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New Listing: Greenlane Renewables (TSXV:GRN)

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Headquartered in Burnaby, British Columbia, the company is a leading global provider of biogas upgrading systems.

Additional Information:

Company: Greenlane Renewables,
Website: http://www.GreenLaneBiogas.com
Stock Symbol: TSXV:GRN
Date Published: Jun 10, 2019
Transcript: Available

Video Transcript:

I’m Nadika Viswakula for Investmentpitch Media

Greenlane Renewables, formerly known as Creation Capital is one of the latest new listing on the TSX Venture Exchange, following its Qualifying Transaction with the purchase of PT Biogas Holdings Limited, also known as Greenlane Biogas, from Pressure Technologies, a United Kingdom company listed on the AIM market of the London Stock Exchange.

As part of the transaction, the company raised approximately $8.4 million, exceeding the minimum target of $6 million.

Headquartered in Burnaby, British Columbia, the company is a leading global provider of 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 vehicle fuel.

The company is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation.

With over 30 years industry experience, patented proprietary technology, and over 100 biogas upgrading units supplied into 18 countries worldwide, including the world’s first and second largest biogas upgrading facilities, the company is committed to helping waste producers improve their environmental impact, green credentials, and bottom line.

Brad Douville, President & CEO, stated: “Having now successfully completed our spin-out, listing and financing, we have created a focused and nimble organization with solid financial backing, trusted industry-standard technology and incredible depth in management and the Board. With this financing behind us, we are accelerating our growth plans and expansion into new vertical markets with our Build, Own, Operate business model. This new model allows us to partner with project developers, financers and offtakers to add recurring revenue and profits to our business in addition to our global sales of biogas upgrading equipment with quoting activity that currently stands at over $600 million.”

According to Market Research Reports, the Global Biogas Upgrading Market is accounted for $0.62 billion in 2017 and is expected to reach $4.96 billion by 2026 growing at a compound annual growth rate of 26.0%.

Some of the key factors influencing the market growth include demand for renewable energy, greenhouse gas emissions reductions, strict government regulations and growing demand for waste treatment.

The shares are trading at $0.28

For more information, please visit the company’s website www.GreenLaneBiogas.com, contact Brad Douville, President & CEO at IR@greenlanebiogas.com

Investor relations is handled by Darren Seed of Incite Capital Markets, who can be reached at 604-493-2004.

I’m Nadika Viswakula for Investmentpitch Media