Greenlane Renewables Announces the Appointment of Candice Alderson to Board of Directors

~Candice Alderson brings an extensive background in commercial construction and infrastructure investment ~

VANCOUVER, British Columbia--()--Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) is pleased to announce the appointment of Ms. Candice Alderson to its Board of Directors, effective June 12, 2020. Ms. Alderson is currently a Senior Vice President, Infrastructure Investments for the Ledcor Group of Companies, a privately-held company that is one of the most diverse conglomerates in North America. Ms. Alderson is responsible for leading the Infrastructure Investment group overseeing equity investments and supporting multiple Ledcor divisions in the pursuit of major infrastructure projects. She holds a BA in Political Science and Environmental Studies (Concordia University) and an LLB (University of Victoria).

“Candice brings a strong legal background and sound experience in major project management and finance,” said Wade Nesmith, Chairman of Greenlane. “Her counsel and wealth of experience at Ledcor over the last 15 years covering a variety of business units will be a strong addition to the Greenlane team as we position the company for our next stage of growth. We are very pleased to welcome Candice to our team.”

Greenlane also announces that Brad Marchant has retired from its Board of Directors, effective June 12, 2020. “Brad helped guide Greenlane through the Qualifying Transaction and the early stages of its growth as a public company. I want to personally thank Brad for his guidance and wisdom during this very important time and I wish him every success in his future pursuits,” Mr. Nesmith added.

Concurrent with Ms. Alderson’s appointment, the Company has granted to her restricted share units (“RSUs”) with a value of $12,500, such RSUs to vest on the first anniversary and expiring on the fifth anniversary of grant and all in accordance with the Company’s restricted share unit plan, such grant and plan being subject to disinterested shareholder approval and TSXV acceptance.

About Greenlane Renewables

Greenlane is cleaning up the two largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the transportation sector. As a leading global provider of biogas upgrading systems, Greenlane’s solutions create clean, low-carbon-footprint renewable natural gas (RNG), suitable for injection into the natural gas grid and for direct use as vehicle fuel. Our systems, marketed and sold under the Greenlane Biogas™ brand, remove impurities and separate carbon dioxide from biomethane in the raw biogas created from organic waste at landfills, wastewater treatment plants, farms and food waste facilities. With multiple core technologies, more than 100 installations in 18 countries and counting, and 30+ years’ experience, Greenlane finds the right solution, whatever the specific project requirements. Whether we’re working with waste producers, gas utilities, or project developers, we’re doing more with biogas, helping to turn a low-value product into a high-value renewable resource. For further information, please visit www.greenlanerenewables.com

Contacts

For more information please contact:
Incite Capital Markets
Eric Negraeff / Darren Seed
Greenlane Renewables Inc.
Brad Douville, President & CEO,
Ph: 604.493.2004
Email: IR@greenlanerenewables.com

Release Summary

Greenlane Renewables Announces the Appointment of Candice Alderson to Board of Directors

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Contacts

For more information please contact:
Incite Capital Markets
Eric Negraeff / Darren Seed
Greenlane Renewables Inc.
Brad Douville, President & CEO,
Ph: 604.493.2004
Email: IR@greenlanerenewables.com