Greenbriar Sustainable Living Inc V.GRB

Alberta

[Finalrep]

According to LinkedIn Devon has hired a CFO and a VP of business development.

[mikeL2021]

I am worried GRB wont get any financing for both Sage Ranch and Alberta.

[Finalrep]

Maybe Jeff could comment on what it takes to get financing. Altus report should confirm financing is low risk for Sage. Not sure about Alberta. Altus report should be soon one would think .. Interesting that Nu E corp's Twitter seems to be all about hydrogen fuel cells and not much about solar. 

[mikeL2021]

One thing shareholders should be clear about: getting financing for both project is the BIGGEST and HARDEST thing.

[Frosch1]

The permit is the hardest part. Financing Sage should not be a  problem. There is a shortage for such properties. And when Sage is funded, everything comes flying to GRB. Those with money get more money.... 

[JefffCEO]

The hardest thing was getting the Entitlement for Sage Ranch (Sept. 12, 2021) and the contracts for Alberta Soalr (Nov. 14, 2021)   Raising the funding is the easiest, especially when its all done at the project level with project debt.  There is 40 to 50% margins at Sage Ranch. Look at the older news releases and website for who our board members are and who are our advisors. Also don

[mikeL2021]

Thanks Jeff! Could you help me understand how a bank would lend to a company who had no prior experience nor cashflow from real-estate business?  On top of that, GRB had little cash reserve available in its most recent quarter meaning GRB is trying to ask for nearly 100% for project loan? This would mean very big risk to the lender. 

[JefffCEO]

Firstly, Project Lenders loan on the Net Present Value (NPV) of the project and the DCR.  The NPV is derived from the FCF generated by the project. Can the free cash flow cover loan obligations with a high enough DCR is the key. In our case the DCR is well over 2 to 1.   In addition, for additional security, the loan will be securitized with the whole project land package and the General

[9Islucky]

Bravo:A masterful lecture on how to run a company! Logical,understandable,concise and to the point without any ad hominem retort.Believe or sell your stock!!!  Amen to all Stockhousers!!!

[mikeL2021]

Thank you Jeff for these info! Very helpful!   When will the bank financing be completed?  I'm down 70% on GRB so I'd rather hold.

[JefffCEO]

mikeL2021 ... You have two questions, so two answers: 1)  The bank has already reviewed the documents. You close the loan when you pull the permit. Before we pull the permit we are doing now the site improvement engineering.  Read my old posts. In October I signed five (5) work orders all for 100% engineered drawings, 1. drainage 2. on-site water, 3. Precise Development Plan 4. grading

[Hubbie87]

With all due respect, there is no risk to the banker aside from macro economic issues, now that Sage has the entitlement. Any bank will salivate for this loan at an  easy 6-8%. This opportunity does not exist for banks in CA. You'll see when the awaited NPV is released. I'm tempted to say the bank would pray for a default, but I'll hold off on the dramatics... for now. 

[Hubbie87]

Ok, so Jeff put a little more meat on the bone!

[Frosch1]

Thank you Jeff! Sage Range is just the beginning... GRB will be a very different company in a few months, but with a little imagination you can already see the value growth and the different cash flow generating businesses.  Also don't forget the April 15, 2021 news release (first page and a half) which I am sure everyone here on Stockhouse has forgotten.  https://stockhouse.com