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Greenlane Renewables Inc ( (TSE:GRN) ) just unveiled an update.
Greenlane Renewables Inc. has extended its standby letter of credit facility to August 31, 2026, for a total of $20 million, secured by a guarantee from Export Development Canada. This extension reflects confidence in Greenlane’s financial strength and enhances its capability to pursue larger projects in the global RNG market, supporting its growth initiatives and working capital management.
The most recent analyst rating on (TSE:GRN) stock is a Sell with a C$0.05 price target. To see the full list of analyst forecasts on Greenlane Renewables Inc stock, see the TSE:GRN Stock Forecast page.
Spark’s Take on TSE:GRN Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRN is a Neutral.
Greenlane Renewables Inc’s overall stock score is driven by moderate financial improvements and strategic initiatives. The company’s solid balance sheet and cash flow improvements are positive factors, but ongoing net losses and a poor valuation weigh heavily. Technical indicators suggest some stability, but valuation metrics remain weak. Strategic growth plans and positive guidance offer potential upside, but financial challenges persist.
To see Spark’s full report on TSE:GRN stock, click here.
More about Greenlane Renewables Inc
Greenlane Renewables Inc. is a leading specialist in the biogas industry, focusing on biogas desulfurization and upgrading. The company has been contributing to the decarbonization of the global energy system for over 35 years by transforming biogas from organic waste into renewable natural gas (RNG). Greenlane’s solutions are used in various sectors, including landfills, sugar mills, dairy farms, wastewater, and food waste, and are aimed at reducing carbon emissions and creating sustainable revenue streams.
Average Trading Volume: 76,342
Technical Sentiment Signal: Sell
Current Market Cap: C$14.91M
For detailed information about GRN stock, go to TipRanks’ Stock Analysis page.