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 > Opinion about GRN

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Post by ace1mccoyon Mar 15, 2021 2:09pm

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Post# 32799934

Opinion about GRN

An Opinion was asked about GRN

Thoughts on the company, the latest quarter,do you think their price got dragged down because of XBC misstep.Would you consider this a buy at $ 2.00?

5I Research Opinion:

Certainly we think XBC had an influence. GRN reported $8.8M in revenue, up 167%. Margins were 27%. EBITDA was just above break even. Backlog was a record $45.7M. Cash is now $26.5M with a recent financing. The sales pipeline looks good. Outlook commentary was positive and we think the overall sector looks good as well. We would consider it buyable after the decline this year.

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