BURNABY, British Columbia–(BUSINESS WIRE)–$GRN #GRN–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. The agreement may be terminated at any time by the
Company or VLP. The Company and VLP act at arm’s length, and VLP has no
present interest, directly or indirectly, in the Company or its
securities. The finances and the shares required for the market-making
service are provided by W.D. Latimer, an arm’s length party to the
Company. The fee paid by the Company to VLP is for services only.
VLP is a specialized consulting firm based in Toronto providing a
variety of services focused on TSX-V-listed issuers.
About Greenlane Renewables Inc.
Greenlane Renewables is a leading global provider of biogas upgrading
systems. Our 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. Greenlane 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,
Greenlane is inspired by a commitment to helping waste producers improve
their environmental impact, green credentials, and bottom line. For
further information, please visit www.greelanebiogas.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news release.
Contacts
Incite Capital Markets
Eric Negraeff / Darren Seed
Ph:
604.493.2004
For Brad Douville, President & CEO
Email: [email protected]
