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Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar Energy) and corporate headquarters located in Canada (Corporate). The Company is focused on building two large-scale projects, namely Sage Ranch in Tehachapi, California and Montalva in Guanica, Puerto Rico. Sage Ranch is a real estate community of over 995 entry-level homes in the Tehachapi Valley, a community located in southern California. Its Montalva property (1,747 acres) is a large utility-scale solar and battery storage building with an initial size of 80 MWac or 160 MWdc, located in the southwestern coastal area of Puerto Rico. Its Cordero Ranch property is located in Cedar City, Utah.


TSXV:GRB - Post by User

Comment by Hubbie87on Apr 28, 2024 9:16am
100 Views
Post# 36011479

RE:RE:A Sincere Question...

RE:RE:A Sincere Question...Well, I agree that the projects have taken longer than I ever anticipated. I guess this could be viewed as a negative. If Montalva was approved when I thought it would be, my position was much smaller in GRB than what I have built over the past few years, and I believe I am in a much better position to get a much higher payback on my investment now. It was my decision to take on the risk over time and continue to accumulate. I am sure there are those that wouldn't have taken that risk. My thesis for this stock is that you have one man attempting to make radical changes on both local and international levels. On a local level, GRB is attempting to completely change the face of an entire community by adding one thousand homes to a town which Google says has a current population of less than 13,000 people. On an international level, GRB is trying to help transition a territory, a virtual country from oil to clean energy. There are VERY powerful entities in both scenarios that do not want these changes to come about, who stand to lose money, who have fought against what GRB is trying to do. Both projects deal with approvals from governments for radical changes which were not going to come about easily. Then you have the company itself which is a one person operation. In trying to get a $40M loan, the larger home builders would have a team of people dealing with the underwriters, responding to requests and doing the paperwork whenever a change needs to be made, while the CEO goes out for a round of golf. GRB has one person to deal with what it takes to get a $40M loan and all that comes with it. Thus you have a company with less than 35M shares outstanding which stands to profit immensely when the shovels do hit the ground. It would have been interesting to get Chris Harvey's opinion on the delays over the years, since he has read every document related to GRB. They certainly didn't stop him from becoming a Director and investing a ton of time and effort into what he hopes will be a success story. He certainly has other options to invest his time with. Looks like his Linkedin page says Chris Harvey - Greenbriar Sustainable Living. Works for me. 
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