Article from Equity Insight Greenlane Renewables Greenlane Renewables (
TSX-V: GRN) is a green tech stock we highlighted to investors in March when shares tumbled during the Covid crisis. In March we wrote an article that highlighted our top 3 green tech in an article titled “
3 Green Energy Companies To Track When Markets Rebound”. At the time of our article, shares of
GRN were $.21 cents and as of today, 9 months later, Greenlane hit a high of $1.88, giving investors an ROI of 795% since our alert.
Recently, Greenlane Renewables
announced that the company has signed a $10 Million with an international energy company in the United States. The contract is for Greenlane’s membrane separation biogas upgrading system and
GRN is expected to fulfill the order immediately. President and CEO Brad Douville stated “Greenlane continues to gain traction with global energy companies as they seek to diversify their energy portfolios and introduce low carbon intensity fuel options to their customer base”.
GRN has an impressive sales pipeline of $690 Million as stated in the company’s Q3 financial statements which
GRN is works to convert to these to its sales order backlog.
We believe
GRN will continue to rise in 2021 as the company continues to execute on more contracts, and
GRN could soar to $3.00 - $3.50, and we are hopeful that management at Greenlane may seek the opportunity to uplist its shares to the TSX in 2021.