GENH Generation Hemp Inc (QB)

 

 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

October 24, 2023

Date of Report (Date of earliest event reported)

 

Evergreen Sustainable Enterprises, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware		000-55019		26-3119496
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

8533 Midway Road, Dallas, Texas		75209
(Address of principal executive offices)		(Zip Code)

 

(469) 209-6154

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered

 

 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

This Current Report on Form 8-K and other reports filed by us from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to us or our management identify forward looking statements. Such statements reflect the current view of our management with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the section of this report entitled “Risk Factors”) as they relate to our industry, our operations and results of operations, and any businesses that we may acquire. Should one or more of the events described in these risk factors materialize, or should our underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

 

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results. The following discussion should be read in conjunction with our pro forma financial statements and the related notes that will be filed herein.

  

Item 8.01 Other Events.

 

On January 12, 2023, the Company announced the acquisition of 80% of the equity ownership in Toro Energía Sociedad Anonima (“Toro”). Toro is a Costa Rican corporation with ownership of a hydroelectric dam in Costa Rica. The source of approximately one megawatt of power produced at an extremely low cost from the hydroelectric dam (six generators) is used to power new Bitcoin mining machines that were installed in June.

 

Effective October 1, 2023, the management and operations of Toro were taken over by Evergreen Sustainable Enterprises, Inc. (“Evergreen”) and its subsidiaries. Five new employees have been hired, and the company maintains full operating control of the assets along with all bitcoin mining activity. Additionally, the Company has recently retained Toro’s prior accounting firm to assist in handling invoices and recordkeeping which were previously not available to the Company. This historical information is imperative so that Evergreen can complete its financial statements in the manner required under the rules and regulations of the Securities & Exchange Commission. We currently anticipate receiving this required documentation on or before November 10, 2023, which will then enable Evergreen to file its outstanding first quarter and second quarter Form 10-Qs, ending March 31, 2023 and June 30, 2023 as soon as reasonably practicable thereafter.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, Evergreen Sustainable Enterprises, Inc. has duly caused this current report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	EVERGREEN SUSTAINABLE ENTERPRISES, INC.
Date: October 24, 2023	By:	/s/ Gary C. Evans
		Gary C. Evans
		Chief Executive Officer

 

v3.23.3

Cover	Oct. 24, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 24, 2023
Entity File Number	000-55019
Entity Registrant Name	Evergreen Sustainable Enterprises, Inc.
Entity Central Index Key	0001527102
Entity Tax Identification Number	26-3119496
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	8533 Midway Road
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75209
City Area Code	(469)
Local Phone Number	209-6154
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false

---