Sustainable Green Team Ltd., an Orlando, Florida-based producer of recycled-content wood-based mulch and soil products, says it has filed a Form 10 with the U.S. Securities and Exchange Commission (SEC) to register its common stock pursuant to Section 12(g) of the Securities Exchange Act of 1934.
“This registration statement is expected to become effective automatically 60 days from the date of the original filing," the company says. Currently, its stock trades on an over-the-counter basis.
At that point, Sustainable Green Team says it will be required to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and it will be required to comply with all other obligations of the Exchange Act.
“I am very proud of the hard work done by our team leading to our growth and accelerated progress," Sustainable Green Team CEO Tony Raynor says. "We are confident that these efforts will be rewarded by the positive reception of our current and future investors. Transparency is a key tool that we needed to accelerate the growth of our business, increase shareholder value, and open many opportunities. I look forward to sharing updates on the full reporting process as it progresses.”
The Sustainable Green Team product line includes HumiSoil and XLR8 bio and lumber products. The mulch, soil and lumber products are sold to mass merchandisers, home centers, hardware stores, nurseries, garden centers, convenience stores, food stores, drug stores and wholesalers and distributors.
The company also provides arbor care and storm recovery services to the residential, commercial and municipal markets while offering green waste processing services to waste and recycling companies in the southeastern United States. A company subsidiary, Mulch Manufacturing Inc., is a provider of cypress mulch.
