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.