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

Greenbriar Sustainable Living Inc > SEDAR MD & A out

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Comment by navajojoeon May 31, 2023 4:37pm

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Post# 35473554

RE:SEDAR MD & A out

From the MD&A:

" The Company has a working capital deficiency of $4,282,047 as at March 31, 2023 and most of the current liabilities is owed to Directors and Related Parties in the form of bonuses accrued and loans. "

This is just a question, but what is to stop the "directors and related parties" from calling the loans, forcing the company into creditor protection, and taking GRB private? The balance sheet is pretty ugly.

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