$GRN.TO

Greenlane Renewables Reports 99.5% Methane Recovery in NRU Technology Testing

Greenlane Renewables (GRN.TO) said Tuesday testing of its proprietary Linear Nitrogen Rejection Unit (NRU) technology achieved methane recovery rates of up to 99.5%.The company said the technology is part of its next-generation Cascade LF landfill-gas upgrading system, which is designed to turn landfill gas into pipeline-quality renewable natural gas while maximizing methane capture at a lower cost.The system removes nitrogen from landfill gas using a pressure swing adsorption process that requires fewer and smaller components than traditional systems. For landfill gas with higher nitrogen levels, the modular system can add more adsorption beds and compression stages while maintaining the same design, according to the statement."Results from the testing were slightly better than Greenlane's initial performance expectations and correlated well with modeled results calculated based on adsorption fundamentals," the company added.Greenlane shares closed up $0.005 to $0.22 on the Toronto Stock Exchange.

Greenlane Renewables First Quarter Net Loss Widens As Company Advances Strategic Plan, Backlog Hits $31.5 Million

Greenlane Renewables (GRN.TO) after trade Thursday said its first quarter loss widened as it remained on "track with execution of our strategic plan".The company lost $2.06 million in the quarter ended March 31, compared to a year-prior loss of $983,000. Revenue during the period reached $9.5 million.Adjusted EBITDA during the quarter was loss of $0.8 million, compared to a loss of $1.07 million in the same period last year. Sales order backlog reached $31.5 million as at March 31, 2026."We remain on track with execution of our strategic plan as demonstrated by this quarter's results," said chief executive Brad Douville. "We continue to produce strong gross margin contributions from the most profitable areas of our business, namely our biogas desulfurization product line and parts and service. We continue to ramp down legacy low-margin upgrading system contracts to ramp back up centered on proprietary standard products to reconfigure our upgrading systems business for stronger profitability."Shares of the company closed unchanged at $0.26 on the Toronto Stock Exchange on Thursday.

Earnings Flash (GRN.TO) Greenlane Renewables Reports Q1 Revs $9.5M; Net loss and Comprehensive Loss of $2.1M

Greenlane Renewables Up 12% After Signing Definitive Agreements With Panasonic

Greenlane Renewables (GRN.TO) shares rose 12% on Monday after it signed definitive agreements with Panasonic do Brasil Limitada to localize production of the company's proprietary next-generation Cascade LF landfill gas upgrading technology in Brazil.Greenlane and Panasonic will partner to establish volume production of Greenlane's Cascade LF and Cascade MS proprietary standard product lines. Panasonic has been granted a technology license for fabricating the products in Brazil, it said.Panasonic will also produce the Greenlane branded product modules in its facilities in Sao Jose dos Campos in the Brazilian state of Sao Paulo, investing in facility modifications, tooling, and production equipment, while also providing the necessary working capital and advance payment assurances to meet customer needs. Panasonic's initial investments are expected to be in the range of $2 million to $3 million.The company retains responsibility for product design, management of the supply chain including supplier selection and supplier quality assurance, marketing and sales, and commissioning and servicing of the products, it said. The target is to be ready to ship the first system by the end of 2026.Shares of the company were last seen up $0.03 at $0.27 on the Toronto Stock Exchange.Price: $0.28, Change: $+0.04, Percent Change: +14.58%

Greenlane Renewables Signs Definitive Agreements with Panasonic as Cascade LF Production Partner in Brazil