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.

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Greenbriar Sustainable Living Inc > So let me get this straight

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Post by tylerreddickon May 31, 2024 9:58am

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Post# 36066120

So let me get this straight

GRB has no cash and a $7.9 million working capital deficiency?

And as schneps posted:

" The fair value of the development project as a whole is not possible to reliably estimate as of yet, given we have not yet received all necessary permits or begun construction "

And yet on March 18, they issued the following in a news release:

" The schedule to break ground on Sage Ranch will be within the month of April, 2024 "

How could they predict a start date for Sage when they didn't have the permits on March 31?

And here we are, May 31.

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