{"id":2694,"date":"2022-01-26T16:53:24","date_gmt":"2022-01-26T15:53:24","guid":{"rendered":"http:\/\/esgfire.com\/uncategorized\/esgfire-portfolio-company-earthrenew-reports-151-mcad-revenues-for-2021-and-projects-25-mcad-revenues-for-2022-2\/"},"modified":"2022-01-26T16:53:24","modified_gmt":"2022-01-26T15:53:24","slug":"esgfire-portfolio-company-earthrenew-reports-151-mcad-revenues-for-2021-and-projects-25-mcad-revenues-for-2022-2","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/all-posts\/esgfire-portfolio-company-earthrenew-reports-151-mcad-revenues-for-2021-and-projects-25-mcad-revenues-for-2022-2\/","title":{"rendered":"ESGFIRE portfolio company Earthrenew reports $15,1 MCAD revenues for 2021 and projects $25 MCAD revenues for 2022!"},"content":{"rendered":"<p>Company:\u00a0<strong>Earthrenew<\/strong><br \/>\nListings:\u00a0<a href=\"https:\/\/thecse.com\/en\/listings\/cleantech\/earthrenew-inc\">CSE Canada<\/a>\u00a0,\u00a0<a href=\"https:\/\/www.bloomberg.com\/quote\/WIMN:GR\">Frankfurt\u00a0<\/a>and<a href=\"https:\/\/www.otcmarkets.com\/stock\/VVIVF\/overview\">\u00a0US OTC<\/a><br \/>\nTickers: ERTH \/ VVIVF \/ WIMN<br \/>\nMarket cap at time of publication: $17MCAD<br \/>\nStock price at time of publication: $0.18 CAD<br \/>\nBusiness: Regenerative agriculture<br \/>\nWebsite:\u00a0<a href=\"https:\/\/www.clearbluetechnologies.com\/\">https:\/\/www.earthrenew.ca\/<\/a><\/p>\n<p><strong>ESGFIRE comment: We are very impressed with the development of revenues for Earthrenew that shows a tripple digit growth during 2021. We are also very encouraged to see that the company projects a growth of 71 % to over 25 MCAD in revenues for 2022. This remains one of our biggest holdings and trading at a P\/S multiple of 0,6 for 2022 guidance we think there is a big upside for Earthrenew.<\/strong><\/p>\n<p>CALGARY, Alberta, Jan. 25, 2022 (GLOBE NEWSWIRE) \u2014 EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF; Frankfurt:WIMN) (\u201cEarthRenew\u201d or the \u201cCompany\u201d), along with its wholly owned subsidiary, Replenish Nutrients Ltd. (\u201cReplenish\u201d), is reporting revenue for January to December 2021 of $14 million, up 106% or $7.2 million from the same period in 2020. Since the closing of the acquisition on May 1, 2021, Replenish Nutrients reports $11.1 million in revenue. EarthRenew is also reporting 2021 revenue from power generation of $1.1 million surpassing 2020 power revenue of $0.4 million.<\/p>\n<p>On a consolidated basis, the total combined revenue of EarthRenew and Replenish for period of January to December 2021 was $15.1 million. Consolidated results since closing of the acquisition of Replenish on May 1, 2021 is $12.2 million in revenue. On this basis, EarthRenew is anticipating positive earnings from operations results for Q4, 2021.<\/p>\n<p>With the revenue leap coming almost exclusively from Replenish sales, the Company is focused on driving uptake within the regenerative fertilizer market, leaning into the Replenish business. CEO Keith Driver commented, \u201cWe are pleased to see the year-over-year growth in revenue from the sale of regenerative fertilizer on track, as predicted.\u00a0 At the same time, we are close to commissioning Replenish\u2019s expanded Beiseker facility, growing our granulated production capacity to 20,000 tonnes from 4,000 tonnes.\u201d<\/p>\n<p>With the commissioning, EarthRenew is forecasting growth in revenues from fertilizer to be in excess of $24 million for 2022 (71% growth). This growth in sales will largely be a result of the additional production capacity for granulated fertilizers coming online at the production facility in Beiseker, Alberta, as well as some efficiencies in the blended fertilizer business.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Legal Disclaimer<\/strong><\/p>\n<p><strong>We own shares of these companies personally.<\/strong><\/p>\n<p><strong>Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n<p>Companies may or may not be paying us for content posted on this website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company:\u00a0Earthrenew Listings:\u00a0CSE Canada\u00a0,\u00a0Frankfurt\u00a0and\u00a0US OTC Tickers: ERTH \/ VVIVF \/ WIMN Market cap at time of publication: $17MCAD Stock price at time of publication: $0.18 CAD Business: Regenerative agriculture Website:\u00a0https:\/\/www.earthrenew.ca\/ ESGFIRE comment: We are very impressed with the development of revenues for Earthrenew that shows a tripple digit growth during 2021. We are also very encouraged [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148,6,128],"tags":[],"class_list":["post-2694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-earthrenew","category-reports-news-interviews"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ESGFIRE portfolio company Earthrenew reports $15,1 MCAD revenues for 2021 and projects $25 MCAD revenues for 2022! - ESG Fire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/esgfire.com\/en\/all-posts\/esgfire-portfolio-company-earthrenew-reports-151-mcad-revenues-for-2021-and-projects-25-mcad-revenues-for-2022-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESGFIRE portfolio company Earthrenew reports $15,1 MCAD revenues for 2021 and projects $25 MCAD revenues for 2022! - ESG Fire\" \/>\n<meta property=\"og:description\" content=\"Company:\u00a0Earthrenew Listings:\u00a0CSE Canada\u00a0,\u00a0Frankfurt\u00a0and\u00a0US OTC Tickers: ERTH \/ VVIVF \/ WIMN Market cap at time of publication: $17MCAD Stock price at time of publication: $0.18 CAD Business: Regenerative agriculture Website:\u00a0https:\/\/www.earthrenew.ca\/ ESGFIRE comment: We are very impressed with the development of revenues for Earthrenew that shows a tripple digit growth during 2021. 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