Zefiro Methane Corp. acquires Plants & Goodwin in September 2024

In Fort Lauderdale, Florida, on September 30, 2024, Zefiro Methane Corp. announced the completion of a significant transaction involving its subsidiary, Plants & Goodwin, Inc. The company acquired the remaining common shares of P&G from Luke Plants, who received newly issued preferred stock in exchange. This strategic move allows Zefiro to fully control P&G, enhancing its operational capabilities in methane abatement, a critical area for environmental sustainability. The preferred shares granted to Luke Plants come with specific rights, including a liquidation preference and a dividend structure, which will be payable in kind until certain financial milestones are met. Zefiro Methane Corp. is focused on addressing methane emissions, which are a significant contributor to climate change. The company aims to leverage its expertise to develop innovative solutions for cleaning up air, land, and water sources affected by methane leaks. The completion of this transaction is expected to bolster Zefiro's position in the environmental services sector, particularly as it seeks to expand its operations in the United States. The company’s future plans include potential public offerings and partnerships with various stakeholders, including industry operators and government agencies. These initiatives are part of Zefiro's broader strategy to enhance its market presence and drive revenue growth while contributing to environmental sustainability efforts. Overall, this acquisition marks a pivotal moment for Zefiro Methane Corp., positioning it for future growth and reinforcing its commitment to active sustainability in the face of pressing environmental challenges.