Welcome to our dedicated page for Susglobal Energy news (Ticker: SNRG), a resource for investors and traders seeking the latest updates and insights on Susglobal Energy stock.
SusGlobal Energy Corp. reports developments tied to environmental, agricultural and industrial biotechnology, renewable energy and circular-economy operations. The company uses organic food waste in waste-to-energy and regenerative-product applications, including renewable natural gas, compost and organic fertilizers such as SusGro.
Recurring updates focus on the Belleville, Ontario Organic & Non-Hazardous Waste Processing & Composting Facility, the Anew SusGlobal Belleville Composting Offset Project, sales of Verified Emission Reductions and Removals, and listings on the GHG CleanProject Registry. Company news also covers facility service agreements, intellectual-property protection for SUSGRO, financial advisory arrangements and periodic operating results.
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.
SusGlobal Energy Corp. (OTCQB:SNRG) announced a Capital Market Advisory Agreement with Exchange Listing, LLC to assist in listing its shares on the NASDAQ Capital Market. This partnership aims to streamline SusGlobal's strategic planning and implementation for a successful listing. The company's CEO, Marc Hazout, expressed confidence in Exchange Listing's experience and anticipates submitting the initial NASDAQ Listing Application after filing their Form 10-K. Exchange Listing's CEO noted SusGlobal's strong fundamentals and commitment to a socially responsible business model.
SusGlobal Energy Corp. (OTCQB:SNRG) recently provided insights in an interview with CEO Marc Hazout, highlighting the company’s sustainable waste management solutions. SNRG focuses on converting municipal organic waste into regenerative products, including compost and liquid fertilizer, promoting a circular economy. The company aims for growth through the commercialization of its pathogen-free organic fertilizer, uplisting to Nasdaq, and expanding its processing capacity to handle 185,000 metric tons of waste annually. Hazout emphasized the importance of their innovations in combating climate change and maximizing shareholder value.
SusGlobal Energy Corp. (OTCQB:SNRG) announced the registration of two trademarks, EARTH'S JOURNEY and CARING FOR EARTH'S JOURNEY, by the United States Patent and Trademark Office as of November 10, 2020. This registration allows SusGlobal to use trademark symbols, enhancing its branding strategy for its certified organic compost products. The trademarks cover various organic waste management services and are valid for ten years with renewal options. CEO Marc Hazout emphasized the importance of these registrations in protecting the company's intellectual property and maximizing shareholder value.
SusGlobal Energy Corp. (SNRG) reported a 12.49% revenue increase for Q3 2020, totaling $439,507, up from $390,723 in Q3 2019, attributed to its organic waste processing and composting operations.
However, the company incurred a net loss of $429,046, translating to a loss of $0.01 per share, with total liabilities at $9,796,346 against assets of $5,321,974.
SusGlobal aims to enhance revenue to support growth initiatives and potentially up-list to a major exchange.
SusGlobal Energy Corp. (OTCQB:SNRG) has announced the acquisition of additional assets, including 6.8 acres of land in Belleville, Ontario, through its subsidiary. The transaction, amounting to USD$161,322, enables SusGlobal to enhance its facilities for processing organic waste. With this acquisition, the company can process up to 70,000 tonnes of organic waste annually, with plans for an additional 50,000 tonnes. The expansion aligns with the company's commitment to sustainable waste management and reducing greenhouse gas emissions, contributing to its goal as a leader in the circular economy.