Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) today announced the commencement of trading on the TSX Venture Exchange under the symbol “GRN”. Greenlane has successfully completed its spinout from Pressure Technologies plc (LSE:PRES) and its concurrent financing, raising approximately $8.4 million, exceeding the minimum target of $6 million by 40 percent.
Headquartered in Burnaby, British Columbia, Greenlane is an established technology leader and trusted industry partner for upgrading low-energy biogas to pipeline and vehicle grade renewable natural gas (“RNG”). With over 30 years of RNG experience, the Company is perfectly positioned to participate in the rapid expansion of RNG opportunities around the world. As a competitive advantage, Greenlane is the only biogas upgrading company offering the three main technologies: Water Wash, Pressure Swing Adsorption, and Membrane Separation.
By Business Wire