Sector: Energy | Industry: Renewable Fuels |
Company Contact | |
Address: | Suite 110, 3605 Gilmore Way BURNABY BC V5G 4X5 |
Tel: | N/A |
Website: | https://www.greenlanerenewables.com/about/company-overview |
IR: | See website |
Key People | ||
Wade D. Nesmith Independent Chairman of the Board | H. Maura Lendon Chief Legal Officer | Brad Donald Douville President, Chief Executive Officer, Director |
Monty Balderston Chief Financial Officer | Alexander Chassels Chief Operating Officer | Sanford Jacob Selman Senior Vice President, Project Finance |
Sandra Catherine Keyton Vice President of Human Resources | Jim Bornholdt Vice President, Purchasing | Dale Goudie Vice President - Products | Lynda D. Freeman Senior Director, Special Projects |
Business Overview |
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 sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus biogas desulfurization technology. It has delivered over 140 biogas upgrading systems into 19 countries, including some of the renewable natural gas production facilities in the world. |
Financial Overview |
For the fiscal year ended 31 December 2023, Greenlane Renewables Inc revenues decreased 19% to C$57.8M. Net loss increased from C$5.5M to C$29.6M. Revenues reflect System Sales segment decrease of 26% to C$48.7M, US segment decrease of 38% to C$24.8M, Canada segment decrease of 61% to C$3.7M. Higher net loss reflects General and administration increase of 41% to C$22.2M (expense). |
Employees: | 146 as of Sep 30, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $7.10M as of Dec 31, 2023 |
Annual revenue (TTM): | $57.82M as of Dec 31, 2023 |
EBITDA (TTM): | -$10.84M as of Dec 31, 2023 |
Net annual income (TTM): | -$29.58M as of Dec 31, 2023 |
Free cash flow (TTM): | -$9.20M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 154,028,236 as of Feb 28, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |