공고 • May 22
Greenlane Renewables Inc. Announces Completion of Testing of Linear Nitrogen Rejection Unit Technology Demonstrating Methane Recovery Performance Greenlane Renewables Inc. had recently completed testing of its proprietary Linear Nitrogen Rejection Unit (NRU) technology and has demonstrated breakthrough methane recovery performance of up to 99.5%. Greenlane's Linear NRU technology, at the heart of its next generation Cascade LF landfill gas upgrading system, is engineered to efficiently remove nitrogen from landfill gas, producing pipeline quality renewable natural gas (RNG) while maximizing methane capture in a configurable low-cost system architecture. Greenlane's Linear NRU technology is based on equilibrium pressure swing adsorption (PSA) principles and removes nitrogen to the level required to meet RNG pipeline injection specifications in a simplified stepwise methane gas enrichment process using fewer and smaller adsorption beds than conventional equilibrium PSA technology. It also eliminates the internal gas recycling step, which is wasteful in terms of operating cost and methane recovery. For landfill gas with higher nitrogen levels, Greenlane's modular design uses additional adsorption beds and compression in a staged configuration, maintaining the linear approach. As part of the design validation process, Greenlane engineers built a prototype Linear NRU, scaled down in size from the production design, installed it in a testing environment, heavily instrumented it, and measured all process parameters during a series of tests. A variety of mixed gases, containing methane, nitrogen and oxygen in different ratios representing different qualities of landfill gas, were tested to verify the technology's ability to upgrade biogas to pipeline quality RNG. The testing program was designed to verify methane recovery in the nitrogen removal steps across the full range of nitrogen levels found in landfill gas. Methane recovery is the primary performance parameter for an upgrading system because it is vital to the economics of an operational RNG facility. It is a measure of the amount of methane remaining in the product gas compared to the amount in the inlet stream expressed as a percentage. Nitrogen, which is prevalent in landfill gas, is particularly difficult to remove without losing methane. Results from the testing program demonstrated methane recovery of 99.5% for a single Linear NRU processing the equivalent of landfill gas containing 4% nitrogen. This result considers reaching a typical RNG methane purity specification of 96% for pipeline injection and does not consider methane recovery during the upstream carbon dioxide removal step. For the equivalent of landfill gas containing 8% nitrogen, two Linear NRUs are used in series. In this case, the testing demonstrated methane recovery of 99.0% in the first Linear NRU followed by 99.5% in the second, for a total nitrogen removal methane recovery of 98.5%. For the equivalent of landfill gas containing 15% nitrogen, three Linear NRUs are used in series. In this case, the testing demonstrated methane recovery of 98.5% in the first Linear NRU followed by 99.0% for the second and 99.5% for the third for a total nitrogen removal methane recovery of 97.0%. Optimal results occur when Cascade LF is paired with automated wellfield control technology which is being increasingly adopted to stabilize gas quality across the wellfield when increasing vacuum to simultaneously limit nitrogen to under 8% or 4% in the landfill gas and significantly increase the flow rate of methane. Results from the testing were slightly better than Greenlane's initial performance expectations and correlated well with modeled results calculated based on adsorption fundamentals. Conventional methods for upgrading landfill gas that remove nitrogen to meet pipeline quality RNG can have methane recoveries of less than 90% and can cost double that for systems upgrading anaerobic digester biogas for the same size. Cascade LF is a simplified low-cost architecture that reduces technology risk compared with conventional systems. Cascade LF's Linear NRU builds upon previously announced innovations within the platform, strengthening Greenlane's leadership in landfill gas upgrading and the production of biomethane or RNG. Greenlane's goal in bringing new technologies to market is to make RNG projects more accessible and scalable by enabling project owners to enhance revenue generating RNG output from their assets while minimizing upfront investment. The Company aims to unlock new opportunities for RNG deployment globally. Reported Earnings • May 17
First quarter 2026 earnings released: CA$0.013 loss per share (vs CA$0.006 loss in 1Q 2025) First quarter 2026 results: CA$0.013 loss per share (further deteriorated from CA$0.006 loss in 1Q 2025). Revenue: CA$9.54m (up 36% from 1Q 2025). Net loss: CA$2.00m (loss widened 97% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 공고 • May 08
Greenlane Renewables Inc. to Report Q1, 2026 Results on May 14, 2026 Greenlane Renewables Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026 공고 • Apr 15
Greenlane Renewables Inc., Annual General Meeting, Jun 24, 2026 Greenlane Renewables Inc., Annual General Meeting, Jun 24, 2026. Location: burnaby Canada New Risk • Mar 15
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (CA$84k sold). Market cap is less than US$100m (CA$37.5m market cap, or US$27.3m). Reported Earnings • Mar 15
Full year 2025 earnings released: CA$0.007 loss per share (vs CA$0.009 loss in FY 2024) Full year 2025 results: CA$0.007 loss per share (improved from CA$0.009 loss in FY 2024). Revenue: CA$44.4m (down 14% from FY 2024). Net loss: CA$1.04m (loss narrowed 25% from FY 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. 
