Safe And Green Development Executes Contract To Sell Lago Vista Site; Closing Of Transaction Would Result In ~$5
Portfolio Pulse from Benzinga Newsdesk
Safe And Green Development (SGD) has executed a contract to sell its Lago Vista site. The closing of this transaction is expected to result in approximately $5 million in revenue for SGD.
April 26, 2024 | 1:06 pm
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The sale of the Lago Vista site is expected to significantly boost Safe And Green Development's revenue by approximately $5 million.
The sale of a significant asset like the Lago Vista site directly impacts SGD's financial position by increasing its revenue. This is a positive development for the company and is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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