Sustainable Green Team Ltd Stock Price, News & Analysis

Sustainable Green Team, Ltd. (SGTM) has entered a Letter of Intent (LOI) to acquire Day Dreamer Productions, LLC, aiming to enhance in-house video production and marketing capabilities. The acquisition will allow SGTM to increase brand exposure and sales. The deal is expected to close by December 31, 2021, with Victor Spangler appointed as Chief Marketing Officer and President of Day Dreamer Productions. SGTM plans to utilize this acquisition for marketing its services and products, furthering its growth in the environmentally beneficial solutions sector.

Sustainable Green Team, Ltd. (SGTM) has announced a $1.8 million upgrade contract with Cooper Machine Company for its sawmill in Homerville, Georgia, commencing in spring 2022. This project aims to enhance production efficiency and yield while reducing labor requirements. SGTM also plans to invest in a robotic stacking system for its bagging operation later this year, which is expected to increase capacity and lower costs. These upgrades will help SGTM maintain high product quality and strong profit margins amidst a competitive market.

Sustainable Green Team, Ltd. (OTC: SGTM) announced a contract renewal with Menards, Inc., increasing mulch packaging by 50% over 2021. This continued partnership, which began in 2010, shows the company's strong growth trajectory. Menards, the third-largest home improvement chain in the U.S., operates 335 stores across 15 states. SGTM leadership expresses pride in the expanding relationship, driven by their team’s commitment to quality mulch products. This growth highlights SGTM's position in the sustainable solutions sector.

Sustainable Green Team, Ltd. (OTC: SGTM) announced its licensing of Acumatica ERP to enhance operational efficiency amid growing demand for its products. The company, transitioning from a legacy accounting system, aims to leverage Acumatica’s capabilities to optimize its manufacturing and distribution processes. John Spencer, founder of Mulch Manufacturing, recommended the switch, while CEO Tony Raynor emphasized the anticipated benefits of increased efficiency and growth opportunities. SGTM operates in the mulch and recycling sectors, focusing on strategic expansions.

Sustainable Green Team, Ltd. (OTC:SGTM) has secured a 2022-2023 agreement with Lowes Companies, Inc. to provide packaged mulch products across 200 stores in eight midwestern states. This partnership highlights SGTM's enduring collaboration with Lowes, enhancing its distribution reach. SGTM is recognized for its sustainable solutions in tree and storm waste disposal, operating through its subsidiary, Mulch Manufacturing, Inc., the largest cypress mulch provider in the U.S. This agreement reinforces SGTM's commitment to environmentally beneficial practices and growth in the lawn and landscape industry.

On September 9, 2021, Sustainable Green Team, Ltd. (SGTM) announced a new agreement through its subsidiary, Mulch Manufacturing, Inc., with Oldcastle APG, Inc. for the packaging of 1,500,000 bags of mulch products. This partnership builds on their previous successful relationship, enhancing SGTM's position in the lawn and garden industry ahead of the 2022 spring selling season. CEO Tony Raynor emphasized the company's dedication to sustainability and strong relationships in the industry. SGTM offers environmentally friendly solutions for tree and storm waste disposal.

Sustainable Green Team, Ltd. (OTC: SGTM) announced strong financial results for Q1 2021, reporting $9,291,931 in revenue and $1,400,720 in gross profit. Compared to Q1 2020, revenue increased by 16.7%, gross profit by 8.6%, and total assets grew by 1.4%, now totaling $41,477,914. CEO Tony Raynor credited the team for the quarterly success and expressed optimism for continued financial strength in 2021 as they implement growth strategies.

Sustainable Green Team, Ltd. (OTC: SGTM) announced a one-year natural mulch supply contract with the city of Vero Beach, Florida, with two potential one-year extensions. This contract follows a recent mulch agreement with Circle K. CEO Tony Raynor highlighted the contract as a significant government opportunity, showcasing the company's commitment to sustainable solutions for tree and storm waste disposal. SGTM operates through subsidiaries providing comprehensive environmental services, including debris management and mulch manufacturing, and aims to expand its operations through strategic growth.

Sustainable Green Team, Ltd. (SGTM) announced its subsidiary, Mulch Manufacturing, Inc., secured mulch contracts for 2021 from Three Circle K divisions, a subsidiary of Alimentation Couche-Tard. This contract provides an opportunity to strengthen brand relationships with Circle K, which operates 9,697 stores in North America and over 2,000 internationally. CEO Tony Raynor expressed optimism about expanding their reach through these contracts. SGTM focuses on eco-friendly solutions for tree and storm waste, recycling biomass into mulch products, addressing environmental concerns associated with landfill disposal.