Deep Green Waste & Recycling Inc. Emphasizes Acquisition Strategy as Catalyst for Growth in 2021
Lloyd Spencer, CEO of Deep Green Waste & Recycling Inc. (OTCQB: DGWR), recently spoke with SmallCapVoice.Com to detail how steps taken last year are panning out for the company in 2021. Any investor interested in the waste management space or Deep Green itself could do well to listen to what Spencer had to say in the audio interview.
Deep Green provides sustainable waste management and recycling services to commercial entities. As Spencer explained, the company in 2020 entered into strategic understandings with institutional investors for financing deals over the long term.
The availability of these financings, he said, will help the company make timely acquisitions and add value to its growth story. In August 2020, Deep Green resumed its business activities and signed a Letter of Intent to acquire Amwaste Inc., a commercial waste and debris disposal services company serving the Golden Isles region of coastal Georgia.
Deep Green followed the closing of the Amwaste acquisition with another Letter of Intent (LOI) to acquire an environmental remediation and services company.
Spencer described the forthcoming second acquisition as a “new and exciting” addition to the Deep Green’s operations and income potential, and noted the fast growth of the broader environmental remediation industry.
He also discussed Deep Green’s focus on advancing to profitability in the near future as it executes on more acquisitions and then strategizes to quickly grow those units.
Deep Green’s strategy to grow Amwaste is to first hire new employees and invest in containers, trucks, and hiring drivers Spencer said. In this way, Amwaste will be able to quickly expand its footprint and optimize efficiency while continuing to invest in Deep Green’s own organic growth.
