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Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar Energy) and corporate headquarters located in Canada (Corporate). The Company is focused on building two large-scale projects, namely Sage Ranch in Tehachapi, California and Montalva in Guanica, Puerto Rico. Sage Ranch is a real estate community of over 995 entry-level homes in the Tehachapi Valley, a community located in southern California. Its Montalva property (1,747 acres) is a large utility-scale solar and battery storage building with an initial size of 80 MWac or 160 MWdc, located in the southwestern coastal area of Puerto Rico. Its Cordero Ranch property is located in Cedar City, Utah.


TSXV:GRB - Post by User

Comment by SvenVandeBroekon Oct 13, 2022 4:56pm
280 Views
Post# 35023454

RE:Clarity On Sage Ranch

RE:Clarity On Sage Ranch
Hubbie87 wrote:
 
I have read all of Jeff's post about Sage Ranch. Jeff never denied there was litigation, what Jeff clearly stated and which is true, Greenbriar is not a party to any litigation.  The Water District is not suing Greenbriar or Sage Ranch. The Water District is suing the City and what it believes is the City's conduct on ALL water issues, not just their final approval of Sage Ranch. 
 
Jeff is right, Greenbriar or Sage Ranch is NOT a party in the lawsuit.
 
Regarding settlement, let's just say as an example the latest offer from the Water District is they have NO opposition to the City's approval of Sage Ranch, but they want a reduction in the 1,104 Acre Feet per year of water they owe the City in addition to the 2,100 the City uses per year. The City may not budge on that request, hence the issue is no longer and never was Sage Ranch, but rather the decades old beef between the City and Water District.


Excellent post Hubbie87. Also read all of Jeff's posts.

The above is my understanding as well and therefore I also share your opinion.

It's a pity that some folks need to stir things up every few days so thank you for being here, Hubbie87!
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