Greenlane Reports Improved Profitability, Reduced Net Loss for FY 2024
Vancouver-based Greenlane Renewables Inc. saw improvements in its profitability and net loss in its Q4 and 2024 year-end results compared to the year prior, as it stays bullish on the global prospects of biogas.
The company, behind technology that upgrades the gas from organic waste into renewable natural gas (RNG), reported a net and comprehensive loss of $1.3 million in its financial year 2024 results. It marks a significant improvement from a loss of $28.3 million in 2023.