FormerXBC Inc XEBEQ

RE:I won't post this there, just here

[Motownwing]

See below extract of GRN NR. Of the 20.6 M$ contract, 3.5 M$ is not released and subject to financing, so you have to consider that they announced a 17.1 M$ order yesterday. The name of the customer has not neen released (refer to last sentence below). They will inject the natural gas in the PG&E network but they do not appear to be GRN customer. I do not own any GRN stock but had read the NR yesterday. It bothered me that Tamarack post appeared somewhat misleading. GLTA



Vancouver, British Columbia, Canada – June 29, 2020 Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE: 52G) today announced that its wholly-owned subsidiary, Greenlane Biogas North America Ltd., has signed $20.6 million (US$15.2 million) in new supply contracts using Greenlane’s Pressure Swing Adsorption (“PSA”) biogas upgrading system. The first contract, worth $17.1 million (US$12.6 million), is for the supply of biogas upgrading and related equipment for a multi-location dairy farm cluster located in California. Greenlane’s biogas upgrading systems will create clean renewable natural gas (“RNG”) for injection into the local gas distribution network owned and operated by Pacific Gas and Electric Company (“PG&E”). The second contract, worth $3.5 million (US$2.6 million), is part of the same cluster, however, is subject to final financing approval. The name of purchaser is being withheld at this time.