Greenlane Renewables Inc T.GRN

RE:RE:RE:RE:New Press Release - Greenlane Renewables Announces Second Quarter 2024 Financial Results

[Canadian_101]

rational wrote:

You barely  touched on the key point imo: Brazil. 

for all the recent hoopla about concentrating on Brazilian expansion, I found the press release lacking on detailed discussion of the region. 

I also consider downsizing the workforce concerning. In addition to the obvious insinuation that management doesn't anticipate enough work for staff, it can also cause serious morale issues in an already small company. 

for years now, it seems management's goal has been to break even. 

Yes I agree with you, I find it very interesting that Ian did not talk more about Brazil, he barely mentioned what was going on there, it seemed to be a major focus for the past CEO. They did say they had a minimun order amount for the the first two years and so far we have heard about 1 contract so I wonder what the  scoop is.

Under the terms of the agreement, Greenlane and ZEG Biogs will collaborate to establish, locally in Brazil, volume production of Greenlane's Totara+ Water Wash Biogas Upgrading Product, one that is capable of processing up to 2,500 Nm3/h of inlet biogas. ZEG Biogs has been granted exclusive rights to localize the supply chain and manufacture the product in Brazil under the Greenlane brand and to market and sell the product to biomethane producing projects in which ZEG Biogs has an equity stake or a biomethane off-take agreement. Greenlane retains responsibility for the product design, the supply of components not available locally in Brazil, and the local commissioning and servicing of the products. Initial target markets are those of landfills and sugar mills. ZEG Biogs' goal is to reach the production of 75 Totara+ systems in the next 5-years. Production capacity will be phased in over time, with a minimum volume commitment in the first two years.