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SPROUT TINY HOMES (STHI) Stock News

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Sprout Tiny Homes (OTCQB: STHI) has completed the acquisition of Pure Zero Construction, enhancing its ability to build high-performance, zero energy ready homes. This strategic acquisition follows the absorption of Legacy Homes of Pueblo, expanding Sprout's construction capacity in Pueblo, Colorado. The Company aims to construct over 80 energy-efficient homes in the North Vista Highlands subdivision within the next 12 months. CEO Rod Stambaugh emphasizes this growth strategy, focusing on innovative building technologies and healthy housing solutions.

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Rhea-AI Summary

Sprout Tiny Homes, Inc. (OTCQB:STHI) has engaged Maxim Group LLC as its financial advisor to assist in defining its growth strategy and exploring financing alternatives. This comes alongside Sprout's announcement of a term sheet to acquire Pure Zero Construction, aimed at building energy-efficient homes in Pueblo, CO. The homes will exceed DOE Zero Energy Ready specifications and promote non-toxic living environments. This partnership and acquisition signal Sprout's commitment to fostering sustainable construction practices.

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FAQ

What is the current stock price of SPROUT TINY HOMES (STHI)?

SPROUT TINY HOMES (STHI) last closed at $0.0135.

What is the market cap of SPROUT TINY HOMES (STHI)?

The market cap of SPROUT TINY HOMES (STHI) is approximately $1.6M.