24/7 Market News Snapshot 23 October, 2024 – Safe and Green Development Corporation Common Stock (NASDAQ:SGD)

October 23, 2024

DENVER, Colo., 23 October, 2024 (247marketnews.com) – (NASDAQ:SGD) are discussed in this article.
Safe and Green Development Corporation is experiencing significant momentum as its common stock has surged to $3.376, reflecting a substantial increase of 24.58% from the previous close of $2.710. This noteworthy rise has been accompanied by a robust trading volume of 1.06 million shares, signaling heightened interest from investors in the company’s potential within the green development sector.

In parallel to this stock performance, the Corporation is delighted to announce a critical advancement in its Sugar Phase I Development project, having successfully poured the foundation for its inaugural model home. This milestone marks a pivotal step forward in the initiative, with the model home expected to be completed within the next 75 days. Following the recent financing terms secured for vertical construction, Safe and Green is set to kick off the construction of the first five homes shortly thereafter.

The company is dedicated to utilizing innovative, environmentally friendly solutions through the employment of prefabricated modules crafted from sustainable materials. This forward-thinking approach aims to deliver high-quality, efficient residences that cater to various economic segments. Additionally, the Corporation is enhancing its technological edge via its majority-owned subsidiary, Majestic World Holdings LLC, which is in the process of launching an advanced real estate AI platform. This initiative seeks to streamline interactions among key stakeholders—banks, builders, agents, and clients—within the real estate market.

With both the stock performance and development initiatives gaining traction, Safe and Green Development Corporation is poised for a transformative impact in the real estate sector, committed to fostering sustainable housing solutions and innovative practices. Stakeholders can remain assured of regular updates as these projects progress.

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