Greenlane Renewables Inc (GRN) AI Stock Analysis

• Market Cap: C$15.69M
• Dividend Yield: N/A
• Average Volume (3M): 86.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.54
• Revenue Growth: -32.69%
• EPS Growth: 94.36%
• Country: CA
• Employees: 92
• Sector: Industrials
• Sector Strength: 92
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): -0.01
• Shares Outstanding: 156,922,030
• 10 Day Avg. Volume: 83,644
• 30 Day Avg. Volume: 86,317
• PEG Ratio: 1.76
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.84
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: C$0.00 ▼(-100.00%Downside)

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.

Greenlane Renewables Inc Business Overview & Revenue Model

Company Description

Greenlane Renewables Inc. designs, develops, sells, and services a range of biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and for injection food waste facilities into the natural gas grid or for direct use as vehicle fuel. It offers water wash, pressure swing adsorption, and membrane separation technologies. The company markets and sells its upgrading systems under the Greenlane Biogas brand. The company was formerly known as Creation Capital Corp. and changed its name to Greenlane Renewables Inc. in June 2019. Greenlane Renewables Inc. was founded in 1986 and is headquartered in Burnaby, Canada.

How the Company Makes Money

Greenlane Renewables Inc generates revenue primarily through the sale and installation of its biogas upgrading systems. These systems are sold to customers in various industries, including agriculture, waste management, and energy production, who are looking to convert organic waste into renewable natural gas. The company also provides ongoing maintenance and support services for its systems, which contribute to recurring revenue streams. Additionally, Greenlane may engage in strategic partnerships or joint ventures to expand its market reach and enhance its service offerings. The company's earnings are influenced by factors such as the increasing global demand for renewable energy solutions and government policies promoting sustainability and emissions reduction.

Greenlane Renewables Inc Financial Statement Overview

Summary

Greenlane Renewables Inc shows a mix of financial improvements and challenges. Despite a decline in revenue, the company has improved its gross profit margin and turned operating cash flow positive. The balance sheet remains solid with low leverage, but ongoing net losses and negative EBIT margins indicate operational challenges.

Income Statement

Greenlane Renewables Inc has shown a decline in total revenue over the last year, moving from $57.82 million in 2023 to $51.82 million in 2024. Gross profit margin has improved slightly, from 24.86% to 29.79%, indicating better cost management. However, the company continues to operate at a net loss, with a net profit margin of -3.60% in 2024. EBIT margin has also improved but remains negative, signaling ongoing operational challenges.

Balance Sheet

The company's debt-to-equity ratio is relatively low at 0.09, reflecting a cautious approach to leveraging. Return on equity has improved to -7.77% from -116.94%, which, while still negative, shows a significant recovery. The equity ratio stands at 52.85%, reinforcing a strong equity base. Overall, the balance sheet indicates a stable financial position with low leverage risk.

Cash Flow

Operating cash flow has turned positive, reaching $4.62 million in 2024 from a negative $8.99 million the previous year. Free cash flow also improved significantly to $4.54 million. The operating cash flow to net income ratio is strong, suggesting effective cash management despite net losses. This positive cash flow trajectory enhances the company's financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.70M	51.82M	57.82M	71.24M	55.35M	22.50M
Gross Profit	13.43M	15.43M	14.38M	14.93M	12.89M	6.42M
EBITDA	319.00K	655.00K	-11.15M	-3.05M	-868.00K	-528.00K
Net Income	-1.58M	-1.86M	-29.58M	-5.50M	-2.45M	-2.47M
Balance Sheet
Total Assets	44.32M	45.35M	54.35M	83.39M	78.79M	43.17M
Cash, Cash Equivalents and Short-Term Investments	16.20M	16.17M	11.79M	21.38M	31.47M	16.44M
Total Debt	2.03M	2.07M	1.95M	1.24M	459.00K	6.64M
Total Liabilities	21.26M	21.38M	29.05M	29.90M	22.30M	17.30M
Stockholders Equity	23.06M	23.98M	25.30M	53.48M	56.48M	25.87M
Cash Flow
Free Cash Flow	8.09M	4.54M	-9.20M	-475.00K	-10.69M	-2.10M
Operating Cash Flow	8.13M	4.62M	-9.00M	40.00K	-10.48M	-2.04M
Investing Cash Flow	897.00K	-53.00K	-311.00K	-9.91M	-217.00K	-53.00K
Financing Cash Flow	-298.00K	-278.00K	-265.00K	-231.00K	25.72M	16.27M

Greenlane Renewables Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRN, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.09, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.87 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GRN.

Greenlane Renewables Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BRM	80 Outperform	C$36.59M	13.68	30.34%	―	29.80%	-11.58%
Sector *	71 Outperform	¥254.22B	13.37	8.49%	3.04%	6.33%	12.89%
TMG	69 Neutral	C$27.70M	183.33	4.63%	―	14.78%	-90.82%
GRN	59 Neutral	C$15.69M	―	-6.67%	―	-32.69%	94.36%
QST	57 Neutral	C$10.88M	―	-9.94%	―	1.06%	56.94%
ACT	53 Neutral	C$415.62M	―	-111.61%	―	-9.70%	-9.53%
SHRC	42 Neutral	C$13.84M	―	-539.37%	―	46.73%	6.56%

Greenlane Renewables Inc Corporate Events

Greenlane Renewables Secures Shareholder Approval at 2025 AGM

Greenlane Renewables Inc. announced that all nominated directors and proposed resolutions were approved at its 2025 Annual General Meeting of Shareholders. The meeting saw the election of five directors and the appointment of PricewaterhouseCoopers LLP as the company’s auditor. This approval supports Greenlane’s ongoing efforts in the energy transition sector, reinforcing its leadership and strategic direction in the renewable energy market.

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.

Greenlane Renewables Strengthens Leadership with New Patent for Landfill Gas Technology

Greenlane Renewables Inc. has filed an additional patent application for its new landfill gas upgrading technology, enhancing its intellectual property portfolio and reinforcing its leadership in renewable natural gas production. This development aims to overcome technical barriers in landfill gas upgrading, maximizing methane recovery and reducing costs. The company plans to reveal its next-generation product line in September 2025, which is expected to make RNG projects more accessible and scalable, benefiting project owners by enhancing revenue-generating RNG output while minimizing upfront investment. This move is significant as landfill gas remains a major feedstock source for RNG production, and Greenlane’s advancements could address industry challenges, positioning the company as a key player in the sector.

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.

Greenlane Secures $2M in Biogas Equipment Orders, Strengthening Global Market Position

Greenlane Renewables Inc. announced that its subsidiary, Airdep S.r.l., secured over $2 million in orders for its biogas desulfurization equipment from a repeat customer. This order highlights the growing adoption of Greenlane’s technology, which is becoming a global industry standard. The company’s biogas desulfurization systems are designed to efficiently remove hydrogen sulfide from biogas without adding oxygen, thus avoiding costly compliance issues. This development underscores Greenlane’s commitment to making RNG projects more scalable and accessible, further solidifying its position in the rapidly growing biomethane market, particularly in Europe.

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.

Greenlane Renewables Reports Strong Q1 2025 with Strategic Growth Initiatives

Greenlane Renewables reported first-quarter 2025 financial results, highlighting a revenue of $7.0 million and a gross margin of 40%. Despite an adjusted EBITDA loss of $1.1 million, the company maintains a strong cash position of $16.2 million with no debt. Greenlane is optimistic about its strategic initiatives, focusing on advancing its technology and expanding its market presence amid economic uncertainties and evolving regulations in the U.S., Canada, Brazil, and Europe. The company is poised for long-term growth by addressing the demand for RNG and optimizing existing projects.

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.

Greenlane Renewables to Release Q1 2025 Financial Results

Greenlane Renewables Inc. is set to announce its first quarter 2025 financial results on May 15, 2025, after market close. The announcement will be followed by a video presentation by CEO Brad Douville and CFO Stephanie Mason. This release is significant as it provides insights into the company’s financial health and operational progress, potentially impacting its market positioning and stakeholder interests.