Home biodiesel processing company Extreme Biodiesel Inc (OTCMKTS:XTRM) provided a key update to all its shareholders back on February 25, 2020. Extreme Biodiesel announced that it started off 2021 in a thumping fashion because of the impressive performance of its subsidiary company North Star Homes.
At the time, Extreme Biodiesel announced that as of February 25, as many as 21 homes had been pre-sold and all those homes were under construction at that point. However, that is not all. The company also mentioned that North Star Homes owned as many as 71 lots at the time and all those lots were available for building homes.
More importantly, the company stated at the time that it has been beating all the projected sales from one month to the next and hence, the quarter ending March 31, 2020, was on track to beat all previous quarters.
The company expects the quarter to be the strongest in its lifetime. It is easy to see why Extreme Biodiesel might have received a significant boost through the performance of North Star Homes. The subsidiary operates in Boise, Idaho, which is one of the most promising real estate markets in the United States at this point.
Extreme Biodiesel has managed to position its subsidiary in a hot market as a high-class home builder and eventually extract the biggest advantage from the market.
In addition to that, the company continues to look for further lucrative opportunities as it tries to fuel further growth. Vinnie Angelos, who is the Chief Executive Officer of Extreme Biodiesel, stated that the company already has a reputation as a high-quality home builder. It is that reputation that has allowed its subsidiary to become a dominant player in the rapidly growing market in Boise.
He went on to state that the company has also timed its entry into the market well and hence it is now in a position to scale up its growth quickly.
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