Greenbriar Sustainable Living Inc V.GRB

So dramatically undervalued... GRB should 🚀🚀🚀

[SvenVandeBroek]

Greenbriar Capital Corp. currently still trades at 1.34 CAD on the TSX Venture with a market capitalization of 43 million CAD.
Just about 32 million (fully-diluted) shares are outstanding (as per their SEDAR.com filing of August 25th, 2022).

https://finance.yahoo.com/quote/GRB.V?p=GRB.V

The percentage of short-sellers in GRB is a negligable low 0.01% (or only a measly 3,700 shares out of 32 million are short). Nobody is shorting Greenbriar.

Greenbriar's flagship real estate project alone (Sage Ranch, 995 homes about to be build in Southern California), is already worth 5.19 CAD per share. This valuation is based on a January 2022 pro-forma report made by Altus Group:

https://greenbriarcapitalcorp.ca/site/assets/files/5656/altus_report_-_sage_ranch_-_january_24-_2022.pdf?2k7h7q 

According to Altus, the net present value (NPV) of sage Ranch (at a 6% discount rate per year) is: 123,719,669 USD or 164,104,223 CAD.
164,104,223 CAD divided by 31,571,929 outstanding shares = 5.19 CAD per share.

https://greenbriarcapitalcorp.ca/projects/sustainable-real-estate/sage-ranch/

Since 2009, the 138 acres of Sage Ranch land is wholly-owned by Greenbriar Capital Corp. (via a 100% ownership of Greenbriar Capital US LLC), as documented here on page 18 and also in the notes if you search for 'Captiva is behind' in the document linked below (as the notes have no page numbers but that search for 'Captiva is behind' provides context):
https://sec.report/Document/0001062993-22-012798/

A bidder appeared late June, 2022 offering a low-ball bid of 2.53 CAD per share for just the Sage Ranch project:
https://finance.yahoo.com/news/greenbriar-receives-unsolicited-79-9-201600826.html

One week later, Greenbriar offered to sell Sage Ranch for 4.82 CAD per share (181 million CAD), basically saying 'you wish':
https://finance.yahoo.com/news/greenbriar-sell-sage-ranch-cdn-230400269.html

These are the facts that make me hold my position long and strong throughout all the delays and all the (unmoderated) Stockhouse drama.

The precise development plan for the first phase of Sage Ranch should be around the corner IMHO (as 97% of it appears to be done). As Greenbriar can now also accept payments for the first 144 homes, I'm very hopeful for this stock's future:

https://stockhouse.com/companies/bullboard/v.grb/greenbriar-capital-corp?postid=34959831

[Frosch1]

Thank you for the information: a week later, Greenbriar offered to sell Sage Ranch for $4.82 CAD per share ($181 million CAD). 2 CAD is really the worst case here with the assumption that 1/2 of Sage goes to PWR (which I don't assume. Worst Case 2 CAD, Current price 1.38 CAD. Patience, patience.

[navajojoe]

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[SvenVandeBroek]

Then GRB can realize Sage Ranch (in 6 phases between 2023-2028) and possibly realize more than the current full value (of 5.19 CAD per share) in the end. Real estate tends to be a good hedge against inflation. This also applies for home buyers who are renting out their properties. A full sale of Sage Ranch would (partially) aid in financing of the other projects (as internal cash flows are

[navajojoe]

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[SvenVandeBroek]

Navajojoe, I don't... But I've read that multi-family homes are always in demand, especially when housing prices are high or go up. Multi-family homes also provide a hedge for inflation. Therefore, amongst other reasons, I'm not that worried about the demand for Sage Ranch homes. Also, these two smart guys form one heck of a combo IMO. I wonder what they are up to together

[navajojoe]

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