Generation Hemp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 24, 2022 at 01:17 am IST
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Generation Hemp, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 0.0225 million compared to USD 0.0225 million a year ago. Revenue was USD 0.022533 million compared to USD 0.06711 million a year ago. Net loss was USD 2.46 million compared to USD 1.84 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.07 a year ago. Basic loss per share was USD 0.02 compared to USD 0.07 a year ago. Diluted loss per share was USD 0.02 compared to USD 0.07 a year ago.
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.