Generation Hemp Subsidiary Enters Into a Significant Joint Toll Processing Agreement

Company to Dry, Process, Strip and Store Approximately Eight Million Pounds of Hemp Biomass for CBD Extraction

DALLAS–(BUSINESS WIRE)–Generation Hemp, a Dallas/Fort Worth based midstream hemp company (OTCQB: GENH) and its wholly-owned subsidiary, GenH Halcyon Acquisition, LLC “Halcyon”, today 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 …

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