Digital Utilities Ventures Inc. (OTCMKTS:DUTV) is aiming to have a strong presence in the green solutions marketplace. The company has identified strategic opportunities for acquisitions as well as joint ventures that will enable it to harness existing as well as emerging opportunities.
Consumers know the significance of making their way from conventional to renewable sources producing no ozone-harming greenhouse emissions. Enhancing green solutions in energy supply can reduce dependence on fossil fuel imports and facilitate augmenting occupations in manufacturing, assembling, and more.
On Tuesday, DUTV stock ended flat at $0.0070 with more than 12.96 million shares, compared to its average volume of 9.06 million shares. The stock moved within a range of $0.0061 – 0.0079 after opening trading at $0.0072.
Digital Utilities Ventures, Inc Announces The Acquisition Of Feed Earth Now, LLC.
Digital Utilities Ventures Inc on June 21, 2022, announced the implementation of the agreement with Feed Earth Now LLC, a privately owned limited liability company in Skokie. As part of the agreement, DUTV will be the majority shareholder and over 84 million restricted shares are being placed into Escrow.
In the last 10 years, Cathy Scratch as well as partners at Feed Earth Now, LLC are engaged in developing a revolutionary soil microbe formula from food waste absorbing plant-available nitrates. This will assist in enhancing plant growth as well as disease control and releasing legacy phosphorus present in the soil. The erosion of the excess phosphorus is the main reason for the issue in the Gulf of Mexico’s “dead zone.”
The formula pulls a third of the much-needed fertilizer for agricultural crops from the air. Scratch said that the positive planetary impact of regenerating the soil with microbes from food can help in even fighting climate change.
Mark Gaalswyk, who became the CEO of Digital Utilities recently has created the wholly-owned DUTV MN-based subsidiary company of Easy Modular Manufacturing. This will start to manufacture en masse the factory-built modules in Minnesota.
Mark has created Easy Energy Finance Inc, which would serve as a separate financing entity and then lease to end customers. The firm is planning to join the lease financing capability with the 250 million dollar USDA Government grant program. This will ameliorate the profitability of systems and make the product more economical for new end farmer growers.
The decentralized fully Automatic Easy Fen modular systems will make it possible to have localized “Fertilizer Plant in a Box” a reality. The system will cost about $1,000,000 each.
Scratch says “The positive planetary impact of regenerating our soil with microbes from food that no one eats is massive”, and sites a 2021 Washington Post article that says “1/3 of all food in the U.S. gets wasted and that fixing that could help fight climate change”.
DUTV stock is trading below the 20-Day and 50-Day Moving averages of $0.0079 and $0.0086 respectively. However, the stock is trading above the 200-Day moving average of $0.0057.