Sustainable Green Team (OTC: SGTM), a leading provider of environmentally beneficial solutions for tree and storm waste disposal, has released its financial information, reporting another profitable quarter. A highlight of the report indicates that the company’s revenues have totaled $24.5 million for the first nine months of 2020. Numbers for the report include both the three months ending Sept. 30, 2020 and the nine months ending Sept. 30, 2020. SGTM’s financial totals for the quarter include $5,907,155 in revenue, $422,133 in gross profit and $36,140,923 in total assets, with a strong position of $5,936,798 in cash and liquid investments. For the nine-months period, the company announced $24,544,820 in revenue and $5,503,905 in gross profit. Other highlights of the announcement included notice that SGMT completed a company name and trading symbol change. The company also received permit approval to accept debris and manufacture mulch at its largest state-of-the-art facility as well as IPEMA certification to recycle tree and storm waste into public playground surfacing material, which allows SGTM to enter that a market valued at $4 billion market. “I am proud of our team and the progress we have made this year in achieving these key milestones,” said SGMT CEO and director Tony Raynor in the press release. “We plan to proceed in a similar manner during the remaining quarter and end 2020 on a strong note. In keeping with that aim, we have already completed our two-year audit to commence our Form 10 process, which will enable us to begin 2021 as a fully reporting company and uplist accordingly.”
To view the full press release, visit https://ibn.fm/JieE0
About Sustainable Green Team Ltd.
Sustainable Green Team, through its subsidiaries, provides tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales. The company was established with the objective of providing a solution for the treatment and handling of tree debris that has historically been disposed of in landfills, creating an environmental burden and pressure on disposal sites around the nation. The company’s solutions are founded in sustainability, based on vertically integrated operations that begin with collecting of tree debris through its tree services division and collection sites, then, through its processing division, recycling and using that tree debris as a feedstock that is manufactured into a variety of organic, attractive, next-generation mulch products that are packaged and sold to landscapers, installers and garden centers. The company plans to expand its operations through a combination of organic growth and strategic acquisitions that are both accretive to earnings and positioned for rapid growth from the resulting synergistic opportunities identified. The company’s customers include governmental, residential, and commercial clients. For information regarding SGTM’s operations, expansion plans and production facilities, visit http://ibn.fm/NYk36
NOTE TO INVESTORS: The latest news and updates relating to SGTM are available in the company’s newsroom at http://ibn.fm/SGTM
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