Safe & Green Holdings Corp. Provides Update On Magnolia Residential Project; SG Echo Expected To Generate $130M of Inter-Company Revenue, As SG DevCo Executes On Strategy To Expand The Value Of Its Asset Base
Portfolio Pulse from Happy Mohamed
Safe & Green Holdings Corp. (NASDAQ:SGBX) provided an update on its Magnolia Residential project, which is now in the architectural and engineering design phase. The company is exploring various funding options and expects to generate $130M of inter-company revenue from the project. The project is expected to significantly increase the asset base and future cash flow of SG DevCo, a subsidiary of Safe & Green Holdings.
July 17, 2023 | 12:32 pm
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Safe & Green Holdings Corp.'s Magnolia Residential project is expected to generate $130M of inter-company revenue and significantly increase the asset base and future cash flow of SG DevCo. This could potentially boost the company's stock price.
The news about the progress of the Magnolia Residential project and its expected revenue generation is positive for Safe & Green Holdings Corp. This could potentially attract investors, leading to an increase in demand for the company's stock and subsequently, its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100