Generation Hemp Reports Quarterly Financial Statements to SEC, Announces New Processing Contracts and Brand Launches

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

A midstream company in hemp, Generation Hemp, Inc. GENH has made a name for itself in the drying, cleaning, processing and storing of hemp and hemp byproducts, further earning a reputation among its contemporaries as the “dry cleaners of the hemp industry.” 

On August 16, 2021, Generation Hemp officially announced new contracts under its wholly-owned subsidiary, GENH Halcyon Acquisition, LLC, as well as a few updates in the launch of the upcoming Rowdy Rooster and Kentucky Gold hemp animal bedding brands.

This announcement comes shortly after filing the company’s latest quarterly 10-Q report with the Securities and Exchange Commission (SEC) on August 13, whereas Generation Hemp reported new processing contracts for the ensuing 12 months, which will essentially double last year’s business activities. The company expects to see further reports that demonstrate revenue is now on an upward trajectory from last year’s GENH Halcyon and a significant increase in business from cannabis farmers and corporate clientele. 

While the company is headquartered in Dallas/Ft. Worth, Texas, Generation Hemp’s processing facility, as well as its newest contracts, include clientele based in western Kentucky and other southeastern states.

At a time where many businesses have struggled, Generation Hemp has been able to attract new business and supply from farmers up to three states away. This success will significantly add to future revenue projections and the outcome of business planning initiatives going forward.

Commenting on the company’s most recent success, chairman and CEO Gary C. Evans stated that despite the downturn experienced by many active businesses in the hemp space last year, Generation Hemp has been able to “weather the storm.” Evans attributes the company’s success to two factors: the first being related to competitors who weren’t able to survive the industry’s most recent downturn due to an oversupply of products, which depressed both distillate and isolate prices industrywide. The second factor is purely because of the quality of its products and services.

“We are told by our customers that the reason for bringing their product so many miles away from their farms to our processing facility has to do with the quality of the end-product we produce, which enhances their ultimate price and the high degree of customer service our employees have been providing,” Evans said.

It’s important to note that the projected growth does not include any profits or revenue from the soon-to-be-launched Rowdy Rooster or Kentucky Gold hemp animal bedding brands. However, there are predictors that these brands will play an increasingly prominent role in the future growth of Generation Hemp, especially when these brands have officially launched this fall. 

Rowdy Rooster and Kentucky Gold are both new brands of Generation Hemp for large and small animals that will operate in the animal bedding arena. Because hemp animal bedding has been proven in several university studies — as well as by consumer testimonials — to be a healthier and preferred alternative to traditional animal bedding materials, the company foresees the successful sales and demand of these products in the upcoming months. 

For more information on Generation Hemp and its subsidiary brands, visit https://www.genhempinc.com.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.