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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 DougInGreenon May 12, 2021 4:58pm
182 Views
Post# 33185149

RE:RE:GRN has amazing growth potential.

RE:RE:GRN has amazing growth potential.

LowtoHigh wrote: I dont but it. Simply Wall Street is just an algorithm that spews out "copy paste" info without going deep into the analysis. This stock has fallen real hard. Still room to fall before I pick up more.

 

I hate to say it because I really like this company but I'm inclined to agree. Mildly concerned that the backlog isn't growing as fast as they are converting to revenue, but that's part of the risks involved with GRN is that the contracts can be lumpy and big when they do drop. Trading at 5x sales and if it goes another month or two without any big contracts it could definitely fall farther. I'm still looking to get back into this at some point but moved to other opportunities in the time being. Still a great company with lots of room to grow and I believe RNG is the immediate future. If you're long there is little to worry about!

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