Sun, 16 May 2021

TORONTO, ON / ACCESSWIRE / April 16, 2021 / SusGlobal Energy Corp. ('SusGlobal') or (the 'Company') (OTCQB:SNRG), the developer of SusGro™, a revolutionary pathogen-free organic liquid fertilizer, and LEADERS IN THE CIRCULAR ECONOMY®, today announced financial results for the fourth quarter and full-year ended December 31, 2020 and provided an update on its operational progress.

Recent Highlights

Revenue increased by 20.58% during the fourth quarter of 2020 to $432,263 compared to the fourth quarter of 2019 in the amount of $358,498, from increased business from the Company's organic waste processing and composting facility.

'We continue to process municipal organic waste streams, diverting them from landfills, while producing regenerative products such as Earth's Journey® Organic Compost, as part of our Circular Economy model. We have confidence in a revenue ramp up this year,' said Marc Hazout, Executive Chairman, President, and CEO of SusGlobal Energy Corp. 'Our goal is to complete our regional strategy with a second facility and the commercialization of our proprietary organic liquid fertilizer in order to increase revenue and cash flow, maximizing shareholder value with an objective to up-list to a major exchange.'

Unaudited 2020 Fourth Quarter Financial Results

For the fourth quarter ended December 31, 2020, SusGlobal recorded:

About SusGlobal Energy Corp.

SusGlobal Energy Corp., the developer of SusGro™, a revolutionary pathogen-free organic liquid fertilizer, is a renewables company focused on acquiring, developing, and monetizing a portfolio of proprietary technologies in the waste to energy and regenerative products applications globally. It is management's objective to grow SusGlobal into a significant sustainable waste to energy and regenerative products provider, as Leaders in The Circular Economy®. For more information, please visit the Company's website at https://susglobalenergy.com

Safe Harbor Statement

This news release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's objectives. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'aims,' 'potential,' 'goal,' 'objective,' 'prospective,' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'can,' 'could' or 'should' occur. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, lack of sufficient financial resources; variations in market conditions, currency, and our stock; the Company's ability to obtain any necessary permits, approvals, consents or authorizations required for its activities; the Company's ability to produce energy, biogas, compost or organic fertilizer from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company's filings with the U.S. Securities and Exchange Commission, which may be viewed at www.sec.gov.

- Financial Tables Follow -

SusGlobal Energy Corp.
Consolidated Balance Sheets
As at December 31, 2020 and 2019
(Expressed in United States Dollars)

SusGlobal Energy Corp.
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss

For the three-month periods ended December 31, 2020 and 2019
(Expressed in United States Dollars)
(Unaudited)

SusGlobal Energy Corp.
Interim Condensed Consolidated Reconciliation of Non-GAAP Information

For the three-month periods ended December 31, 2020 and 2019
(Expressed in United States Dollars)
(Unaudited)

CONTACT:

SusGlobal Energy Corp.
Marc Hazout, President and CEO
(416) 223-8500 or Toll-Free: 1-866-512-7374
Email: info@susglobalenergy.com

SOURCE: SusGlobal Energy Corp.


View source version on accesswire.com:
https://www.accesswire.com/640663/SusGlobal-Energy-Corp-Reports-Fourth-Quarter-and-Full-Year-2020-Financial-Results

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