Excellent News For GRNI am surprised there is little to no comments here for this major achievement, sounds to me that the management team is focused on ways to diversify and ensuring profitability, great job!!!!
"Closing our first deployment of development capital opportunity is a major milestone for Greenlane after formally launching our program last year," said Brad Douville, President and CEO of Greenlane. "We launched this program with the aim of adding incremental value to the community of project developers around the world to help de-risk projects and to build scale in RNG origination. This is the first of what we expect to be many opportunities to provide specialized RNG project development capital to accelerate RNG projects to the ready-for-construction phase, securing Greenlane system sales, and providing on-going services for each project. Our vision has always been to leverage our decades of experience in biogas upgrading to create new opportunities for our expanding portfolio of products while acquiring minority equity interests in RNG producing projects adding long term value in recurring revenue and profits for the Company and its shareholders."