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TSE:GRN
Greenlane Renewables Inc. (GRN.TO)
0.22
+0.01 (2.38%)
as of Jun 19, 2026, 7:59:59 pm Market Open.
149 watching
Financials 
Technical Analysis 0
BUY
COMMENT
A competitor to Xebec. They are expected to break even in 2021. He prefers Xebec. Both are bidding on books worth 1B.
Financial Services
BUY
A past pick that he still likes it. They're in the renewable/natural gas space, which has a huge tailwind in coming decades driven by governments. For example, California targets 20% of their nat gas will come from renewable sources by 2030 (now it's less than 0.5%). GRN will benefit from these big projects. The stock hasn't done much lately. Last earnings report showed a revenue increase, but that didn't trickle to the bottom line. This happens with a growth company which is spending to keep growing. This sector will have huge tailwinds. You want this company to grow as fast as it can to take advantage of that tailwind. He continues to like it and will hold. Excellent long-term potential.
Bruce Campbell (2)Owned
Financial Services
DON'T BUY
They compete with Xebec which he prefers. It's growing and has a backlog, but analysts still foresee negative earnings.
Financial Services
HOLD
They did a capital financing just prior to everything happening. They have a strong balance sheet to come through this. Once COVID-19 is over the will do well.
Bruce Campbell (2)Owned
Financial Services
TOP PICK
Biogas is a hot topic. Jurisdictions around the world are moving towards a more carbon neutral footprint. They use three different technologies. 0.3% of gas is renewable and he thinks it will go to 5 or 10 over the next decade. These guys are right in the sweet spot. This is at a significantly less PE than peers. They should see some multiple expansion coming. (Analysts’ price target is $1.15)
Bruce Campbell (2)Owned
Financial Services
BUY
They did a financing within the last 6 months. There's a warrant of 30 cents. Like Xebec, they can extract gas from garbage dumps (including methane), process it, then sell that methane. They have an C$8.3 million contract with a California dump. GRN pulls the most gas off any garbage dump in the world--great technology and track record. Cheap vs. Xebec, but Xebec has a higher profile and could win future projects from GRN.
Financial Services
WEAK BUY
He participated in their refinancing. They have a significant installed based. They extract gas from garbage dumps. The prospects are very good. He prefers XBC-X who are in the same business.
Robert McWhirterOwned
Financial Services
Showing 16 to 25 of 25 entries
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A past pick. See his Xebec comments. Two advantages over Xebec: Greenlane has more diverse technology, more applications; and even with the stock's huge run up in the past two months, the valuation is still lower than Xebec's and other peers. Will enjoy tailwinds for years.