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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 PartlyCloudyon Nov 18, 2020 8:02pm
248 Views
Post# 31927862

RE:PREPA Meeting

RE:PREPA MeetingI also listened in this morning. Busy work day thereafter. I think a significant percentage of the folks watching that meeting had an interest in GRB. Lol!

The only thing I can think to add is that the guy who gives the updates on the renewable projects explicitly said that they wanted projects that could immediately be placed on line. On pages 12-13 of the report sent in by GRB, it mentions that "...no other project is offering battery storage and no other project can move forward without bankruptcy court approval without significant risk to PREPA".

I'm not sure how long approval from bankruptcy court would take for the other projects. Nor do I really understand how this affects the other projects. But, taking that line at face value, it sounds like yet another advantage for Montalva. Comments on that point are welcome.
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