Greenlane Renewables Inc T.GRN

Alternate Symbol(s): GRNWF

Energy Technology

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.

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Greenlane Renewables Inc > who is selling?

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Comment by BCdudeon Mar 04, 2021 3:18pm

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RE:RE:RE:RE:RE:who is selling?

I agree the bubble could be over, but renewables/ESG will be gaining momentum for years. It will have one of the biggest tailwinds in history. Having said that -- and I think this is what you are getting at -- is that valuations will begin to matter again. I can see pure-play ESG stocks like GRN continuing to command a preium, but there's a difference between a premium and stupidity. Pre-profitability, I foresee GRN falling into a 2x to 4x EV/sales multiple, which will expand as their book of business and profitability expands. I'm waiting for year-end financials to do a more accurate calculation, but right now I estimate that puts fair value in the $0.75 to $1.25 range.

Those are my numbers. Others can feel free to disagree. :)