Safe And Green Development Corporation Inks Preliminary Purchase Commitment Up To $2.8M For South Texas Project; The Sale Of The First 5 Homes, Referenced In The Commitment, Is Expected To Generate ~$1M In Revenue For The Company
Portfolio Pulse from Benzinga Newsdesk
Safe and Green Development Corporation (NASDAQ:SGD) has secured a preliminary purchase commitment from Trio for its South Texas project, potentially generating up to $2.8 million in sales. The first 5 homes are expected to bring in $1 million in revenue.
October 09, 2024 | 1:02 pm
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Safe and Green Development Corporation has received a preliminary purchase commitment from Trio for its South Texas project, which could generate up to $2.8 million in sales. The first 5 homes are expected to generate $1 million in revenue.
The preliminary purchase commitment from Trio for up to 14 homes in the South Texas project is a positive development for SGD, indicating potential revenue growth. The expected $1 million from the first 5 homes suggests strong initial sales, likely boosting investor confidence and positively impacting the stock price in the short term.
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