The Sustainable Green Team (OTCQX: SGTM), a provider of environmentally conscious solutions in the arbor care, disposal and recycling industries, is reporting that VRM Global Holdings is increasing its invested interest in the company and strengthening the partnership. According to the announcement, SGTM and VRM have amended the restricted sublicense agreement they made last year, entering into a new Agreement Amendment and Share Issuance calling for VRM to acquire an additional 7 million shares of common stock in SGTM as part of a comprehensive program to build production capacity for its core soil health technologies. The announcement noted that the recent acceptance of patents for VRM’s Large Scale Biological Hydrosynthesis techniques means VRM can now offer a key element of revegetation and soil-building programs globally. HumiSoil(R) and XLR8 Bio(R) are soil-treatment products that rebuild soil hydration on a cellular level, improving the soil and the vegetation and agricultural products; through the agreement, the company will make those products available for home gardens and lawns through the United States.
In addition, SGTM noted that it has entered into a purchase agreement with New Earth Technologies Pte Ltd.; that agreement provides enough additional catalyst ingredients to allow SGTM to manufacture increased levels of HumiSoil and other related products. The Sustainable Green Team’s mission — to utilize every part of the tree, including roots, trunk and top —goes beyond manufacturing mulch or other wood products. The company is focused on leveraging cutting-edge technology and environmentally beneficial solutions to achieve its objective of avoiding the carbon emissions associated with disposing of tree and storm waste material. “This is completely opposite to the traditional methods of composting, which releases large volumes of water, CO2 and other gasses as the material breaks down,” Tony Raynor, CEO of SGTM. “The process uses the byproduct of production and the leftovers, which are currently waste materials, but by utilizing these materials, our industry’s mills and mulch yards can create additional beneficial, sustainable product for agriculture and homeowners. We think it is important to help bring this technology and the resources needed to help others in the industry grow with sustainability efforts.”
To view the full press release, visit https://ibn.fm/CxdtB
About The Sustainable Green Team Ltd.
The Sustainable Green Team is a wholesale manufacturer and national supplier of wood-based mulch, lumber products and soil, including the soil-amendment products HumiSoil(R) and XLR8(R). The company sells directly to mass merchandisers, home centers, hardware stores, nurseries, garden centers, convenience stores, food stores and wholesale distributors. The company’s primary corporate objective is to provide a solution for the treatment and handling of tree debris that has been historically sent to local landfills and disposal sites, creating an environmental burden and pressure on disposal sites around the nation. For more information about the company, please visit www.TheSustainableGreenTeam.com.
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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