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Friday, December 2, 2022

Susglobal Energy Corp (OTCMKTS: SNRG) Steady Rise as Co Shares Q1, 2022 Financial Results & Looks to Up List to National Exchange (Leaders in Circular Economy, SusGro)

Susglobal Energy Corp (OTCMKTS: SNRG) is an exciting story developing in small caps that is rocketing up the charts recently hitting a high of $0.869 before forming a new base in the $0.70 range. With just 70 million free trading shares in the market and authorized capped at 150 million SNRG has a low float and moves quickly. The Company is NASDAQ bound and needs to get the share price to the $1.25 range to do a 1 for 4 reverse to $5 per share. High value Companies such as SNRG do really well when the reverse onto the NASDAQ. We have written about this phenomenon many times before and SNRG is in great shape here. Speculators are looking for a breakout over $0.869 and its blue skies ahead for SNRG. 

An emerging leader in the circular economy, SNRG is the developer of SusGro™, a revolutionary pathogen-free organic liquid fertilizer and operates a 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility in Belleville, Ontario. SNRG is building out its 51,535 square foot facility on 3.26 acres, in Hamilton, Ontario, which includes an Environmental Compliance Approval (“ECA”) to process up to 65,884 metric tonnes per annum of organic waste into regenerative products as part of the Company’s circular economy model and continued climate change initiatives. Susglobal plans on expanding on its core Canadian operations and use those as a model for processing waste in the United States, beginning with Florida and California by 2024. SusGlobal is also keeping an eye on Europe for possible licensing opportunities. 

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Susglobal Energy Corp (OTCMKTS: SNRG) is the developer of SusGro™, a revolutionary pathogen-free organic liquid fertilizer and LEADERS IN THE CIRCULAR ECONOMY® are a waste to energy and regenerative products provider and the Company’s resulting fertilizers are available in major home improvement retailers such as Lowe’s Cos. Inc. The Company is an emerging leader in the circular economy; a systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. SusGro™, is an award winning and revolutionary pathogen free organic liquid fertilizer, and an industrial, environmental and agricultural biotechnology company focused on acquiring, developing, and monetizing a portfolio of proprietary technologies in the waste to energy and regenerative product applications globally. It is management’s objective to grow SusGlobal into a significant sustainable waste to energy and regenerative products provider and a trusted brand for the fertilizer, soil and aquaculture market, as LEADERS IN THE CIRCULAR ECONOMY®.  

the Company recently signed an Offset Development and Marketing Agreement with Blue Source Canada ULC to develop and market greenhouse gas offset credits from the Company’s 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility in Belleville, Ontario, in order for the Company to monetize and realize benefits from its voluntary activities. This monetization is an exciting development for the Company’s mission to reduce organic wastes from wood, leaf and yard material, treated municipal sewage waste (biosolids), residential curbside green bin material or source separated organics (“SSO”) and paper sludge otherwise destined for landfills, allowing the Company to expand this mission. Bluesource has pioneered creative solutions to climate change for over 20 years. The Company expects to monetize in Q2, 2022. 

On March 14, 2022, the Company announced that its wholly owned subsidiary, SusGlobal Energy Canada Corp. entered into a non-binding letter of intent to acquire a soil media, plant nutrients, and amendments producer approved for organic use and specifically formulated for producing high-quality fruit and flowering crops for an aggregate purchase price of US$15,584,000 (CA$20,000,000). As a condition of the Acquisition, SusGlobal Canada will make a US$3,896,000 (CA$5,000,000) working capital investment into the Target and provided a US$157,018 (CA$200,000) deposit (the “Deposit”) on March 8, 2022. SusGlobal Canada has prepared definitive transaction documents including a Share Purchase Agreement (the “SPA”) for all of the shares of Target. If the closing of the Acquisition does not occur by an agreed upon date in June 2022, the Deposit shall be refunded to SusGlobal Canada. 

Susglobal is building out its new 51,535 square foot facility on 3.26 acres located at 520 Nash Road North, in Hamilton, Ontario, which includes an Environmental Compliance Approval (“ECA”) to process up to 65,884 metric tonnes per annum of organic waste into regenerative products as part of the Company’s circular economy model and continued climate change initiatives. Completion of the second facility is on track and slated for Q3, 2022.. On January 5, 2022, the Company announced that SusGlobal Belleville has received Licence # 2984, at Pt. Lot 20, Conc. 8, Geographic Township of Thurlow, City of Belleville, Hastings County, approved by The Ministry of Northern Development, Mines, Natural Resources and Forestry (“NDMNRF”) to operate a pit above water under Section 18(3)1 of the Aggregate Resources Act (“ARA”) for a 2.66 hectare site with a tonnage condition authorizing removal of 20,000 tonnes of aggregate annually from the site. 

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The facility has been designed to produce, distribute and warehouse the Company’s SusGro™ organic liquid fertilizer and other proprietary products that are provided under private label and sold through big box retailers, consumer lawn and garden suppliers and for end use to the wine, cannabis and agriculture industries. The Company believes the Property will be ready to produce and store products by September 30, 2022. With the addition of 11,000 square feet of corporate office space and R&D labs, the Hamilton facility will also house the continued development of SUSGLOBAL’s proprietary formulations, branded liquid and dry organic fertilizers and aquaculture products.

Synthetic chemicals are used extensively to boost yields and to prevent crop loss from pests and fungus. However, overuse of these chemicals is damaging soil health and breeding resistant pests, which is limiting long-term yield potential. SUSGLOBAL is developing technologies to replace existing practices with more environmentally friendly options. 

The Hamilton facility will also house and distribute the products of the recently announced acquisition, a soil media, plant nutrients, and amendments producer, slated to close in Q2 2022. This acquisition is of an International Organization for Standardization (“ISO”) accredited company which only sources the finest inputs in formulating their line of quality products that are sold to customers across Canada and the United States. We have signed a non-binding letter of intent with the ISO accredited company. The ramp up of production and sales of our organic liquid fertilizer and other proprietary products via our Hamilton facility will depend upon the closing of this acquisition. 

On May 24 SNRG announced financial results for the first quarter ended March 31, 2022 and provided an update on its operational progress. Revenue decreased by 25.01% during the first quarter of 2022 to $144,470 compared to the first quarter of 2021 in the amount of $192,660, from decreased business from the Company’s organic waste processing and composting facility. 

Marc Hazout, Executive Chairman, President and CEO of SusGlobal Energy Corp stated: “We continue to process municipal organic waste streams, diverting them from landfills, while producing regenerative products as part of our Circular Economy model. We have confidence in a revenue ramp up this year. Our goal is to complete the acquisition strategy and have our second facility commence the commercialization of our proprietary organic liquid fertilizer in order to increase revenue and cash flow, maximizing shareholder value with an objective to up-list to a major exchange.” 

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Currently trading at a $68 million market valuation SNRG has 96,523,547 shares outstanding only 70 million of which are free trading SNRG has a low float and moves fast on any interest. SNRG is an emerging leader in the circular economy and is the developer of SusGro™, an award winning, revolutionary pathogen free organic liquid fertilizer, considered an economical, sustainable and highly effective alternative to traditional fertilizers.  To emphasize SusGlobal’s relatively easy access to feedstock, the Company is banking on what it calls a new “lucrative” contract with a larger municipality which is trying to improve its treatment of organic waste. The contract will reportedly help SusGlobal boost its current operating level from 25% at the Belleville location to close to the facility’s capacity of 120,000 metric tons by the end of 2022. According to new report from Marketsandresearch the future of the organic fertilizer market looks promising with opportunities in the farming and gardening applications. The global organic fertilizer market is expected to reach an estimated $15.8 billion by 2026 with a CAGR of 13.7% from 2020 to 2026. The major drivers for this market are increasing consumption of organic food, favorable government regulations, and ease in availability of organic waste. Microcapdaily first reported on SNRG in the second week of April and we will continue to do so as the Company looks to up list the NASDAQ. We will be updating on SNRG when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SNRG.

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Disclosure: we hold no position in SNRG either long or short and we have not been compensated for this article.

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2 COMMENTS

  1. SNRG has revenue of $0.144 million in Q1 and has experienced more than 25% decrease in revenue for each quarter during 2021 from 2020, but still projects revenue of $14 million for 2022? How can you put such misinformation out? SNRG has not produced even one gallon of liquid fertilizer – the container shown is EMPTY! Check the website – there is no Organic Certification for any or their products. It is illegal to sell organic products without those certifications.

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