Greenwave Technology Solutions, Inc. announced that it will be opening two new metal recycling facilities over the next eight weeks. With a significantly strengthened balance sheet resulting from its Nasdaq listing, the Company is poised to rapidly grow its revenues and expand its footprint of recycling facilities. The Company is currently installing a second shredder at its Carrollton yard to process cars, household appliances and industrial products, along with a downstream system at its Kelford yard to increase its recovery yields of copper, aluminum, brass, steel, and other metals.

The shredder and downstream system are on track to come online in September and October, respectively, and are expected to double the Company's processing capacity, significantly growing its revenues while increasing its profit margins.