Greenlane Renewables Inc (GRN) AI Stock Analysis

• Market Cap: C$39.24M
• Dividend Yield: N/A
• Average Volume (3M): 235.24K
• Price to Earnings (P/E): 277.8
• Beta (1Y): 2.08
• Revenue Growth: -30.45%
• EPS Growth: N/A
• Country: CA
• Employees: 92
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 0.00
• Shares Outstanding: 156,943,790
• 10 Day Avg. Volume: 171,558
• 30 Day Avg. Volume: 235,244
• PEG Ratio: 0.08
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.27
• P/FCF Ratio: 3.06
• 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: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: C$0.26 ▲(7.08% Upside)

Greenlane Renewables Inc shows a mixed financial performance with positive cash flow and a stable balance sheet but faces challenges with declining revenue and net losses. The earnings call provided a positive outlook with revenue growth and technological advancements. Technical indicators suggest a neutral trend, and the valuation is reasonable. Overall, the stock presents moderate potential with some risks.

Positive Factors

Revenue Growth

The 10% revenue growth indicates strong demand for Greenlane's products, suggesting a solid market position and potential for continued expansion.

Cash Position

A strong cash position with no debt enhances financial flexibility, allowing Greenlane to invest in growth opportunities and weather economic fluctuations.

Product Innovation

The launch of the Cascade LF system demonstrates Greenlane's commitment to innovation, potentially driving future revenue and strengthening its competitive edge.

Negative Factors

Revenue Decline

The decline in annual revenue reflects potential challenges in market demand or competitive pressures, which could impact long-term growth prospects.

Net Losses

Ongoing net losses indicate operational inefficiencies or cost management issues, which could hinder profitability and financial stability over time.

Delayed Revenue Realization

The delay in revenue from the Cascade LF system may impact short-term financial performance and delay the realization of expected growth benefits.

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 generates revenue primarily through the sale of its biogas upgrading systems and related technology solutions. Key revenue streams include system sales, which involve the provision of equipment and technology for biogas upgrading projects, and ongoing service contracts that cover maintenance and support for these systems. Additionally, the company may earn revenue from partnerships with various stakeholders in the renewable energy sector, including municipalities and private enterprises investing in RNG projects. Greenlane's financial performance can also be influenced by government policies promoting renewable energy and waste management solutions, as well as the growing demand for sustainable energy sources globally.

Greenlane Renewables Inc Financial Statement Overview

Summary

Greenlane Renewables Inc is experiencing financial challenges with declining revenue but shows positive signs with improved gross profit margins and positive cash flow. The balance sheet is stable with low debt levels, but consistent net losses and negative EBIT margins indicate ongoing operational issues.

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	42.15M	51.82M	57.82M	71.24M	55.35M	22.50M
Gross Profit	17.63M	15.43M	14.38M	14.93M	12.89M	6.42M
EBITDA	6.09M	655.00K	-11.15M	-3.05M	-868.00K	-528.00K
Net Income	2.35M	-1.86M	-29.58M	-5.50M	-2.45M	-2.47M
Balance Sheet
Total Assets	47.30M	45.35M	54.35M	83.39M	78.79M	43.17M
Cash, Cash Equivalents and Short-Term Investments	19.27M	16.17M	11.79M	21.38M	31.47M	16.44M
Total Debt	2.50M	2.07M	1.95M	1.24M	459.00K	6.64M
Total Liabilities	22.47M	21.38M	29.05M	29.90M	22.30M	17.30M
Stockholders Equity	24.84M	23.98M	25.30M	53.48M	56.48M	25.87M
Cash Flow
Free Cash Flow	2.63M	4.54M	-9.20M	-475.00K	-10.69M	-2.10M
Operating Cash Flow	2.79M	4.62M	-9.00M	40.00K	-10.48M	-2.04M
Investing Cash Flow	771.00K	-53.00K	-311.00K	-9.91M	-217.00K	-53.00K
Financing Cash Flow	-348.00K	-278.00K	-265.00K	-231.00K	25.72M	16.27M

Greenlane Renewables Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.24
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.24 is above the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.25, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.85 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, 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	76 Outperform	C$32.76M	10.25	19.05%	―	-13.85%	-60.15%
GRN	64 Neutral	C$39.24M	277.78	10.00%	―	-30.45%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ACT	56 Neutral	C$613.58M	-36.08	-114.59%	―	-33.91%	-40.26%
SHRC	48 Neutral	C$10.59M	―	―	―	14.18%	-29.19%
TMG	45 Neutral	C$20.57M	―	-1.51%	―	-3.45%	-104.92%
QST	43 Neutral	C$12.45M	-13.55	-7.42%	―	87.15%	47.74%

Greenlane Renewables Inc Corporate Events

Greenlane Renewables Promotes Dale Goudie to Chief Technology Officer

Greenlane Renewables Inc. has announced the promotion of Dale Goudie to Chief Technology Officer. With 30 years of engineering experience, Goudie has been instrumental in developing Greenlane’s Cascade LF landfill gas upgrading system and expanding the company’s patent portfolio. His promotion reflects his leadership and innovative contributions, which have positioned Greenlane as a technology leader in the renewable natural gas market. As CTO, Goudie will continue to drive technological advancements and commercialization efforts that support global decarbonization, strengthening Greenlane’s leadership in biogas desulfurization and upgrading solutions.

Greenlane Renewables Reports Strong Q3 2025 Results and Launches New Technology

Greenlane Renewables reported positive financial results for the third quarter of 2025, with a revenue increase to $11.6 million and a positive adjusted EBITDA of $0.5 million. The company has launched its next-generation landfill gas upgrading technology, Cascade LF, which is expected to drive future growth. The sales order backlog has significantly increased, and the company is on track with its strategic initiatives for 2025, positioning itself for long-term value creation for shareholders and customers.

Greenlane Renewables to Release Q3 2025 Financial Results

Greenlane Renewables Inc. will release its third quarter 2025 financial results on November 13, 2025, after market close. The announcement will be followed by a video presentation by the CEO and CFO discussing the results. This release is significant for stakeholders as it provides insights into the company’s financial health and its ongoing efforts in the energy transition sector.

Greenlane Renewables Enhances RNG Technology with New Patent

Greenlane Renewables Inc. has filed a new patent application for its Linear Nitrogen Rejection Unit (NRU), enhancing its Cascade LF landfill gas upgrading technology. This innovation improves methane recovery and reduces costs, reinforcing Greenlane’s leadership in RNG production and making RNG projects more accessible and scalable for developers and owners.

Greenlane Unveils Next-Gen Landfill Gas Upgrading System

Greenlane Renewables Inc. has unveiled its next-generation landfill gas upgrading system, Cascade LF, at the RNG WORKS 2025 Technical Workshop and Trade Expo. The system is designed to deliver higher performance at a lower cost, utilizing innovative patent-pending technology to maximize methane recovery while minimizing capital investment. This advancement aims to make RNG projects more accessible and scalable, enhancing revenue generation for project owners and reinforcing Greenlane’s leadership in the RNG industry.

Greenlane Secures $7.9 Million in Biogas Equipment Orders

Greenlane Renewables Inc. announced $7.9 million in new orders for its biogas desulfurization equipment from repeat customers, highlighting strong market adoption and reinforcing its position as an industry standard. The company’s proprietary technology, which began gaining traction in Italy, is now expanding across Europe and into the Americas, reflecting customer confidence in its dependable and cost-effective hydrogen sulfide removal solutions.