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Safe and Green Development Corporation Secures New Purchase Orders From Large Agricultural Inputs Distributor
Globenewswire· 2025-11-25 14:00
Core Insights - Safe and Green Development Corporation has secured multiple purchase orders from a large U.S. distributor for wood fines produced at its Myakka, Florida site, indicating strong demand in specialty agriculture markets [1][2][3] Company Operations - The current weekly volume from the Myakka site is approximately $9,000, with expectations for orders to continue at this rate based on customer demand [2] - The wood fines are produced using the Company's high-capacity Diamond Z grinder system, which processes organic materials into various grades for commercial applications, including soils and horticultural products [2][3] - The Myakka site is expanding its customer base, supporting the Company's strategy to scale its engineered soils and organics recycling operations across key agricultural and turf markets [3][4] Market Position - The Company is experiencing strong interest in high-quality organic inputs from various sectors, including agriculture and specialty horticulture, which enhances its market position [4] - Engagements with established industry operators are expected to strengthen volume consistency, improve site throughput, and enhance operational efficiency [3][4] Future Growth - The Company is evaluating additional customer expansion opportunities as it increases capacity at the Myakka site and advances its broader engineered soils strategy across Florida [4]
Safe and Green Development Corporation Achieves Strategic Milestone with Acquisition of Resource Group
Prnewswire· 2025-06-03 13:00
Core Viewpoint - The acquisition of Resource Group by Safe and Green Development Corporation (SGD) is a strategic move aimed at enhancing revenue-generating operations and aligning with the company's vision for sustainable development [2][5]. Company Overview - Safe and Green Development Corporation is a publicly traded real estate and development company focused on innovative and green building practices, utilizing prefabricated modules made from wood and steel [12]. - Resource Group US Holdings LLC specializes in transforming organic green waste into engineered soil and mulch products, providing sustainable solutions for various sectors [3]. Acquisition Details - SGD has completed the acquisition of Resource Group, which includes a permitted composting facility, two green waste aggregation sites, and a transportation fleet [2]. - The acquisition is expected to add significant revenues and growth potential to SGD's core business [5]. - SGD issued 376,818 shares of common stock, 1,500,000 shares of non-voting Series A Convertible Preferred Stock, and $480,000 in unsecured promissory notes as part of the acquisition [5]. Operational Integration - The Resource Group team will continue in their current roles, collaborating with SGD's leadership to ensure a seamless transition and integration of operations [4]. - The combined entity is working on aligning operations, optimizing logistics, and expanding sales of environmentally responsible products [11]. Future Plans - SGD plans to reconstitute its board of directors to include members from Resource Group, enhancing governance and oversight [6]. - The company is in the process of rebranding under a new name, which will be announced soon [11].