SusGlobal Energy Corp. (OTCQB:SNRG) a Rising Star in Waste Reduction Circles
An increasing number of farming businesses are looking for organic liquid fertilizers; as a provider of such products, SusGlobal Energy Corp. (OTCQB:SNRG) is inherently getting more attention from the investment community.
SusGlobal is best known as the developer of SusGro®, a pathogen-free organic liquid fertilizer. However, the scope of the company and its business could be more far-reaching than what people might imagine. As climate change again takes the lead in headlines and federal policy, more institutions are looking to back companies that could be part of a circular (use and reuse) vs linear (use and discard) economic system.
In a world increasingly focused on waste reduction and climate control, it is easy to see how SusGlobal – which routes organic waste away from landfills and ultimately reduces greenhouse gas emissions – is being recognized as a valued contributor to the development of a circular economy.
In fact, in September 2020, The Finnish Innovation Fund Sitra included SusGlobal in its list of 39 inspiring circular economy firms in the world.
Though an impressive accolade, SusGlobal is rapidly working on several other initiatives to further strengthen its business. In this regard, the best person who could provide a glimpse into the roadmap of the company is its Chief Executive Officer Marc Hazout.
In Discussion with SmallCapVoice.com
Hazout recently appeared in a chat with SmallCapVoice.com and shared highly interesting details about SusGlobal’s business and its future plans. One of the first things discussed was that SusGlobal and its team are recognized as “Leaders in The Circular Economy” – which the company actually trademarked.
SusGlobal uses its expertise to recycle organic waste into items such as organic dry compost and organic liquid fertilizers, among others. While the fertilizer business makes up a significant portion of the company’s business, it is also necessary to note the importance of its municipal waste management contracts and other recent key developments.
In late January, SusGlobal announced the pay-off of all its convertible notes to the tune of as much as $1.52 million. This move is part of the company’s growth strategy for 2021.
Earlier this week, SusGlobal further solidified its credentials in the circular economy ecosystem after the Ydro Process® was integrated into the Organic Waste Processing and Composting Facility owned by SusGlobal Energy Belleville Ltd.
In his discussion with SmallCap Voice, Hazout also highlighted SusGlobal’s third-quarter 2020 earnings. Revenues for the three months ended Sept. 30, 2020, increased by more than 12% to $439,507 compared to the comparable quarter of 2019; the total cost of sales came in at $307,665; and the company reported a net loss of $(429,046), or a loss of $0.01 per share.