#USA #Miami #Safe and Green #SGD #Resource Group

Strategic Milestone for Safe and Green Development Corporation

In a significant move highlighting its commitment to sustainability and growth, Safe and Green Development Corporation (NASDAQ: SGD) has successfully completed its acquisition of Resource Group US Holdings LLC. This acquisition positions SGD as a key player in the environmental solutions sector, focusing on transforming organic waste materials into effective soil and mulch products. This strategic decision reflects SGD's realignment towards enhancing its revenue-generating operations while contributing to environmental sustainability.

About the Acquisition

The acquisition of Resource Group, a pioneer in organic waste recycling and compost innovation, grants SGD a fully integrated operational platform. Included in the deal is a permitted composting facility, several green waste aggregation sites, and a dedicated transportation fleet. This streamlined infrastructure not only simplifies the collection and processing of organic waste but also bolsters the distribution of environmentally friendly soil solutions.

Resource Group US specializes in applying innovative technologies to develop premium soil products. One of its signature innovations is SURGRO™, a low-carbon substrate that serves as an environmentally prudent alternative to traditional peat-based horticultural mixes. The proprietary manufacturing process employs advanced kinetic-convection grinding, enhancing resource efficiency and reducing the environmental footprint of horticulture practices.

Seamless Integration with Resource Group

The integration process is designed to maintain operational continuity. The current team from Resource Group will remain in their positions, working closely with SGD’s leadership to ensure that both companies synchronize their systems efficiently. This collaborative effort emphasizes shared goals and the expansion of market opportunities in sustainable product lines.

David Villarreal, Chief Executive Officer of SGD, articulated the significance of this acquisition: “The acquisition of Resource Group represents a milestone in the Company's strategic direction, adding significant revenues and growth potential to our core business. We are now focused on scaling the existing revenue, delivering impact, and creating shareholder value.” This collaboration aims to leverage Resource Group's operational strengths and innovative technologies to realize SGD’s vision of a greener future.

Financial Overview and Future Prospects

As part of the acquisition, SGD has issued several equity securities to the members of Resource Group. This includes shares of SGD's common stock and a newly designated series of non-voting preferred stock convertible into common shares, along with some promissory notes. This financial strategy is aimed at facilitating a smooth transition and aligning interests between SGD and Resource Group’s stakeholders.

Following the acquisition, SGD plans to restructure its board to include members from Resource Group, underscoring the commitment to collaborative governance and shared strategic objectives. Additionally, an imminent proxy statement will be filed with the SEC, detailing necessary approvals for the newly issued shares intended for Resource Group's members.

Building a Greener Future

The combined entity, soon to be rebranded, will intensify its focus on reimagining waste management through sustainable practices. By aligning their operations and logistics, SGD and Resource Group aim to expand their reach in the marketplace while ensuring environmental responsibility.

In parallel to the acquisition, Safe and Green Development Corporation is innovating in other realms of real estate development, particularly through its subsidiary Majestic World Holdings, which has introduced an AI-platform to modernize real estate transactions. Furthermore, MyVONIA Innovations LLC offers an AI-powered personal assistant that promises to enhance productivity by simplifying daily tasks for individuals and organizations.

As SGD embraces its new role in promoting environmental sustainability through innovative solutions and strategic partnerships, it sets a compelling example for the wider industry amid growing demands for eco-friendly practices. In doing so, SGD is not only achieving its business objectives but also contributing to broader ecological goals that benefit communities and the environment at large.

With strong leadership, innovative technology, and a commitment to sustainability, the future looks promising for Safe and Green Development Corporation as it moves to solidify its place as a leader in the sustainable development landscape.