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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 Jan 23, 2023 7:29pm
236 Views
Post# 35241098

RE:RE:RE:RE:RE:Sage Ranch

RE:RE:RE:RE:RE:Sage Ranch
shneps wrote: The fact that in the last webinar, with Ronnie Strasser, there was absolutely no mention that the Strasser's (Phantom Developments) were behind the offer.
The offer had more layers of outs then anything I have seen before.
Give them a call and ask.
My question would be more as to why they didn't accept the offer.
 
Shneps, the June 29, 2022 press release was quite clear about who made the 62 million USD offer:
 
The offer was received today from Phantom Developments Limited of Toronto, Canada. (www.phantom.ca). The offer letter states in exact words verbatim:
 
"Please find enclosed an Offer to Purchase for the subject noted property from Phantom Developments Limited ("Phantom"), along with a comfort letter from CIBC demonstrating Phantom's financial capability.
 
 
 
A week later, the July 7, 2022 press release made it quite clear that GRB finds a 62 million offer too low:
 
A buyer for Sage Ranch at US $62 million, leaves US $158 million in potential lost NPV plus upside on increased valuations over the next six (6) years on a standard construction sales schedule or increased values on the cap rate from 995 home rentals over a 25 year period, with additional terminal values.
 
 

There you have your 'who's behind' and 'why they didn't accept'.

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