Generation Hemp, Inc. Enters into an Amended and Restated Promissory Note
October 28, 2021 at 04:02 pm
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On October 22, 2021, Generation Hemp, Inc. entered into an Amended and Restated Promissory Note with, Gary C. Evans, the Company?s Chief Executive Officer and a Director of the Company. The Note amends the previously disclosed note and amendments, adding an additional advance of $15,000, taking the outstanding balance under the Note to $635,000 with an interest rate of 10% and a maturity date of January 1, 2022. These terms were approved by the independent members of the Company?s Board of Directors.
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. 
