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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 Dearlolon Jun 22, 2024 12:05am
102 Views
Post# 36101254

RE:In the meantime

RE:In the meantimeNot hopium but a reasonable assumption.  

Money is not the main problem here . Voya will give the green light after the sage ranch get the water and is secure.   And if you read the judgment you should know that the four cause of action is the game right now . 

“Upon resolution of the fourth cause of action, a judgment shall be issued in favor of the district and against the city, and a peremptory writ shall issue commanding the city to take action specially enjoined by law in accordance with the court’s ruling, but nothing in the writ shall limit or control in any way the discretion legally vested in the city,” the judge wrote.
 
The judge then described the peremptory writ in detail, including noting that it “shall command the city … to set aside Resolution No. 42-21 with respect to verification of a sufficient water supply … and any resulting project approvals.”

"The judge’s ruling indicates that the court may reassign the matter to the court’s regular civil process “unless counsel for the district notifies the court within 14 days that it is dismissing its fourth cause of action or that the cause of action has been otherwise resolved."

So as you can see now the WD has the discretion to have the fourth cause of action to be enforced or not .  Once it dose , sage ranch it is really gone (at least for a long time) .. so It is up to WD at this point . You can spend years to appeal and delays and spend another millions of dollars , or try to solve it in the next 2 weeks . Whats your choice?  Again I am not saying WD will corporate, just some logical insight.  
 
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