- SGTM secures new soil and mulch contracts through subsidiary Mulch Manufacturing Inc. to supply The Kroger Co. and Circle K
- Subsidiary Central Florida Arborcare awarded contract with Lake County, Florida
- Mulch Manufacturing Inc. received contract renewal from Menards Inc.
- Q2 results include $12.3 million revenue, $3.4 million gross profit
Sustainable Green Team (OTC: SGTM) takes environmental stewardship seriously by providing environmentally beneficial solutions for storm waste disposal that transform landfill-bound trees into next-generation organic mulch products and certified playground surface material. Despite the global recession, the company continues to grow. Through its subsidiary Mulch Manufacturing Inc., SGTM has been awarded contracts to supply The Kroger Co. and Alimentation Couche-Tard Inc. – specifically, for three divisions of its Circle K subsidiary.
The Kroger Co. is the largest supermarket in the United States and the fifth-largest in the world, with roughly 2,750 supermarkets and multi-department stores. The mulch and soil purchasing agreement with Mulch Manufacturing will have SGTM supply Kroger’s Louisville, Kentucky division of 94 stores with a variety of mulch products that include varieties of pine, cypress and cedar.
“Securing a mulch and soil purchasing agreement with the Louisville, Kentucky division of The Kroger Company is an honor and the first step to expand further into their other divisions,” said SGTM CEO and Director Tony Raynor (https://ibn.fm/QEy1u).
Along with The Kroger Co., Mulch Manufacturing was awarded another contract with Alimentation Couche-Tard Inc. to supply three divisions of its Circle K subsidiary – its largest and most international brand. Comprising roughly 9,700 locations in North America, 2,700 in Europe and an additional 2,400 stores worldwide, Circle-K is a recognized brand that spans the Americas all the way to Asia.
“Obtaining three (divisions) for Circle K mulch contracts for 2021 gives us an amazing opportunity to build a relationship with their brand and expand throughout more stores,” said Raynor in recent statements (https://ibn.fm/l3d0v). “We have been blessed to be offered these amazing opportunities from large chain accounts to help further expand our brand and overall exposure.”
Along with these contracts, SGTM has secured agreements through its subsidiary Central Florida Arborcare to provide tree services to Lake County, Florida. This came shortly after being awarded a mulch packaging contract renewal from Menards Inc., the third-largest home improvement chain in the United States with 350 stores across 15 states.
SGTM also provided remediation efforts in the wake of Hurricane Laura through its strategic partner, ArborPro of Mississippi Inc., that diverted damaged trees and other vegetation from landfills. The busy hurricane season contributed significantly to the company’s bottom line this quarter that included an impressive $12.3 million in revenue and $3.4 million in gross profit (https://ibn.fm/mml8i).
SGTM’s expansion strategy combines organic growth, profitable acquisitions and strategic partnerships throughout the United States. The company has a strong commitment to environmental sustainability that served as a primary motivation behind their name and ticker change from National Storm Recovery Inc. (OTC: NSRI) to Sustainable Green Team, Ltd. (OTC: SGTM). Besides driving its environmental mission forward, the company is also dedicated to maximizing shareholder value, particularly for investors that seek profitable opportunities for ethical investing during this challenging economic period.
To learn more about Sustainable Green Team Ltd., view the investor presentation at https://ibn.fm/jzI4b
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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