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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 disosaon Apr 21, 2021 12:42pm
150 Views
Post# 33037643

RE:RE:Whoami2you

RE:RE:Whoami2youJeff, Can you comment on the read between the lines from Whoami?thanks in advance.. quote=whoami2u]
CAD investor... with regards to the news release.... I am not a corporate tax lawyer so I hesitate to even make this comment but the addition of a US registered realty company may allow a Canadian based GRB to pull more value out of the Sage Ranch property due to the difference between Canadian IFRS accounting rules and US GAAP accounting rules. How this would be done is beyond my realm of expertise and I could be totally wrong on this thought. Maybe the difference in accounting rules has nothing to do with it, but shuffling the Sage asset around might allow some accounting magic to happen with the addition of the realty company, releasing some value trapped by GAAP/IFRS rules. Nonetheless, the acquisition of a realty company is pretty good timing when you're about to produce a half billion dollars in housing sales. That's quite a bit of commissions to share in. You asked for my "thoughts" so there they are. Jeff can squash them if they're totally off base, and they just may be. Montalva is humming along as I expected with its participation in the RFP after the 150mw debacle. A little patience is needed to get through the process but Jeff's team is very well experienced in application processes like this with, collectively, 50,000+MW of projects under their belts. The only comment on Alberta is that there's a solar boom going on there and we might just be in the right place at the right time to take advantage of it.[/quote]

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