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Bullboard - Stock Discussion Forum Greenlane Renewables Inc GRNWF


Primary Symbol: T.GRN

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... see more

TSX:GRN - Post Discussion

Greenlane Renewables Inc > operation loss 822k, FX gain 1515k
View:
Post by mingzhu on Nov 09, 2022 1:35pm

operation loss 822k, FX gain 1515k

it is not real profit.
Comment by Hesiod07 on Nov 09, 2022 1:46pm
Money is fungible. They have targeted markets (Cali, Italy, etc.) that are smart enough to see the benefits of RNG. These markets pay in stronger currencies than the C$. This has clearly been part of the plan from the beginning. Winning on export sales was recognized by the EDC award they received. Time to forget what they taught you in B school and take the money and run.
Comment by bmbruce on Nov 10, 2022 6:55am
If you had invested in U.S. securities over the past year and cashed in on your gains part of which have resulted from the increasing strength in the U.S. dollar not real profit... the Canadian government sure thinks so in taxing them..
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