Safe and Green Development entered into an amendment to its original contract for the sale of its St. Mary’s site to extend the closing date. After evaluating the current timeline, the closing of this transaction is expected by May 30, 2024, with the transaction potentially concluding as early as May 15th. This transaction will yield in excess of $1M in non-dilutive capital, bolstering the Company’s operational capabilities. Furthermore, the Company announced that the closing for this transaction will take place via SG Devco’s online real estate market platform, Xene Home. This platform offers a seamless and secure digital experience, seeking to revolutionize the way real estate transactions are conducted.
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