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Bullboard - Stock Discussion Forum Greenlane Renewables Inc T.GRN

Alternate Symbol(s):  GRNWF

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

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Post by ZouZS3 on Mar 11, 2021 5:49pm

Q&As

Based on Q&A, Markets in Europe are tighter for GRN, most of their backlog is from the US. Investors seemed concerned with competition, cost compared to bigger companies. GRN are solely focused in RNG. BOO are focused only in Europe where markets are tighter. 46 millions in backlog is expected to convert in revenues from 9 to 18 months. 8 millions included in the 46 million is NOT expected to flow in 2021. For the 720 million sales pipeline did not give any guidance on how much of that will convert on 2021 and refused to answer and an investor assumed that sales pipeline is for specific projects. Does not seem to be focusing project developments in NA but rather in Upgrading business. They are expecting to partner with project developers and maybe gain equity in the projects instead of owning the projects.
Comment by GoldenArm on Mar 11, 2021 5:56pm
Yeah I have to say they are just getting started with SWEN since they just inked that deal. 720M sales is mostly in the US that is why the US market is a bigger draw.As for project development I think you need to read the transcript when it comes out to better understand what was said. So do I but it sounded like they know what they are doing.
Comment by ZouZS3 on Mar 11, 2021 5:57pm
Yes Q4 results were good. The future did not look so bright, they seem to have many roadblocks for growth. Other companies are growing way faster. They might have issues in competing with cost. Concerns in conversion of sales pipelines and timeline to convert backlog into revenues...they seemed to be lagging on some questions.. Growth opportunities didn't seem that exciting for the company in ...more  
Comment by ZouZS3 on Mar 11, 2021 6:28pm
Guess we'll see how the market will react tomorrow. My guess is some will retreat until further updates from Greenlanes. I'm quite pleased I did
Comment by MB11111 on Mar 11, 2021 6:31pm
  don't waste any time and sell at market tomorrow.
Comment by VicVegas on Mar 11, 2021 6:47pm
Amen.  I'll be glad to take your shares.
Comment by DougInGreen on Mar 11, 2021 11:13pm
I think it would be a mistake to assume that an unwillingness to give gudance on contracts they have yet to secure means they're struggling to aquire them. 35 million should be converted to revenue this year. Add a few new contracts to start in the second half of the year and that would bring us up to 40+ and another year of 100% revenue growth. I'd be willing to predict right now that ...more  
Comment by bmbruce on Mar 12, 2021 7:29am
ZouZS3...kindly elaborate on the perceived "roadblocks for growth" and which "Other companies (in the space) are growing way faster"
Comment by North2004 on Mar 12, 2021 7:42am
Yes some insight would be helpful!
Comment by GoldenArm on Mar 12, 2021 9:22am
I think Zouz got caught up and wanted to be quick off the mark and say the sky was falling. Subjective rather than being objective. The company has no road blocks. Just read the transcripts. Analysts were asking pie in the sky question and management was telling them that they stand to benefit, revenue wise, as more money (currently 720M) flows into this sector and also make get a stake in some ...more  
Comment by Sam1993 on Mar 11, 2021 8:03pm
I just joined to say that you're officially the person with the lowest IQ living now on the face of earth. It's very easy to know btw that you're invested in XBC. A smart person would know that Q4 results are great. GRN is way undervalued based on the PE ratio compared to a similar company like the one you're invested in which is XBC (-69 vs. -177). I won't respond to the non ...more  
Comment by North2004 on Mar 11, 2021 8:05pm
Thank you Sam!
Comment by ZouZS3 on Mar 11, 2021 8:15pm
l said that Q4 results are great! Answers to the Q&As not that much. Sorry to hurt your feelings Sam...the market will decide tomorrow. I might be wrong but this is what it is.
Comment by sumpineh on Mar 11, 2021 8:44pm
You got to be kidding. Your first post and you choose to insult someone of ZouZS3,s calibre. Give me a break. Oh and by the way, it is alright to own both GRN and XBC It does not have to be one or the other.You may as well ignore me because I am definitely putting you on ignore.
Comment by MB11111 on Mar 11, 2021 8:52pm
Comment by ZouZS3 on Mar 11, 2021 9:37pm
My Gosh, what is wrong with you people!? Yes what's wrong with that Sam? Sumpineh is a great person, and yes together we stand. At least she's not bashing anyone either. I did not insult anyone here why you people are taking it to the personal level? I hope GRN will do well for you guys, I do own GRN but a very little position for now. We'll see what happens
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