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Greenlane Renewables Inc T.GRN

Alternate Symbol(s):  GRNWF

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, renewable natural gas from organic-waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as commercial vehicle fuel. The biogas upgrading systems, marketed and sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is engaged in deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. It has delivered over 145 biogas upgrading systems into 19 countries and over 160 biogas desulfurization units.


TSX:GRN - Post by User

Comment by bmbruceon Jan 26, 2021 6:29am
354 Views
Post# 32385081

RE:Greenlane Renewables Announces Exercise of Over-AllotmentOpt

RE:Greenlane Renewables Announces Exercise of Over-AllotmentOptA noteworthy observation which suggests a strong demand for the additional over-allotment is that the closing of the offering which includes the issuing of the additional shares is anticipated to occur on January 27, 2021, whereas in the previous news release (20.01.21) it was stated that a period of up to 30 days will be allocated after the 27th Jan. to exercise the option.. "The Company will also grant to the Underwriters an over-allotment option (the "Over-Allotment Option") to increase the size of the Offering by up to an additional 15%, such option being exercisable in whole or in part at any time prior to 30 days after the closing of the Offering." (20.01.21)
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