SGTM - Sustainable Green Team Ltd. Acquires Regen Hubs its Related Entities and its Assets | Benzinga
ORLANDO, Fla., July 02, 2024 (GLOBE NEWSWIRE) -- Sustainable Green Team, Ltd. (OTC:SGTM) announces, pursuant to a Binding Letter-of-Intent completed the strategic acquisition of Regen Hubs North America, Inc., Regen Hubs International, Inc., and HumiRock, LLC, along with their affiliates known as "Regen Hubs."
The definitive agreement closed on July 1, 2024; the closing terms will be forthcoming in disclosure documents. SGTM believes Regen Hubs has accretive business operations, products, and technologies to grow consolidated operations. Regen Hubs brings an extensive professional and geographical network, which SGTM intends to leverage to expand its reach and drive positive change within the industry.
Regen Hubs is a leading organization focused on improving soil health, reducing chemical usage, and enhancing farmers' profitability through cutting-edge technology and strong partnerships. Committed to revolutionizing sustainable agricultural practices, Regen Hubs is at the forefront of driving positive change in the industry.
The SGTM team and Regen Hubs personnel are immediately working on a comprehensive plan for the sale, packaging, and distribution of SGTM's complete suite of products across various market sectors. Leveraging Regen Hubs' expertise and marketing networks, SGTM intends to establish strong partnerships and secure contracts with the military, NASA, federal and state governments, port authorities, universities, Indian reservations, and cattle ranchers in the United States, Africa, Mexico, and Panama.
Chad Roy, former President of Regen Hubs, states, "It's a great pleasure to finalize the acquisition of Regen Hubs North America Inc. by SGTM. This gives us an extraordinary delivery system provided by SGTM into our global partnerships, both in the retail and ...