Business
The Sustainable Green Team Signs Agreement With VRM Biologik Group to Revolutionize the Organic Waste & Soil Health Industry
The Sustainable Green Team Signs Agreement With VRM Biologik Group to Revolutionize the Organic Waste & Soil Health Industry.
About this update from Sustainable Green Team, Ltd.
[{"type":"text","content":"\n Companies Collaborate to Produce Soil Treatment Products That Rebuild Soil Hydration on a Cellular Level From Vegetative and Wood Waste NEW YORK, NY, Oct. 14, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – The Sustainable Green Team LTD (OTCMKTS: SGTM), an industry-leading wholesale manufacturer and supplier of consumer and industrial wood-based mulch, soil, and lumber products nationwide, is delighted to announce its new agreement with Australia-based VRM Biologik Group, bringing VRM’s world-leading soil moisture technology, HumiSoil® and XLR8 Bio®, to the United States. VRM Biologik’s technology uses any vegetative green waste or compostable material, including wood material such as sawdust or chips or grindings from wood material, and applies a catalyst to stimulate natural reactions that manufactures and stores soil moisture. The 100-percent organic material is converted into HumiSoil®, a valuable soil amendment, reducing the need for fertilizers and chemicals while increasing production of agricultural products, including livestock grazing on pastureland. Under the agreement, SGTM acquired 10% of VRM’s US subsidiary, VRM Biologik Inc., in exchange for 6 million shares of SGTM common stock, and SGTM was granted licenses to use VRM Biologik technologies for 10 years, with an option to renew for an additional five years.  SGTM has the rights to distribute HumiSoil® and XLR8 Bio® worldwide, in addition to the right to manufacture the VRM Biologik Inc. catalyst in Florida, Washington State and the Caribbean. Further, SGTM purchased an inventory of VRM’s catalyst ingredients with a value of $80 million, giving SGTM capacity to manufacture four million yards of Humisoil® and its companion products, expected to be worth over $950 million at retail market value. The Sustainable Green Team Ltd., which has mulch production facilities and several sawmills across the country, will make HumiSoil® and XLR8 Bio® available for home gardens and lawns throughout the U.S. to help relieve water use in cities, and to help VRM Biologik in its mission to restore productivity in depleted topsoil in 25 percent of the world’s arable land. “We’re excited to partner with VRM Biologik whose process is a huge benefit to the mulch and forest products industry,R...