SUSGLOBAL ENERGY CORP - SNRG STOCK NEWS

SusGlobal Energy Corp. (SNRG) reported a 44.43% revenue drop to $212,632 for Q2 2021, compared to $382,639 in Q2 2020. This decline was attributed to an expiring contract and reduced waste from customers. The company incurred a net loss of $797,961, equating to a $0.01 loss per share. Despite the financial setbacks, SusGlobal aims to ramp up revenue by completing a second facility to commercialize its organic liquid fertilizer and enhance shareholder value. The company holds total assets of $6,059,564 against liabilities of $9,914,442.

SusGlobal Energy Corp. (OTCQB:SNRG) will present at the Lytham Partners Summer 2021 Investor Conference on June 14, 2021, at 4:15 p.m. ET. The presentation will showcase their innovative SusGro™, a pathogen-free organic liquid fertilizer. An archived webcast will be available on the company’s website. Additionally, management will hold virtual one-on-one meetings from June 14 to June 16, 2021. SusGlobal focuses on sustainable waste-to-energy solutions and aims to be a leader in the circular economy.

SusGlobal Energy Corp. (OTCQB:SNRG) has appointed Susan Harte to its Board of Directors, enhancing the board's expertise as the company prepares to acquire its second Ontario facility and expand its organic waste-to-fertilizer operations. Harte brings over 25 years of experience in site selection and economic development, having secured over US$1 billion in incentives for various projects. Her appointment aligns with SusGlobal's strategy to leverage geographical advantages across North America, supporting its objectives as a leader in the Circular Economy.

SusGlobal Energy Corp. (OTCQB:SNRG) has announced the purchase of a 40,535 square foot facility in Hamilton, Ontario, with an Environmental Compliance Approval allowing the processing of 65,884 metric tonnes of organic waste annually. The facility will cost approximately US$3.73 million, with a deposit of US$165,680 already paid. This acquisition aims to enhance production and distribution of the company's SusGro™ organic fertilizer products while providing increased capacity for revenue generation through fertilizer sales and municipal waste intake fees.

SusGlobal Energy Corp. (OTCQB:SNRG) has been featured in a market report by Lucintel, highlighting growth opportunities in the organic fertilizer market, projected to reach $15.894 billion with a 11.2% CAGR from 2021 to 2026. Notable drivers include rising organic food consumption and favorable regulations. The report indicates that liquid fertilizers are expected to grow at a higher rate of 11.8%, while the benefits of organic fertilizers include improved soil health, microbial support, and reduced chemical usage. CEO Marc Hazout emphasizes the company's commitment to producing regenerative products.

SusGlobal Energy Corp. (OTCQB:SNRG) reported a 44.99% decline in revenue for Q1 2021, amounting to $192,660, down from $350,197 in Q1 2020. The decrease was attributed to shifts in the customer base and the expiration of a contract. Operating expenses surged to $593,212, contributing to a net loss of $306,335, or $0.01 per share. Despite the tough quarter, the company remains optimistic about a potential revenue increase, aiming to expand its operations and up-list to a major exchange. Notable transactions include asset purchases and a planned acquisition of liquid organic fertilizer corporations.

SusGlobal Energy Corp. (OTCQB:SNRG) has received a B- score from Circulytics, developed by the Ellen MacArthur Foundation, marking a significant step in the company's circular economy initiatives. This score assesses companies’ circular economy performance through various enablers and outcomes. CEO Marc Hazout expressed satisfaction with the score, emphasizing its validation of SusGlobal's efforts to divert organic waste from landfills and produce regenerative products. The Company aims to enhance its circular economy practices while maximizing shareholder value.

SusGlobal Energy Corp. (OTCQB:SNRG) announced the appointment of Gary Herman to its Board of Directors. Herman brings extensive experience as an investor and fund manager, particularly in undervalued U.S. companies. His background includes capital raising and forming strategic partnerships. The company aims for an uplist to NASDAQ, emphasizing sustainable waste management and regenerative products. Following this appointment, the board now consists of four directors, with Herman serving as the lead independent director. This move reflects a strategy to enhance board strength and business growth.

SusGlobal Energy Corp. (OTCQB:SNRG) reported its fourth-quarter and full-year financial results for 2020, highlighting a 20.58% increase in revenue to $432,263. Despite the revenue growth, the company faced a net loss of $504,807, translating to a loss per share of $0.01. The operational updates included the integration of the Ydro Process® at their composting facility, along with strategic agreements aimed at a potential Nasdaq listing. Total assets stood at $5,758,303, against total liabilities of $10,519,253.