Greenlane Renewables Inc T.GRN

Alternate Symbol(s): GRNWF

Energy Technology

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 > TD's Take

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Comment by Canadian_101on Jun 02, 2022 12:20pm

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Post# 34726801

RE:TD's Take

Its great that TD is going to provide a further update to this fantastic news but to be honest I think anyone with a brain in their head that is functioning at all can see the writing on the wall and that is GRN is in the right place at the right time....

I had to post this statement from Bdad once again...

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,

Stop and think about what the CEO just said, this is awsome news and I can tell you from my experience investing in this company, Brad is very conservative in his statements and I have found he is not one to hype what is going to happen, he has been pretty conservative overall, so to hear him release a statement like this, saying we see MANY opportunities is pretty big in my mind.

ace1mccoy wrote:

Development Project Announced

Event

Greenlane will deploy US$0.9 million in development capital toward a dairy-based

RNG project.

Impact: POSITIVE

Details: Greenlane will deploy US$0.9 million in the form of a convertible note

loan toward a US$15.0 million dairy-based RNG project that is currently in a preconstruction phase. Funds will be released when specific milestones are achieved

and are intended to progress the project toward a construction financing stage in

Q4/22 as well as progress other opportunities in its pipeline. Greenlane has the

option to convert the note into an equity interest in the development company.

TD View: This announcement marks the first deployment of development capital

since the company intended to pursue this strategy last year. A key part of the

strategy for Greenlane is to ensure that it also secures the sale of its biogas

upgrading systems, and note that this announcement is likely to result in a followon equipment sale award if the project ultimately goes ahead. We have not made

any specific modelling assumptions related to development capital opportunities and

will update our forecast following a discussion with management and at the next

available opportunity