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Greenlane Renewables Inc T.GRN

Alternate Symbol(s):  GRNWF

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, renewable natural gas from organic-waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as commercial vehicle fuel. The biogas upgrading systems, marketed and sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus biogas desulfurization technology. It has delivered over 140 biogas upgrading systems into 19 countries, including some of the renewable natural gas production facilities in the world.


TSX:GRN - Post by User

Comment by DOCInvestoron Jun 23, 2021 3:45pm
145 Views
Post# 33435797

RE:Hope its not just a dead cat bounce

RE:Hope its not just a dead cat bounceWell, let's play this out. 

Generally when a stock has a slow trickle down followed by some real sell off, there is a period where things can get really difficult. As in, there are likely a few people who were petrified by the drop to $1.15 and will want out on any slight improvement. 

This can be mitigated by big moves such as today. The best way for a bottom to be reached and never seen again is for a sharp move up that psychologically assures the wary. 

Right now it is at $1.31 and up 9% for the day. If that sticks into close AND if it is also followed by a week or two of slight gains technical traders will start to move in, those with cheap warrants might start getting greedy instead of scared, and growth investors will want in before Q2 results. 

Thankfully, because this is a good company, even if this doesn't happen, you can still wait it out and make money in the future.
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