Greenwave Technology Solutions (NASDAQ: GWAV) has acquired the real estate for seven of its key metal recycling facilities, reducing annual rent expenses by approximately $1.7 million and improving cash flow. The strategic purchase, facilitated by CEO Danny Meeks, strengthens Greenwave’s operational foundation and positions the company for future growth and potential strategic transactions. Greenwave’s portfolio includes highly protected operational licenses that create significant barriers to entry in tightly regulated markets, with flagship facilities in Norfolk, Virginia Beach, and Portsmouth, VA, strategically located near critical industrial and shipping hubs.
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About Greenwave Technology Solutions Inc
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. (“Empire”), is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company’s recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous).
Steel is one of the world’s most recycled products with the ability to be re-melted and re-cast numerous times. For more information, please visit www.GWAV.com.
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/GWAV
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