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Sustainable Green Team, Ltd., through its subsidiaries, provides storm/disaster recovery services. They offer tree, debris hauling and removal, and biomass recycling services. The company also manufactures, packages, and sells mulch to landscapers, installers, and garden centers. They serve governmental, residential, and commercial customers. Formerly known as National Storm Recovery Inc., the company changed its name to Sustainable Green Team, Ltd. in July 2020. Sustainable Green Team, Ltd. is based in Apopka, Florida.
The Sustainable Green Team, LTD. (SGTM) has announced an upgrade of its colorant division, Natures Reflection, to a new facility in Jacksonville, FL. This expansion allows NR to use 20,000 sq ft of a 75,000 sq ft space, doubling its inventory capacity in 2023. NR produces various mulch colors, rigorously tested for safety, achieving Category IV toxicity, the lowest level. This positions SGTM to become a key player in the mulch industry. General Manager Jeff Merlin emphasized their commitment to quality and customer service as part of their growth strategy.
The Sustainable Green Team, LTD. (SGTM) has filed a registration statement on Form 10 with the SEC to register its common stock, effective 60 days post-filing. This move subjects SGTM to the reporting requirements of the Exchange Act, necessitating annual and quarterly filings. CEO Tony Raynor highlighted the company's commitment to transparency, which is expected to enhance shareholder value and growth opportunities. SGTM is a leading manufacturer and supplier of wood-based products, including mulch and soil amendments, and offers environmental services across the southeastern U.S.
The Sustainable Green Team (SGTM), a leading wholesale manufacturer of wood-based products, amended its quarterly report for the period ending October 1, 2022. This restatement revealed significant adjustments, including a $6 million increase in total assets, raising them from $75.6 million to $81.7 million. Gross profit for Q3 2022 improved from a loss of $1.8 million to a profit of $4.3 million, while net income shifted from a loss of $4.6 million to a net gain of $1.2 million. The changes are linked to a new soil technology partnership with VRM Biologik Group, prompting adjustments in inventory valuation practices.
On January 12, 2023, Sustainable Green Team (OTCQX: SGTM) outlined its corporate priorities for 2023 and reviewed key achievements from 2022. CEO Tony Raynor highlighted growth optimism through partnerships like that with VRM Biologik Group. The company's focus includes identifying revenue-generating opportunities, becoming fully SEC reporting for transparency, and acquiring capital for long-term growth. SGTM also plans to optimize operations with new software, Acumatica. Notable 2022 achievements involve strategic acquisitions, partnerships, and uplisting to OTCQX, solidifying the company’s market position.
The Sustainable Green Team (SGTM) announced that CEO Anthony J. Raynor will present at the Global Unity Summit's pitch competition. His presentation will cover the company's recent achievements and growth opportunities. SGTM is a leading supplier of wood-based mulch, soil, and lumber products. The company has partnered with VRM Biologik Group to introduce advanced soil moisture technology in the U.S., aimed at improving soil conditions and reducing water usage.
On December 5, 2022, The Sustainable Green Team Ltd. (SGTM) announced its qualification to trade on the OTCQX Best Market, upgrading from the Pink market. This change aims to enhance visibility and liquidity for investors. CEO Tony Raynor highlighted the importance of this milestone, emphasizing strict adherence to regulatory standards. The OTCQX Market provides a platform for investor-focused companies, ensuring high financial standards and governance. SGTM continues to offer premium wood-based products and has partnered with VRM Biologik Group to introduce soil treatment products in the U.S.
The Sustainable Green Team LTD (OTCMKTS: SGTM) announced that CEO Anthony Raynor will present a corporate overview at the Emerging Growth Conference on November 30, 2022, at 2:45 pm ET. The event allows investors to interact with company executives in real time. SGTM is a leading manufacturer and supplier of wood-based mulch, soil, and lumber products. The company is also introducing soil treatment products, HumiSoil® and XLR8 Bio®, in partnership with VRM Biologik Group to enhance soil health and reduce water usage in U.S. gardens.
The Sustainable Green Team LTD (SGTM) has signed a 5-year lease for approximately 10 acres of industrial land in Ocoee, FL, for a new wood recycling facility. The site will aid in storm debris recovery, particularly after Hurricane Ian, which caused up to $67 billion in damage. SGTM's partnership with VRM Biologik aims to utilize patented technology to convert organic waste into leading soil moisture products, HumiSoil® and XLR8 Bio®, enhancing soil hydration and reducing the need for fertilizers.
The Sustainable Green Team LTD (OTCMKTS: SGTM) announced a new collaboration with Australia-based VRM Biologik Group to introduce innovative soil treatment products, HumiSoil® and XLR8 Bio®, in the U.S. The agreement allows SGTM to acquire 10% of VRM Biologik Inc. for 6 million shares and grants 10-year licenses for product distribution. SGTM also purchased $80 million worth of catalyst ingredients, enabling the production of HumiSoil® valued at over $950 million. This partnership aims to enhance agricultural productivity and address soil moisture issues while promoting sustainability.
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