibility criteria.
Generation Hemp, Inc. (OTCPK: GENH) has completed the acquisition of 100% of Halcyon Thruput, LLC for approximately $5.1 million, combining cash, restricted common stock, and a promissory note. Halcyon Thruput provides critical post-harvest services in the Hemp sector, processing up to 100,000 wet pounds of hemp daily. In 2020, it generated revenues of about $4 million and EBITDA of $1.5 million. Co-founders will remain with the company for at least three years, supporting strategic growth initiatives, including new product lines.