Subject: SNRG Q2 Financial Results Should Impress: Revenue Increased by Over 67%

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SNRG Q2 Financial Results Should Impress: Revenue Increased by Over 67%
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Company: SusGlobal Energy Corp. (OTCQB: SNRG)


Price: 0.21

Change (%): - 0.01 (4.55)

Volume: 500
SNRG Chart

SusGlobal Energy Corp. Reports Second Quarter 2019 Financial Results

TORONTO, ON / ACCESSWIRE / August 14, 2019 / SusGlobal Energy Corp. (OTCQB: SNRG), the developer of SusGro®, a revolutionary pathogen-free organic liquid fertilizer, today announced financial results for the second quarter ended June 30, 2019 and provided an update on its operational progress.

Recent Highlights

  • The Company completed the business acquisition of 1684567 Ontario Inc., effective May 24, 2019 including all assets and waste management contracts
  • Through the business acquisition of 1684567 Ontario Inc., the Company now owns the property upon which the organic composting facility is situated comprising 42.18 acres
  • The Company made application to register the Trademarks SusGro,™ Earth’s Journey™ Compost, Leaders
  • in the In The Circular Economy™ and Caring for Earth’s Journey™
  • Revenue increased by over 67% during the second quarter of 2019 compared to the second quarter of 2018
“We continued to work with customers to bring further products to market, while pursuing regulatory certifications. We believe we are making the necessary strategic steps to capture the immense opportunity of processing organic waste, and producing regenerative products, we expect to see increasing tipping fees and compost sales in 2019,” said Marc Hazout, Executive Chairman and President of SusGlobal Energy Corp. “Our goal is to drive revenue and cash flow as quickly as possible as we focus on bringing new processing sites into operation.”

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