Generation Hemp and its Wholly-Owned Subsidiary, GenH Halcyon Acquisition, LLC Announces the Execution of New Toll Processing Agreement
July 12, 2021 at 08:00 am EDT
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Generation Hemp and its wholly-owned subsidiary, GenH Halcyon Acquisition, LLC announced the execution of a new Toll Processing Agreement with a leading hemp processor and CBD product manufacturer. Under terms of this agreement, Halcyon will dry, strip, process and store approximately eight million pounds of hemp biomass assets at Halcyon’s 48,000 square foot operating facility and property located in Hopkinsville, Kentucky. Process operations from this contract are expected to commence within the next thirty days. In fiscal 2020, Halcyon, as part of the company’s ongoing commitment to provide its clients with state-of-the-art midstream services within the hemp space, upgraded its Kentucky based facility with four new hemp dryers. Each dryer is equipped with variable temperature settings that provide for a more efficient drying process while protecting the plant’s valuable cannabinoid and terpene properties. In addition, the new and improved systems are modular and can produce approximately 1,200 pounds of uniformly dried hemp per hour. In 2020 Halcyon processed over 6 million pounds of wet hemp for various Kentucky and Tennessee clients.
Evergreen Sustainable Enterprises, Inc. is a sustainable green energy company. The Company, through its wholly owned subsidiaries, has operations in both the bitcoin mining industry and the hemp industry. Through its bitcoin mining projects, it sources stranded energy in rural areas for bitcoin mining installations. In addition to its hydroelectric powered bitcoin operations in Costa Rica, the Company is in development on several bitcoin mining arrays in rural or remote United States locations. It has two bitcoin mining arrays in development in Arkansas, an eight-megawatt array in south central Arkansas. It also has three bitcoin mining arrays located in Kentucky, a five-megawatt array in Carter County and two additional sites in various stages of development in Greenup County. Its hemp processing operations provide post-harvest and midstream services to growers by drying, processing, cleaning, stripping harvested hemp directly from the field.