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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

Post by Loudermilkon Jul 06, 2018 11:20am
120 Views
Post# 28277750

Lawsuit

LawsuitPBJL asked the court to order PREPA to complete a long-delayed interconnection study and, if feasible, reach a power purchase and operating agreement and buy energy from the project. The company also seeks USD 951m in damages. Our attorneys expect we will prevail, Greenbriar CEO Jeff Ciachurski told Inframation in an e-mail................................. So that's a lot of USD in damages. Anyone have any insights or background in these types of lawsuits? Is it just posturing or leverage or some kind of legal jargon? To take it at face value puts the SP at an insane level in comparison to current value. Legaleeze is not my first language.
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