SUSGLOBAL ENERGY CORP - SNRG STOCK NEWS

SusGlobal Energy Corp. (SNRG) announced a non-binding letter of intent to acquire a soil media producer for US$15,701,885 (CA$20,000,000), expected to close in Q2 2022. The acquisition is projected to generate annual revenue of US$7,850,942 (CA$10,000,000) in 2022 and create significant revenue growth opportunities starting in 2023. The deal aims to enhance SusGlobal's product offerings and market reach, particularly in organic fertilizers, while requiring a US$3,925,471 (CA$5,000,000) investment and a US$157,018 (CA$200,000) deposit. Closing is contingent on customary conditions and market approvals.

SusGlobal Energy Corp. (SNRG) announced the appointment of Dominique Kelly as Environmental Compliance Officer effective January 1, 2022. Dominique, who has over three years at the company, will lead efforts to open new markets for their SusGro™ organic fertilizer. This leadership transition follows SusGlobal's acquisition of a facility in Hamilton, Ontario, which brings Environmental Compliance Approvals and is expected to enhance their market capabilities. The company aims to strengthen its position as a leader in the circular economy.

SusGlobal Energy Corp. has announced the receipt of License # 2984 from the Ministry of Northern Development, Mines, Natural Resources and Forestry, allowing its subsidiary to operate a pit for the removal of 20,000 tonnes of aggregate annually from its Belleville land holdings. This operation is expected to generate additional annual revenues between $200,000 and $1,000,000. The aggregate will be extracted using sustainable methods and sold under the company's brand, which aligns with its objective of becoming a leader in the circular economy.

SusGlobal Energy Corp. (OTCQB:SNRG) reported a significant 53.4% decrease in revenue for Q3 2021, totaling $204,796 compared to $439,507 in Q3 2020, driven by customer base changes. The company incurred a net loss of $1,420,008 or $0.01 loss per share. Despite these challenges, SusGlobal is optimistic about its 2022 revenue ramp-up and the commercialization of its proprietary SusGro™ organic liquid fertilizer. They aim to monetize carbon credits and expand operations with a new facility in Hamilton, Ontario.

On November 11, 2021, SusGlobal Energy Corp. (OTCQB: SNRG) was awarded the '2021 Product Innovation Award in the Fertilizer Market' by Lucintel for its SusGro™ Organic Liquid Fertilizer. This product is a concentrated, pathogen-free organic fertilizer that enhances soil fertility and water retention, promoting healthier plant growth. SusGlobal can process 185,000 metric tonnes of organic waste annually into fertilizers, reinforcing its commitment to sustainable agriculture. The company has also been recognized by Sitra for its circular economy solutions.

On November 9, 2021, SusGlobal Energy Corp. (SNRG) announced an interview discussing the company's sustainable waste management solutions. CEO Marc Hazout highlighted a new agreement with Blue Source Canada to monetize carbon credits from its Ontario facility. Hazout noted the significance of this agreement against the backdrop of COP26, emphasizing the potential shift from voluntary to mandatory carbon credit markets. SNRG aims to leverage its infrastructure to meet growing municipal needs, with expectations for significant revenue growth in 2022, driven by its innovative products like SusGro™ organic fertilizer.

SusGlobal Energy Corp. (OTCQB:SNRG) announced a new partnership with Blue Source Canada to develop and market greenhouse gas offset credits from its composting facility in Belleville, Ontario. This agreement aims to monetize the company's efforts to divert organic waste from landfills while promoting sustainability. The collaboration is expected to enhance technological advancements in composting, aligning with SusGlobal's mission to reduce greenhouse gas emissions. The company anticipates reflecting the monetary value from carbon credits in its Q1 2022 reporting.

SusGlobal Energy Corp. (OTCQB:SNRG) has won the 2021 Product Innovation Award for its SusGro™ Organic Liquid Fertilizer, recognized for its effectiveness in the $16 billion organic fertilizer market. This award highlights the product's role in enhancing soil fertility and crop productivity through sustainable practices. SusGlobal's proprietary technology allows conversion of 185,000 metric tonnes of organic waste into fertilizers. The company is committed to being a leader in the circular economy.

SusGlobal Energy Corp. (OTCQB:SNRG) announced the retention of ZAS Architects for designing its new Hamilton facility, which will enhance its waste-to-fertilizer operations. The facility will span 40,000 square feet on 3.26 acres, enabling an annual production capacity of 65,000 metric tonnes of SusGro, valued at $2 million daily. The design emphasizes sustainability and aims to create an inspiring workplace. This strategic move reflects SusGlobal's commitment to becoming a leader in the circular economy and sustainable agriculture.