Safe & Green Holdings Corp Stock Price, News & Analysis

Safe & Green Holdings Corp. (NASDAQ: SGBX) has announced its partnership with HALO Precision Diagnostics and The Peoples Health Care to enhance patient-centered healthcare. The initiative aims to provide deployable medical infrastructure, targeting a $52B healthcare market by 2030. The company plans to deliver four mobile medical modules to Teamsters Local 848 by year-end 2023, offering services such as wellness visits, lab medicine, and diagnostics. This collaboration strives to improve healthcare access and quality in underserved areas, with HALO's diagnostics being integral to the strategy. The focus is on sustainable healthcare and efficient delivery methods to meet growing demands.

Safe & Green Holdings Corp. (NASDAQ: SGBX) has announced the completion of its SG Echo at Waldron facility in Durant, Oklahoma, having received its certificate of occupancy. This facility, which is set to create 55-65 jobs and can generate up to $23 million in additional annual revenue, represents the company’s second manufacturing site in the area, with plans for a third campus in 2023.

The renovations, funded in part by a $750,000 forgivable loan from the Durant Industrial Authority, had a total budget of approximately $2.3 million. The first client anticipated at this campus is Moliving.

Safe & Green Holdings Corp. (NASDAQ: SGBX) has announced a new order with SG Echo, LLC to provide 90 modular units for a long-standing client, valued at approximately $6 million. This order continues a programmatic relationship between the companies and includes units from a second product line that fits within SG Echo's manufacturing capabilities. Deliveries are expected to be completed by Q3 2023. The announcement highlights the company's commitment to supporting evolving client needs through enhanced production capabilities.

Safe & Green Holdings Corp. (NASDAQ: SGBX) announced the refinancing of its Lago Vista site in Austin, Texas, through Stallion Funding. Initially bought for approximately $3.5 million, the site's value has significantly appreciated, allowing the company to secure an increased loan while maintaining a similar interest rate. This refinancing will provide about $2 million in net proceeds, strengthening the company's cash position. The loan is expected to close on March 31, 2023. Furthermore, the company is progressing toward selling the Lago Vista site to enhance its balance sheet and minimize shareholder dilution.