Generation Hemp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 19, 2022 at 04:32 pm EDT
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Generation Hemp, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.0225 million compared to USD 0.0225 million a year ago. Revenue was USD 0.3544 million compared to USD 0.025855 million a year ago. Net loss was USD 2.14 million compared to USD 1.15 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago. Basic loss per share was USD 0.02 compared to USD 0.03 a year ago. Diluted loss per share was USD 0.02 compared to USD 0.03 a year ago.
For the six months, sales was USD 0.045 million compared to USD 0.045 million a year ago. Revenue was USD 0.376933 million compared to USD 0.092965 million a year ago. Net loss was USD 4.59 million compared to USD 2.99 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.11 a year ago. Basic loss per share was USD 0.04 compared to USD 0.11 a year ago. Diluted loss per share was USD 0.04 compared to USD 0.11 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.
EVERGREEN SUSTAINABLE ENTERPRISES, INC. 
