Greenlane Announces Annual Shareholder Meeting Results

BURNABY, British Columbia--()--Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV:GRN) today announced the results of its 2019 Annual Shareholder Meeting (“AGM”) with unanimous support for all ballot items. Shareholders approved: the election of six nominated directors including Brad Douville, Wade Nesmith, David Demers, Patricia Fortier, David Blaiklock, and Brad Marchant; the appointment of PricewaterhouseCoopers LLP as the Company’s auditors; and approval of the Company’s stock option plan.

Further to the Company’s disclosure on June 6th reflecting its intention to retain Incite Capital Markets Inc. (“Incite Capital Markets”), and to ensure continuous adherence to TSXV Policy section 3.4 disclosure, the Company has in fact retained Incite Capital Markets for external investor relations activities. As disclosed on June 6th, Incite Capital Markets will provide investor relations and business development services. In consideration for such services, Incite will be paid $9,000 per month, plus expenses, and 200,000 share purchase options with an exercise price of $0.20 per common share. The options will be exercisable for a period of five years from the date of grant and will vest quarterly over the first 12 months of the contract.

Vancouver, BC-based Incite Capital Markets is an independent, innovative and trusted capital markets advisory corporation. Built on a proven track record of over 20 years experience helping companies achieve the best results possible, Incite provides expertise in capital markets, corporate communications, and investor and media relations. In addition to strategic insights, Incite invests in small to mid size technology companies. This unique and specialized synergy where corporate finance and communications meet, is an advantage for any company looking to elevate their profile. Incite Capital and its executives currently hold approximately 2% of the issued and outstanding shares of Greenlane Renewables. For more information on Incite Capital Markets, please visit www.incitecapitalmarkets.com.

All filings related to the AGM is available on SEDAR at www.sedar.com.

About Greenlane Renewables

Greenlane Renewables is a leading global provider of biogas upgrading systems. Our systems produce clean, renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies; water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 100 biogas upgrading units supplied into 18 countries worldwide, including the world’s first and second largest biogas upgrading facilities, Greenlane is inspired by a commitment to helping waste producers improve their environmental impact, green credentials, and bottom line. For further information, please visit www.greelanerenewables.com.

Contacts

Incite Capital Markets
Eric Negraeff / Clayton Paradis
604.493.2004

Greenlane Renewables Inc.
Brad Douville, President & CEO
IR@greenlanebiogas.com

Release Summary

Greenlane Announces Annual Shareholder Meeting Results

Contacts

Incite Capital Markets
Eric Negraeff / Clayton Paradis
604.493.2004

Greenlane Renewables Inc.
Brad Douville, President & CEO
IR@greenlanebiogas.com