Welcome to our dedicated page for Deep Green Waste & Recycling I news (Ticker: DGWR), a resource for investors and traders seeking the latest updates and insights on Deep Green Waste & Recycling I stock.
DEEP GREEN Waste & Recycling, Inc. (DGWR) generates frequent news as a waste, recycling and environmental remediation services company trading on the OTCQB Venture Market. Its updates center on environmental testing and remediation work, waste and recycling services, and a growth strategy that combines organic expansion with targeted acquisitions and divestitures.
Recent news highlights include large asbestos abatement projects executed by its subsidiary Lyell Environmental Services, Inc. (LES), such as a multi‑month asbestos removal contract at Vanderbilt University Medical Center’s Nashville campus. The company has also reported strong year‑over‑year growth in revenue and gross profit driven by asbestos and radon remediation work in its Nashville operations, along with strategic actions like the sale of its AMWASTE subsidiary to concentrate on core environmental safety, testing, remediation, and abatement services.
Investors and observers following DGWR news can expect coverage of environmental remediation contracts, geographic expansion into metro markets across Tennessee, Alabama, Kentucky, and other southeastern regions, and acquisition activity such as the agreement to purchase Franklin Tucker Corporation and its Junk King franchises in central Tennessee. Company communications also feature shareholder letters, earnings updates, and commentary on its positioning as an EPA and state compliant environmental services provider focused on hazardous material removal, including mold, lead, radon, and asbestos.
This news page aggregates these developments in one place, allowing readers to review DEEP GREEN’s project announcements, financial performance updates, strategic transactions, and expansion plans as disclosed through its public news releases.
Deep Green Waste & Recycling (OTCQB: DGWR) has announced an aggressive expansion plan for its subsidiary, Lyell Environmental Services (LES). The company will establish satellite operations centers in Memphis, TN, Louisville, KY, and Huntsville, AL.
This strategic expansion will provide access to an additional 1.5 million homes and businesses for LES's environmental testing and remediation services, which include asbestos, lead, mold, water damage, and disaster recovery solutions. The company expects to complete facility setup and obtain necessary certifications across all three markets within the next 90 days.
DEEP GREEN Waste & Recycling (OTCQB: DGWR) has announced an agreement to acquire Franklin Tucker , which owns and operates three large Junk King franchises across central Tennessee. The acquisition marks DGWR's first purchase of 2025 and represents a strategic vertical integration within their Lyell Environmental Services market.
The deal is expected to have significant financial impact, with management projecting an immediate doubling of revenue and operating cash flow. The company anticipates potential growth of 45-50% in the near term. The acquisition will enhance DGWR's service coverage across approximately 1.5 million homes and businesses in their midsouth footprint.
DGWR's management is actively pursuing geographic expansion into metro markets across Tennessee, Alabama, and Kentucky, while evaluating additional strategic acquisition opportunities for 2025 to further boost revenues and net profits.
DEEP GREEN Waste & Recycling Inc. (OTCQB: DGWR) reported strong financial results for Q2 2024. Key highlights include:
- Revenue increased 87% to $653,354 for the six months ended June 30, 2024
- Gross profit nearly doubled to $508,579, up 97% year-over-year
- Operating loss decreased to $255,777 from $1,115,401 in 2023
- Net loss improved to $42,700 from $1,273,589 in the prior year period
The company completed the sale of its AMWASTE subsidiary for $175,000, implemented a Gross Profit Incentive Plan, and reduced outstanding debt by $178,591. DEEP GREEN is focusing on expanding asbestos and radon remediation services, with strong growth in Nashville, and evaluating strategic acquisition opportunities.
DEEP GREEN Waste & Recycling Inc. (OTCQB: DGWR) has released a new podcast discussing its impressive Q1 2024 financial results. The company reported 191% year-over-year revenue growth and a 252% increase in gross profit, driven by strong organic growth in its Asbestos Remediation channel. CEO Bill Edmonds highlighted the successful sale of subsidiary AMWASTE, which generated maximum cash in Q1 2024.
President David Bradford called it the best first quarter ever for the company, building on the momentum from a record-setting 2023. DEEP GREEN plans to accelerate geographic expansion across the Southeastern United States and add complementary environmental remediation services. The company is actively seeking strategic acquisition opportunities to further penetrate the $109 billion environmental services market.
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