Welcome to our dedicated page for Sustainable Green Team news (Ticker: SGTM), a resource for investors and traders seeking the latest updates and insights on Sustainable Green Team stock.
Sustainable Green Team Ltd (SGTM) delivers integrated storm recovery services and eco-conscious landscaping solutions through its subsidiaries. This news hub provides investors and stakeholders with official updates about operational developments, environmental initiatives, and market expansions.
Access real-time announcements covering storm recovery contracts, biomass recycling advancements, and innovations like the WaterLess Garden soil system. Our curated feed includes earnings reports, partnership disclosures, and regulatory filings – all essential for assessing SGTM's position in sustainable resource management.
Key content categories include disaster response project updates, mulch production capacity changes, and strategic moves in government contracting sectors. Bookmark this page to monitor how SGTM balances immediate storm remediation needs with long-term soil health solutions across residential and commercial markets.
The Sustainable Green Team, LTD. (OTCQX: SGTM) reported significant growth in its audited fiscal 2022 results, with Net Revenue reaching $35,513,231, an 11.24% increase from 2021. Gross Profit soared to $8,000,152, marking a dramatic 505.54% rise. The company achieved a Net Income of $8,901,214, up 70.28% year-over-year. Total Assets increased to $120,365,084, an impressive 80.17% growth. Notably, Outstanding Shares decreased by 17.5% to 74,631,743.
SGTM has scheduled its first Annual Shareholder Meeting for May 12, 2023, at 9:00 AM ET, to discuss these results and the outlook for 2023.
The Sustainable Green Team, LTD. (SGTM) announced the appointment of Joshua R. Wethington as Chief Financial Officer, effective January 31, 2023. Wethington's background includes over 25 years in financial and operational management in the beauty industry. His leadership is anticipated to enhance SGTM's financial performance and operational capabilities as the company expands. Notable January achievements include amending their quarterly reports, improving the mulch colorant division, and acquiring raw materials for production. CEO Tony Raynor expressed confidence in Wethington's ability to support the company's growth initiatives.
The Sustainable Green Team (SGTM), a leader in environmentally friendly solutions, has partnered with VRM Biologik to initiate HumiSoil® production in the U.S. Starting in February 2023, the process combines VRM's patented materials with SGTM's recycled inputs at four strategic facilities, including a sawmill in Homerville, GA, and three locations in Florida. This initiative aims to enhance SGTM's competitive edge and drive growth, with expectations for product distribution by Summer 2023. HumiSoil®, designed to improve soil health without synthetic fertilizers, aligns with SGTM's 2023 corporate priorities.
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