Millennium Sustainable Ventures Corp.
MILC
Other OTC0.00
USD
- -
- -
CIK
0001358656
ISIN
US60039Q1013
CUSIP
60039Q101
Return %
Stock
S&P500
1Y
200.00
26.53
3Y
-40.00
76.60
5Y
-99.96
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David H. Lesser
- Full Time Employees
- 96
- Sector
- Healthcare
- Industry
- Drug Manufacturers - Specialty & Generic
- Address
- 301 Winding Road New York City NY United States of America 11804
- IPO Date
- Sep 21, 2006
- CIK
- 0001358656
- Website
- millinvestment.com
- Similar Companies
- Business
- Millennium Sustainable Ventures Corp. (OTC: MILC) operates as a non-diversified, closed-end investment company focused on sustainable business ventures, including sustainable cannabis cultivation in greenhouses through its wholly owned subsidiary Millennium Cannabis LLC and sustainable activated carbon production through subsidiaries Millennium Carbon LLC and Millennium HI Carbon LLC; its principal assets comprise an activated carbon plant in Kawaihae, Hawaii, a stake in SMC Global, an India-based financial services firm, and cash equivalents. Millennium Cannabis LLC cultivates medical cannabis using controlled environment agriculture greenhouses in Colorado, Oklahoma, and Michigan, emphasizing energy-efficient operations that consume approximately 70% less energy than indoor cultivation, 90% less water than field-grown plants, and no pesticides to minimize environmental impact; the cannabis targets conditions such as seizures, multiple sclerosis, post-traumatic stress disorder, migraines, arthritis, Parkinson's disease, and Alzheimer's, with value-added marijuana-infused products manufacturing including THC extracts for various consumption formats. Millennium Carbon LLC develops proprietary technology to produce activated carbon from carbon-dense waste streams like bourbon distillery stillage, addressing disposal challenges while reducing the carbon footprint compared to traditional coal-based methods used for industrial purification and filtration; a proof-of-concept pilot plant operates in Kentucky, supporting plans for commercial-scale expansion, while the Hawaii facility processes sustainable activated carbon on leased land near Kawaihae port. The company, founded in 2008 and headquartered at 301 Winding Road, Old Bethpage, New York, conducts operations primarily in the United States across cannabis cultivation and activated carbon segments, with international exposure via SMC Global in India. In February 2022, the company changed its name from Millennium Investment & Acquisition Co. Inc. to better reflect its sustainable focus on cannabis and activated carbon, coinciding with updates on greenhouse expansions in Michigan to achieve large-scale production, a marijuana-infused products facility in Colorado for THC extracts, and encouraging pilot results validating commercial activated carbon scalability; no material acquisitions, funding rounds, or partnerships have been reported since 2022.
Millennium Investment & Acquisition Co. Inc. Expands Footprint to include Michigan's Largest Cannabis Cultivation Facility
MILLENNIUM INVESTMENT & ACQUISITION CO. INC. PROVIDES CORPORATE UPDATE
Millennium Investment & Acquisition Company, Inc. Establishes Presence in Oklahoma with a Cannabis Cultivation Facility