SGTM - Sustainable Green Team Ltd. (SGTM) Signs Letter-of-Intent Expanding Their Footprint in the Northeast Region | Benzinga

ORLANDO, Fla., March 28, 2024 (GLOBE NEWSWIRE) -- Sustainable Green Team, Ltd. (OTCQX:SGTM) (), a leading Company in climate reversing technologies and provider of sustainable solutions, announces signing a Letter-of-Intent (LOI) with D2E. The agreement calls for an innovative collaboration focused on manufacturing, distribution, and sales of sustainable, eco-friendly products in the Northeast United States. Upon entering into a Definitive Agreement, the partnership aims to revolutionize the region and expects to generate over $50 million in revenue from July 2024 to June 2027.

Under the terms of the LOI, Sustainable Green Team, Ltd. will take the lead in manufacturing and technology transfer for groundbreaking products like XLR8®Bio. In addition, The Company's subsidiary SGTM-VRM, LLC, will oversee the manufacturing and supply of HUMISOIL® and its related offerings. The partnership's structure with D2E ensures these eco-friendly products' distribution, sales, and manufacturing across multiple states, including Pennsylvania, New Jersey, New York, Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire, and Maine.

Upon entering into a Definitive Agreement, the partnership will unfold in three essential phases: strategy development, knowledge transfer, and expanded product offerings.

During the first phase, scheduled for completion by the end of the second quarter of 2024, D2E will collaborate closely with SGTM-VRM to devise and test a comprehensive sales, marketing, and distribution strategy for HUMISOIL® and XLR8®Bio in the designated territory.

Moving into the second phase, ...

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