Greenlane Renewables Faces Challenges Despite Growth
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Greenlane Renewables Faces Challenges Despite Growth

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Greenlane Renewables Inc (TSE:GRN) has released an update.

Greenlane Renewables Inc. reported a second-quarter revenue of $14.6 million and a gross profit of $3.8 million, but also experienced an adjusted EBITDA loss of $0.8 million. The company has secured four new service contracts and reduced its workforce by 18% to decrease costs, aiming to reach its financial targets amid a challenging biogas upgrading market.

For further insights into TSE:GRN stock, check out TipRanks’ Stock Analysis page.

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