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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.


TSX:GRN - Post by User

Comment by selfmade666on Oct 27, 2022 9:54am
203 Views
Post# 35052771

RE:RE:Why is it?

RE:RE:Why is it?Xbc was utilizing a growth by acquisition strategy that back fired as they took on way to much debt and were of the view they would continue with wild revenue figures which is what they expressed to the market. They were wrong and fell on there face in that regard. It didnt help them that there legacy rng contracts were locked in for term causing them additional losses. Bad mgmt overall. Grn however has modest projections, which they tend to under represent to the market and over deliver. There focusing on the capital deployment at the moment and hoping to have the two projects which they invested in, ready to proceed to the construction phase and get the system contracts for said projects. With interest rates raising every month practically, the strategy there utilizing imo is great as there lending money to developers that are vetted with long track records behind them reducing the risk. With the big players in the market making acquisitions and continuing the march toward netzero, i really believe greenlane is in a very good position to continue and grow. The share price will recover with time. The ira that was passed in the us will be a positive for the industry. The climate change battle is not going away and will only intensify as the years go by.
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