Greenlane Renewables Inc T.GRN

Last Week

[retiredcf]

XBC'S decline certainly had an influence on GRN early in the week. As for their results, revenue was up 167% and margins were 27%. EBIDTA was just above break even while there was a record backlog of $45.7M and following a recent financing, they now have $26.5M cash on hand. Commentary was fine and both the sector and their sales pipleline also look good. We consider it buyable after the decline this year. 

So said 5iResearch. GLTA

[Renofund]

agreed.  Look at their chart from Nov to mid February. Look at other renewable names in the same time frame.  Rockets.  The pullback we are expereincing isnt surprising.  One never knows the timing of them, or the catalyst.  The longer we went without one, the worse it would be.  The 35-40% pull back from the peak while frustrating was needed.  I feel MORE

[GoldenArm]

Everything is pointing to a weak hands pull out. The bashers came on here to signal doom but the realist pointed out the fantastic numbers and the visibilty of this company with major player. Now take into account the latest NR from ABC (Amer. Biogas Coun.) and the following Dublin, Feb. 02, 2021 (GLOBE NEWSWIRE) -- The "Biogas Upgrading Market Research Report by Type, by Application

[LowtoHigh]

Yup, it's going to start moving up steadily from here on out.

[jawstoyz]

Let's hope so, surprised it's still down to be honest :((

[bmbruce]

I'd watch the $1.90 level for support...if we can remain above this level then hopefully a steady upward trend will develop going forward..the announcement of a new contract would certainly be a help at this time..

[DougInGreen]

TSX small caps are into over correction territory. GRN has actually dropped less than other positions I hold with similar market caps. I believe that is because it is a less speculative company, given that it's essentially an industrial company with a strong but not insane growth trajectory. Based on this years growth we should be between $2.50 and $3 at year end. A nice return for a