Generation Hemp Inc. (OTCQB: GENH) is a pure-play hemp company with proprietary technology to dry, clean, process, and store hemp. It is the largest such processor in the United States. GENH just completed an extremely eventful Q1 and looks poised for a successful 2022.
GENH’s Q1 HIGHLIGHTS
-Announces First Bitcoin Mining Collaboration
-Will Use Hemp Biomass to Create Biofuel for Bitcoin Operations -Gas Monkey Brand Hemp Hurd Spill Absorbent Product Line In Production GENH’s BITCOIN MINING PROJECT COULD BE A MAJOR CATALYST
— Bitcoin is a driving force. It remains priced just north of $40,000 per coin. And it has already reached higher than $60,000 in recent months.
— GENH’s partner, Cryptech Solutions Inc., is an established leading player in the blockchain/cryptocurrency ASICs hardware reseller business. It has Bitcoin mining clients that are publicly traded as well as customers that are privately held entities.
— GENH is controlling 85% owner of the new Joint Venture. It has been formalized with an executed LOI between the two companies.
— The mining operation will be augmented with power using hemp biomass as feedstock for biofuel and complemented by solar energy backed up by traditional grid electricity from a local utility.
— The first plant is in the process of being launched. Plans are to install up to a two-megawatt modular plant. Plans are to locate the plant at GENH’s Halcyon
Acquisition’s (a GENH subsidiary) 48,000 sq. ft. warehouse and manufacturing facility in Hopkinsville, Ky.
— This first small-scale project is designed to be the forerunner of the team’s plans to build similar complexes based on the same operating model in other areas of the country.
Gary C. Evans, Chairman and CEO of GENH, says, “This will be a tremendous learning experience for us as we are planning to expand significantly in the southeastern and southwestern U.S.”
He said the first is located in business-friendly western Kentucky “right in our own backyard.”
GENH’s GAS MONKEY DEAL WILL DRIVE REVENUE
— GENH is a diversified, multiple revenue stream company. It also receives revenue from real estate it owns and leases to companies that need hemp seed and storage facilities within the greater Denver area.
– The company announced a deal with Gas Monkey Brand in Q1.
–Generation Hemp will manufacture a USA-grown hemp hurd spill absorbent and market this new product under the Gas Monkey brand name to consumers, retailers, and distributors as an environmentally sustainable, USA-made, ultra-absorbent spill clean-up material.
–Richard Rawlings, owner and founder of Gas Monkey Garage, is the star of the international hit series "Fast N’ Loud" & "Garage Rehab" spanning 17+ seasons and 200+ episodes.
–In a test using 150mL of motor oil, the hemp absorbent material was added to the media and allowed to saturate overnight.
● Hemp Hurd absorbed 235% of its weight.
● Kitty litter (a commonly used absorbent media) absorbed only 5%
● Brand name industrial oil absorbent absorbed 55%.
Gary C. Evans, Chairman and CEO of Generation Hemp, Inc. stated, "Hemp grows in the field within 90-120 days depending on weather conditions. It is free of chemicals and other potentially harmful substances. It benefits the soil and is considered to be carbon negative. Add to its incredible absorbency and containment performance, and we see yet another hemp miracle product. Teaming up with a name like Gas Monkey and Richard Rawlings, and we give this new “first of its kind” product the instant visibility it deserves! We are extremely excited to partner with Gas Monkey in this new, long-term licensing agreement recently executed. We don’t think we could have found a better fit."
Reasons To Invest In GENH:
— GENH has access to the public markets to fund future M&A.
— Plans to acquire larger and well-positioned privately held companies already established in their specific sectors of the hemp industry;
— An up list to a national exchange for GENH to a national exchange would give the Company additional exposure and market awareness as a hemp pure play for both the institutional and retail investor community;
— Company has already built established investment banking relationships with a number of financial institutions.
— Can apply its focus on agricultural, midstream, and industrial basis as a U.S. based publicly traded hemp only
Keep GENH stock on your Watch List.
For more information, go to genhempinc.com
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