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Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) today announced that it has filed a preliminary short form base shelf prospectus (the “Shelf Prospectus”) with the securities commissions in the provinces of British Columbia, Alberta, Manitoba and Ontario. The Shelf Prospectus, when made final or effective, will allow the Company to offer up to $50,000,000 of warrants, subscription receipts, units or common shares, or any combination thereof, from time to time during the 25-month period that the Shelf Prospectus is effective.
Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) today announced that its wholly-owned subsidiary, Greenlane Biogas North America Ltd., has secured a new CDN $3.4 million-dollar biogas upgrading contract. Greenlane will provide its water-wash technology solution for a municipal wastewater treatment facility in the Metro Vancouver region of British Columbia, Canada. The facility will produce clean Renewable Natural Gas (“RNG”) for injection into the gas distribution network owned and operated by FortisBC, the local gas utility.
Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) today announced that, subject to regulatory approval, it has retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the Company. The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay VLP $5,000 per month for a period of 12 months.
Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV:GRN) today announced the commencement of trading on the TSX Venture Exchange under the symbol “GRN”. Greenlane has successfully completed its spinout from Pressure Technologies plc (PRES.L) and its concurrent financing, raising approximately $8.4 million, exceeding the minimum target of $6 million by 40 percent. Headquartered in Burnaby, British Columbia, Greenlane is an established technology leader and trusted industry partner for upgrading low-energy biogas to pipeline and vehicle grade renewable natural gas (“RNG”).
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