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.

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Greenlane Renewables Inc > Q3 Earnings

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Comment by GoldenArmon Nov 13, 2021 9:48am

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Post# 34122924

RE:RE:Q3 Earnings

First I love the stock but got out of it to buy another one and I will to get back in this month. This could be a long term hold.

I did a through examination of the financials because I couldn't figure out why they didn't go positive on earnings from operations. They made 11,000 this quarter and the stock is getting diluted.

Negatives are G&A, S&B R&D and Share based Comp are up huge. They are adding expense faster that sales. With margins locked in at 25% to 26% how can you hope to become profitable.

Positive, the debt to asset ration is friggen solid 0.22 with current being 0.29

Is the company able to become profitable if they have to pay more but can't charge more?

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