FormerXBC Inc XEBEQ

RE:RE:TD's takenon the Greenlane news

[Ciao]

Best that you do so then. Good luck with GRN!

LongoGlueStick wrote:

tamaracktop wrote: TD's Take Greenlane announced that it has signed two biogas upgrading system supply contracts valued at $7.1 million. Impact: POSITIVE Details: Greenlane has been awarded two contracts that, in aggregate, add $7.1 million to the backlog, including a dairy farm RNG project in Nebraska utilizing its pressure swing adsorption ('PSA') system and a landfill gas project in Brazil using its water wash system. The company notes that order fulfilment will commence immediately for both projects, but does not provide any additional details on completion date or timing of revenue recognition. TD View: Our current forecast contemplates $16.5 million in backlog additions between the Q3/21 and Q4/21 reporting periods and note that Greenlane has now announced cumulative contract awards of $19.2 million over this time frame and that its backlog additions are modestly above of our estimate. As a result, we will update our estimates at the next available opportunity and view the announcement as consistent with our growth thesis for the broader RNG sector and our view that Greenlane has developed a commercially viable business model that is well positioned to maximize market opportunities by offering the three most common types of biogas upgrading systems (membrane, PSA, water wash). Recent Initiating Coverage Report: For a more detailed overview of Greenlane, see our September 1, 2021 initiating coverage report (full report). Recommendation: SPEC BUY Risk: SPECULATIVE 12-Month Target Price: C$2.25 12-Month Dividend (Est.): C$0.00

I may dump my Xebec, and move it into Greenlane, as they seem to know what they are doing, unlike Kurt.