Clean Vision Corp Stock Price, News & Analysis

Clean Vision Corporation (OTCQB:CLNV) announced that its Morocco plant is now generating revenues as it moves past initial commissioning. The company is acquiring a 51% interest in Ecosynergie Group, which operates pyrolysis conversion units to transform waste plastics into sustainable fuels. Currently, one of two 10 TPD units is operating, with plans to start the second unit shortly. Additionally, the company expects to add two 50 TPD units by May and fall 2023, respectively, aiming for total annual revenues exceeding $7.5 million. Demand for ultra-low sulfur fuels is strong, aiding commercialization efforts.

Clean Vision Corporation (OTCQB:CLNV) announced the closing of a $4 million financing on February 23, 2023, intended to accelerate its global operations and support its environmental initiatives. The financing consists of two tranches: $2.5 million upon document execution and $1.5 million contingent upon filing a registration statement with the SEC. The capital will primarily aid Clean-Seas, Inc. in acquiring Ecosynergie Group in Morocco and advancing EcoCell, Inc.'s hybrid hydrogen fuel cell technology. Spartan Capital Securities acted as the placement agent, facilitating future capital needs and plans for a potential stock uplisting.

Clean Vision Corporation (OTCQB:CLNV) announced its collaboration with ShareIntel-Shareholder Intelligence Services, LLC to investigate potential market manipulation of its common stock. This partnership aims to verify the legitimacy of trading activities, particularly in light of suspected illegal naked short selling. CEO Dan Bates emphasized the importance of protecting shareholder interests, especially during the reconciliation of a recently announced 5% stock dividend. ShareIntel's patented process will assist in identifying suspicious trading and ensuring compliance.

Creatd, Inc. has appointed Dan Bates, CEO of Clean Vision Corporation (OTC-PINK: CLNV), to its CEOBLOC Advisory Board. This board unites CEOs aiming to protect retail investors from abusive trading practices. Bates joins existing members Jeremy Frommer (CRTD) and Martin Shen (FNGR). The advisory board members undergo a vetting process and commit to a unified cause of advocating for retail investors. Bates expressed enthusiasm about collaborating within CEOBLOC to drive legislative changes. As part of their mission, CEOBLOC will lobby against practices believed to harm retail investors.

Clean Vision Corporation (OTCQB:CLNV) announced a special dividend of five shares of common stock for every one hundred shares outstanding. The Board approved this dividend on February 16, 2023, with a record date of February 27, 2023, and a payment date set for March 13, 2023. The dividend will be allocated to shareholders based on their holdings as of the record date. Fractional shares will be rounded down. CEO Dan Bates stated the dividend recognizes shareholder support during the company's growth phase, aiming to reward confidence in Clean Vision's strategic long-term plans.

Clean Vision Corporation (OTCQB:CLNV) announced the acquisition of a 51% stake in Morocco's Ecosynergie Group (ESG) through its subsidiary, Clean-Seas, Inc. The $6.5 million deal, structured with an initial $2 million payment, aims to enhance ESG's pyrolysis waste-plastic conversion capacity from 20 tons per day (TPD) to 120 TPD by mid-2023, with further expansion planned. The acquisition, expected to close in Q1 2023, will rename ESG to Clean-Seas Morocco, LLC, led by Clean Vision's Chief Revenue Officer, Dan Harris. This strategic move is anticipated to generate revenue and promote environmental sustainability while creating local jobs.

Clean Vision Corporation (OTCQB:CLNV) announced the appointment of Bart S. Fisher, JD, Ph.D., to its Board of Directors, enhancing its leadership with 50 years of experience in international corporate litigation and complex financial transactions. Mr. Fisher, who has been nominated for two Nobel Prizes, emphasized his commitment to Clean-Seas' mission of reducing global waste plastic through innovative technologies. CEO Dan Bates highlighted the importance of Fisher's expertise in financing projects worldwide as Clean-Seas expands its Plastic Conversion Network across four continents.

Clean Vision Corporation (OTCQB:CLNV) announced a joint venture with NuWay Go Recycle Center LLC to establish Clean-Seas Newaygo in Michigan. This follows the state’s recognition of pyrolysis as an approved manufacturing process, enabling project development. The facility aims to process 50 tons of plastic waste per day, with potential expansion to 500 tons. The project is budgeted at $20 million, funded through debt and equity, with additional support from state incentives. Operations are expected to begin in late 2023 or early 2024.