Greenlane Renewables Inc T.GRN

Quick Q3 analysis: It's all pretty meh.

[DOCInvestor]

I'm not going to deep dive any of this because there is really nothing to speak of. GRN has a solid balance sheet, the warrants are off the books essentially, a bit of stock option drag but improving quarter by quarter.

Their revenue increase was maintained and that's good. But the reality is that they continue to just break even and I don't see anyway to escape this. Couple that with inflationary pressures the only real way this company's share price is going to increase is with more contracts...a lot more. 

They talk a good game with respect to their pipeline and if they execute on that the share price will increase. 

The company only has 52 employees. They are sitting on a lot of cash. Time to hire some salespeople and move this to 100 million in revenue a year. Only way I see analyst targets of $3.00 coming to fruition.

[ronster65]

Totally agree! They need to add another 25 salepeople who are savvy in this industry and secure solid contracts. As it stands, GRN will remain a Mom and Pop company until they seriously expand and double their revnue growth.

[MB11111]

This is their fifth consecutive 100% YOY quarterly results....not bad for a mom and pop shop. let's not forget this is still an early stage company. next step shouldbe an acquisition to accelerate the growth even more. Glta

[ronster65]

Net Income $52,000.00. That is for the entire company. I made that same amount in 1998! So yeah, Mom and Pop when they can add a few more zeros!

[MB11111]

Agree.  Albeit small I believe the market was expecting a breakeven results...very happy they pulled one.  they are trending in the right direction. is it just me but they could be an easy acquisition target as well...,

[ronster65]

This I totally agree with. Many think that GRN will take out somone else. Aint going to happen ever! The goal of any small company like this is to increase its valuation so it can be taken out at a much higher price and since GRN is not into expansion they become a target. Seen it so many times before. Buying this company up at $3.00 per share would be a steal. IMHO. The question right now is that

[bmbruce]

GRN is a growing company in a fast growing sector as reflected in their sales order backlog and the relative sales pipeline of industry over the past 5 quarters Q3 2021                 Record sales order backlog2 of $47.1 million as at September 30, 2021.                 Sales pipeline3 valued at over $850

[retired234]

Ford started as a mom & pop business also back in the day and they were and still are to this day heavily in debt.   Mom & Pop's do grow into big corporations but not overnight . This sector of business is in it's infancy of birth . Lets give them the benefit of the doubt and see if they can grow up to a mature ,class leading enterprise as others have ; although at a much