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Greenlane Renewables Inc. (V:GRN)

Business Focus: Renewable Fuels

Sector:  Energy Industry:  Renewable Fuels
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 110, 3605 Gilmore Way
Tel: N/A
Website: N/A
Key People
Wade D. Nesmith
Chairman of the Board
Brad Donald Douville
President, Chief Executive Officer, Director
Lynda D. Freeman
Chief Financial Officer
Brentq Jaklin
Senior Vice President of Sales and Service
Sandra Catherine Keyton
Vice President of Human Resources
James Bornholdt
Senior Director of Purchasing, Project Management and QHSE
Dale Goudie
Senior Director of Technology and Product Management
Marco Mazaferro
Director of Project Development
Business Overview
Greenlane Renewables Inc., formerly known a Creation Capital Corp., is a global provider of biogas upgrading systems. Its systems produce 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 use as vehicle fuel. The Company offers water wash, pressure swing adsorption, and membrane separation technologies.
Financial Overview
For the nine months ended 30 September 2020,Greenlane Renewables Inc revenues increased from C$5.9M toC$13.7M. Net loss decreased 68% to C$1.3M. Revenues reflectUpgrader projects segment increase from C$4M to C$11.6M,Aftercare services segment increase from C$933K to C$2.1M,North America segment increase from C$4.8M to C$12M, Europesegment increase of 55% to C$1.7M. Lower net loss reflectsFinance expense decrease of 79% to C$395K (expense).
Employees: 49 as of Sep 30, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $353.96M as of Sep 30, 2020
Annual revenue (TTM): $16.93M as of Sep 30, 2020
EBITDA (TTM): -$2.09M as of Sep 30, 2020
Net annual income (TTM): -$2.32M as of Sep 30, 2020
Free cash flow (TTM): -$4.91M as of Sep 30, 2020
Net Debt Last Fiscal Year: $0.85M as of Sep 30, 2020
Shares outstanding: 134,547,568 as of Feb 17, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization