300 Percent UP and Bottom Line Looks GoodBrads Update......37 million in cash and NO Debt, SAY WHAT?????????.
“Greenlane is in an enviable financial position as we exited the first quarter with over $37 million in cash on our balance sheet and no debt. Our strong liquidity provides us with the opportunity to develop and invest in new RNG projects, pursue strategic growth initiatives, and further invest in product enhancements. On a strategic front related to our build, own and operate model, in Europe we continue to pursue upgrading-as-a-service opportunities whereas in North America our focus is to address a scarcity of project development capital in the market. The company intends to deploy specialized development capital in the North American market where it can be helpful to accelerate projects to the ready-for-construction phase.”
Translation for the those folks who are not used to understanding corporate talk....what Brad is saying is ..........." we are in such a good position that we can actually help our prospective customers who lack the cash, perhaps lack the the know how to obtain cash or simply cannot afford to buy our product, be able to do so"