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Greenwave Expects Q2 2022 Revenues to Grow by 40% over Empire’s Q2 2021 Revenues

Greenwave Expects Q2 2022 Revenues to Grow by 40% over Empire’s Q2 2021 Revenues

The Company expects revenues for the second quarter of 2022 to grow by 40% over Empire’s second quarter 2021 revenues and to generate positive cashflows from operations for the six months ending June 30, 2022

Greenwave Technology Solutions, Inc. “Greenwave”

June 07, 2022

Source: Greenwave Technology Solutions, Inc.

CHESAPEAKE, Va., June 07, 2022 — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (OTC GWAV) is pleased to report that based on its revenues generated through June 3, 2022, it is on track to grow its second quarter 2022 revenues by approximately 40% over the revenues Empire generated in the same quarter in 2021. Further, the Company expects to generate positive cashflows from operating activities for the six months ending June 30, 2022.

Greenwave generated revenues of $9.92 million during the first quarter of 2022, an increase of 66.91% from the $5.94 million in revenue Empire Services, Inc. (“Empire”) generated in the same period in 2021. Greenwave, through its subsidiary Empire, operates 11 metal recycling facilities in Virginia and North Carolina.

The Company is currently installing a second shredder to process cars, household appliances and industrial products, along with a downstream system to increase its recovery yields of copper, aluminum, brass, steel, and other metals. The shredder and downstream system are expected to come online in the summer and fall of 2022, respectively, and are expected to double the Company’s processing capacity while increasing its profit margins.

“Since founding Empire in 2004, we have experienced and successfully navigated several tough economic climates. With the installation of our second shredder on track to be completed this summer, we believe Greenwave is positioned to continue growing its revenues and generating healthy cashflows through a likely recession,” stated Danny Meeks, Chief Executive Officer of Greenwave. “While the metal recycling industry is not immune to slowing economic activity, we believe the fundamental supply/demand imbalance of the industry significantly mitigates its impact: supply of prime steel scrap has been shrinking consistently for more than 50 years[1]while demand is likely to persist through a recession (i.e. U.S. Infrastructure and Jobs Act). As such, we believe Greenwave can continue creating shareholder value independent of macroeconomic conditions.”

 

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Cannabidiol (CBD)-what we know and what we don’t. From Hemp Seed to Hemp Flower

Cannabidiol (CBD) is often covered in the media, and you may see it touted as an add-in booster to your post-workout smoothie or morning coffee. You can even buy a CBD-infused sports bra. But what exactly is CBD? And why is it so popular?

How is cannabidiol different from marijuana, cannabis and hemp? 

CBD, or cannabidiol, is the second most prevalent active ingredient in cannabis (marijuana). While CBD is an essential component of medical marijuana, it is derived directly from the hemp plant, a cousin of marijuana, or manufactured in a laboratory. One of hundreds of components in marijuana, CBD does not cause a “high” by itself. According to a report from the World Health Organization, “In humans, CBD exhibits no effects indicative of any abuse or dependence potential…. To date, there is no evidence of public health related problems associated with the use of pure CBD. “Is cannabidiol legal?

CBD is readily obtainable in most parts of the United States, though its exact legal status has been in flux. All 50 states have laws legalizing CBD with varying degrees of restriction. In December 2015, the FDA eased the regulatory requirements to allow researchers to conduct CBD trials. In 2018, the Farm Bill made hemp legal in the United States, making it virtually impossible to keep CBD illegal – that would be like making oranges legal, but keeping orange juice illegal. CBD is readily obtainable in most parts of the United States, though its exact legal status has been in flux. All 50 states have laws legalizing CBD with varying degrees of restriction. In December 2015, the FDA eased the regulatory requirements to allow researchers to conduct CBD trials. In 2018, the Farm Bill made hemp legal in the United States, making it virtually impossible to keep CBD illegal – that would be like making oranges legal, but keeping orange juices illegal.

What is hemp? And are cannabis and hemp the same?

Hemp is thought to be one of the oldest plants used for textiles and is also one of the fastest growing plants. There is evidence that h

emp was used 9000 years ago in ancient Çatalhöyük (Turkey). 

See the source image

Hemp is a ‘strain’ of the cannabis Sativa plant that has different properties from what we think of as cannabis. However, hemp is actually the same plant that produces less of the psychoactive chemical THC. In the USA, ‘industrial hemp’ contains 0.3% or less THC content by dry weight whereas in Australia the minimum standard is 0.35% or less THC. While hemp still has some THC, it’s impossible to smoke enough hemp to get you high.

There are five parts of the plant (the inner fibres (hurd), the outer fibres (bast), stalk, buds and the seeds) that can be used. Today hemp can produce resources such as food, clothing, building materials, rope and even fuel. 

In conclusion, cannabis and hemp are the same plant species but have different chemical properties and uses.

Thank you for consideration.
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Research on CBD for Fibromyalgia

Research on CBD for fibromyalgia

Fibromyalgia is a chronic pain disorder that causes musculoskeletal pain in addition to:

It mostly affects women, and currently there’s no known cure for the condition. However, treatment options are available that focus on pain management.

CBD has been used to ease chronic pain symptoms and reduce inflammation. It’s presented as an alternative to taking opioid prescriptions which can be addictive.

However, the Food and Drug Administration (FDA) hasn’t approved CBD as a treatment option for fibromyalgia or most other conditions. The CBD-based prescription drug Epidiolex, an epilepsy treatment, is the only CBD product that’s FDA-approved and regulated.Happy St. Patty’s Day – Go Green! Better clothing, better food, better gadgets. Is there anything Hemp can’t do?

There are currently no published studies on fibromyalgia that look at the effects of CBD on its own. However, some research does look at the effects of cannabis, which may contain multiple cannabinoids, on fibromyalgia.

The results have been mixed. More human studies are needed.

Earlier studies

2009 reviewTrusted Source found that CBD can be used to relieve neuropathic pain. The researchers concluded that cannabinoids such as CBD might be a useful adjunct to other pain medications.

2011 study looked at 56 people with fibromyalgia. Most of the participants were women.

Members of the study comprised two groups:

  • One group was comprised of 28 study participants who weren’t cannabis users.
  • The second group was comprised of 28 study participants who were cannabis users. The frequency of their cannabis use, or the amount of cannabis they used, varied.

Two hours after using cannabis, the cannabis users experienced benefits such as:

  • reduced pain and stiffness
  • an increase in sleepiness

They also had slightly higher mental health scores than the non-users.

2019 Dutch study

2019 Dutch study looked at the effect of cannabis on 20 women with fibromyalgia. Over the course of the study, each participant received four types of cannabis:

  • an unspecified amount of a placebo variety, which contained no CBD or THC
  • 200 milligrams (mg) of a variety with high amounts of both CBD and THC (Bediol)
  • 200 mg of a variety with high amounts of CBD and low amounts of THC (Bedrolite)
  • 100 mg of a variety with low amounts of CBD and high amounts of THC (Bedrocan)

The researchers found that the spontaneous pain scores of people using the placebo variety were similar to the spontaneous pain scores of people using some of the non-placebo varieties.

However, Bediol, which is high in CBD and THC, brought relief to a greater number of people than the placebo did. It caused a 30 percent reduction of spontaneous pain in 18 of the 20 participants. The placebo caused a 30 percent reduction of spontaneous pain in 11 participants.

Use of Bediol or Bedrocan, both high-THC varieties, significantly improved pressure pain thresholds when compared to the placebo.

Bedrolite, which is high in CBD and low in THC, didn’t show any evidence of being able to relieve spontaneous or evoked pain.

2019 Israeli study

In a 2019 Israeli study, hundreds of people with fibromyalgia were observed over a period of at least 6 months. Of the participants, 82 percent were women.

The study participants received guidance from nurses before taking medical cannabis. The nurses provided advice on:

All the participants started with a low dosage of cannabis, and dosages were increased gradually over the course of the study. The median approved dosage of cannabis started at 670 mg a day.

At 6 months, the median approved dosage of cannabis was 1,000 mg a day. The median approved dosage of THC was 140 mg, and the median approved dosage of CBD was 39 mg a day.

The researchers admitted that the study had limitations. For instance, they were only able to follow up with about 70 percent of participants. The use of so many different strains also made it difficult to compare the effects of CBD-rich and THC-rich strains.

However, they still concluded that medical cannabis was a safe and effective treatment for fibromyalgia.

At the beginning of the study, 52.5 percent of participants, or 193 people, described their pain level as high. At the 6-month follow-up, only 7.9 percent of those who responded, or 19 people, reported high levels of pain.

CBD treatment options

If you want to avoid the psychoactive effects of marijuana, you can find CBD products that contain only trace amounts of THC. If you live in a place where recreational or medical marijuana is legal, you can find CBD products that contain higher concentrations of THC.

Although they each have benefits separately, CBD and TCH likely work best when combined. Experts refer to this synergy, or interaction, as the “entourage effect.”

CBD also acts against THC-targeted receptors to reduce the negative effects of marijuana, such as paranoia and anxiety.

You can consume CBD in a number of ways, including:

  • Smoking or vaping. If you want to relieve immediate pain, smoking CBD-rich cannabis is the quickest way to reduce symptoms. Effects can last up to 3 hours. Smoking or vaping allows you to directly inhale CBD from the cannabis plant, absorbing the chemical into your bloodstream and lungs.
  • Edibles. Edibles are foods cooked with the cannabis plant, or cannabis-infused oil or butter. It’ll take longer to experience symptom relief, but the effects of edibles can last for up to 6 hours.
  • Oil extracts. Oils can be applied topically, taken orally, or dissolved under the tongue and absorbed in mouth tissues.
  • Topicals. CBD oils can be infused into topical creams or balms and applied directly to the skin. These CBD products can be an effective option for reducing inflammation and helping with external pain.

There may be respiratory risks to smoking or vaping marijuana. People with asthma or lung conditions shouldn’t use this method.

You should also follow dosage instructions carefully, especially with edibles, to avoid the negative side effects of taking too much.

STAYING HEALTHY

Cannabidiol (CBD)-what we know and what we don’t

September 24, 2021

cannabidiol

Cannabidiol (CBD) is often covered in the media, and you may see it touted as an add-in booster to your post-workout smoothie or morning coffee. You can even buy a CBD-infused sports bra. But what exactly is CBD? And why is it so popular?

How is cannabidiol different from marijuana, cannabis and hemp?

CBD, or cannabidiol, is the second most prevalent active ingredient in cannabis (marijuana). While CBD is an essential component of medical marijuana, it is derived directly from the hemp plant, a cousin of marijuana, or manufactured in a laboratory. One of hundreds of components in marijuana, CBD does not cause a “high” by itself. According to a report from the World Health Organization, “In humans, CBD exhibits no effects indicative of any abuse or dependence potential…. To date, there is no evidence of public health related problems associated with the use of pure CBD.”

Is cannabidiol legal?

CBD is readily obtainable in most parts of the United States, though its exact legal status has been in flux. All 50 states have laws legalizing CBD with varying degrees of restriction. In December 2015, the FDA eased the regulatory requirements to allow researchers to conduct CBD trials. In 2018, the Farm Bill made hemp legal in the United States, making it virtually impossible to keep CBD illegal – that would be like making oranges legal, but keeping orange juice illegal.

Protect yourself from the damage of chronic inflammation.

Science has proven that chronic, low-grade inflammation can turn into a silent killer that contributes to cardiovas­cular disease, cancer, type 2 diabetes and other conditions. Get simple tips to fight inflammation and stay healthy — from Harvard Medical School experts.

Thank you for consideration.

What is fibromyalgia?

Fibromyalgia is a long-term, or chronic, condition. It causes symptoms such as:

  • musculoskeletal pain, or pain in the muscles and bones
  • tenderness
  • general fatigue
  • sleep and cognitive disturbances

This condition can be hard to understand, even for healthcare professionals. Its symptoms mimic those of other conditions, and there are no tests to definitively confirm a diagnosis. As a result, fibromyalgia is often misdiagnosed.

In the past, some healthcare professionals even questioned whether fibromyalgia was real. Today, it’s much better understood.

Around 4 million adults in the United StatesTrusted Source, or around 2 percent, have been diagnosed with fibromyalgia. Most fibromyalgia cases are diagnosed in females. Most people get diagnosed in middle age, but fibromyalgia can also affect children.

Some of the stigmas that previously surrounded fibromyalgia have eased, but it can still be challenging to treat. Medications, therapy, and lifestyle changes can help you manage your symptoms and improve your quality of life.

You may also experience remission-type periods in which your pain and fatigue improve.

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Greenwave on a New Wave

Greenwave

Greenwave Technology Solutions, Inc. “Greenwave” 2022

CHESAPEAKE, Va., June 2022 Greenwave Technology Solutions, Inc. “Greenwave” or the “Company”: GWAV is pleased to report that based on its revenues generated through June 3, 2022, it is on track to grow its second quarter 2022 revenues by approximately 40% over the revenues Empire generated in the same quarter in 2021. Further, the Company expects to generate positive cashflows from operating activities for the six months ending June 30, 2022.

 

Greenwave generated revenues of $9.92 million during the first quarter of 2022, an increase of 66.91% from the $5.94 million in revenue Empire Services, Inc. (“Empire”) generated in the same period in 2021. Greenwave, through its subsidiary Empire, operates 11 metal recycling facilities in Virginia and North Carolina.

The Company is currently installing a second shredder to process cars, household appliances and industrial products, along with a downstream system to increase its recovery yields of copper, aluminum, brass, steel, and other metals. The shredder and downstream system are expected to come online in the summer and fall of 2022, respectively, and are expected to double the Company’s processing capacity while increasing its profit margins.

 

“Since founding Empire in 2004, we have experienced and successfully navigated several tough economic climates. With the installation of our second shredder on track to be completed this summer, we believe Greenwave is positioned to continue growing its revenues and generating healthy cashflows through a likely recession,” stated Danny Meeks, Chief Executive Officer of Greenwave. “While the metal recycling industry is not immune to slowing economic activity, we believe the fundamental supply/demand imbalance of the industry significantly mitigates its impact: supply of prime steel scrap has been shrinking consistently for more than 50 years[1]while demand is likely to persist through a recession (i.e. U.S. Infrastructure and Jobs Act). As such, we believe Greenwave can continue creating shareholder value independent of macroeconomic conditions.”

On May 4, 2022, Greenwave submitted its application to uplist to NASDAQ and believes it will meet the listing requirements without a further capital raise. The successful listing of Greenwave’s common stock on a national exchange could result in a significant increase in institutional interest and liquidity in the market for the Company’s stock. For more information, please see Greenwave’s 2022 Outlook.

[1] According to an October 11, 2021 presentation by Cleveland-Cliffs.

About Greenwave
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. (“Empire”), is a leading operator of 11 metal recycling facilities in Virginia and North Carolina. At these facilities, Empire collects, classifies, and processes raw scrap metal (ferrous and nonferrous) for recycling. Steel is one of the world’s most recycled products with the ability to be re-melted and recast numerous times while offering significant economic and environmental benefits when compared with virgin materials. For more information, please visit https://www.greenwavetechnologysolutions.com/.

Thank you for your consideration.

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Desiderata – Thoughts, Prayers; Faith

Desiderata

Go placidly amid the noise and the haste, and remember what peace there may be in silence.

One Light will Enlighten All

As far as possible, without surrender, be on good terms with all persons.

Speak your truth quietly and clearly; and listen to others, even to the dull and the ignorant; they too have their story.

Speak Truth Listen Intentionally Learn Humility

Avoid loud and aggressive persons; they are vexatious to the spirit.

If you compare yourself with others, you may become vain or bitter, for always there will be greater and lesser persons than yourself.

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Enjoy your achievements as well as your plans.

Keep interested in your own career, however humble; it is a real possession in the changing fortunes of time.

Exercise caution in your business affairs, for the world is full of trickery. But let this not blind you to what virtue there is; many persons strive for high ideals, and everywhere life is full of heroism.

Be yourself. Especially do not feign affection. Neither be cynical about love; for in the face of all aridity and disenchantment, it is as perennial as the grass.

Take kindly the counsel of the years, gracefully surrendering the things of youth.

Nurture strength of spirit to shield you in sudden misfortune. But do not distress yourself with dark imaginings. Many fears are born of fatigue and loneliness.

Beyond a wholesome discipline, be gentle with yourself. You are a child of the universe no less than the trees and the stars; you have a right to be here.

And whether or not it is clear to you, no doubt the universe is unfolding as it should.

Therefore be at peace with God, whatever you conceive Him to be. And whatever your labors and aspirations, in the noisy confusion of life, keep peace in your soul.

With all its sham, drudgery and broken dreams, it is still a beautiful world.

Be cheerful. Strive to be happy.

Desiderata

Definition of desiderata
plural noun, singular de·sid·er·a·tum.

things wanted or needed;

the plural of desideratum:

“Happily-ever- after” and “eternal love” appear to be the desiderata of the current generation, to whom “fat chance” say those of us who are older, wiser, and more curmudgeonly.

There is no time like this- There is no reason why not- All to gain- Nothing to lose- If Not Today? Then When?

Thank you for consideration.

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4 Hemp Club was Inspired by Steven Smith’s vision to

“Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.

Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the

4 Hemp key points being Health Hope and Happiness, thru Hemp“.

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