~Appointments enable Greenlane to focus on
market expansion and overall profitability~
VANCOUVER, BC, Aug. 14,
2023 /CNW/ - Greenlane Renewables Inc.
("Greenlane") (TSX: GRN) (FSE: 52G) is pleased to confirm
the appointments of Brad Douville as
Vice Chair of the Board of Directors and "Executive Vice Chair"
while Ian Kane is now President and
CEO. These appointments, as previously announced on June 8, 2023, mark an important next step in the
execution of Greenlane's strategic plan and represent a significant
addition to its leadership team. Mr. Kane has also been appointed
to the Company's Board of Directors.
Brad continues to bring to Greenlane, on a full-time basis, his
extensive experience and proven track record in the renewable
natural gas ("RNG") industry. With a strong strategic vision
and a deep understanding of biogas upgrading technology and the
overall RNG industry, Brad is poised to drive Greenlane's continued
growth and success focusing on key strategic initiatives aiming to
unlock the tremendous untapped potential that the Company sees in
the global RNG industry.
Ian is a proven leader who has demonstrated his skill in
optimizing company growth and financial performance after the
startup phase. In his new role as President and CEO, Ian will lead
the Company's profitable execution of its new strategic plan,
working closely with the team to ensure Greenlane's objectives are
met with excellence.
About Greenlane
Renewables
Greenlane Renewables is a pioneer in the rapidly growing
renewable natural gas ("RNG") industry. As a leading global
provider of biogas upgrading systems, we are helping to clean up
two of the largest and most difficult-to-decarbonize sectors of the
global energy system: the natural gas grid and the commercial
transportation sector. Our systems produce clean, low-carbon and
carbon-negative RNG from organic waste sources such as landfills,
wastewater treatment plants and agricultural and food waste
streams. To the company's knowledge, Greenlane is the only biogas
upgrading company offering and actively deploying the three main
technologies: waterwash, pressure swing adsorption, and membrane
separation. Greenlane's business has been built on over 35 years of
industry experience, patented and proprietary technology, with over
140 biogas upgrading systems sold into 19 countries, including some
of the largest RNG production facilities in the world, and over 140
biogas desulfurization units sold. For further information, please
visit www.greenlanerenewables.com.
FORWARD LOOKING INFORMATION – This news release contains
"forward-looking information" within the meaning of applicable
securities laws. All statements contained herein that are not
historical in nature contain forward-looking information.
Forward-looking information can be identified by words or phrases
such as "will be", "continuing", "aiming to", "is expected",
"likely", "should", "would", "plan", "anticipate", "intend",
"believe" or the negative of these terms, or other similar words,
expressions and grammatical variations thereof, or statements that
certain events or conditions "can", "may" or "will" happen. In
particular, this news release contains forward looking information
relating to the expectations of management relating to the
appointments of the Executive Vice Chair ("EVC") and the Chief
Executive Officer ("CEO"); that the in his role as EVC, Mr.
Douville will drive Greenlane's continued growth and success
focusing on key strategic initiatives aiming to unlock the
tremendous untapped potential that the Company sees in the global
RNG industry; that as President and CEO, Mr. Kane will lead the
Company's profitable execution of its new strategic plan, working
closely with the team to ensure Greenlane's objectives are met with
excellence;. The forward-looking information contained herein is
made as of the date of this press release and is based on
assumptions management believed to be reasonable at the time such
statements were made, including management's perceptions of the
potential for lucrative opportunities in the RNG market, future
growth and expected future developments, as well as other
considerations that are believed to be appropriate in the
circumstances. While management considers these assumptions to be
reasonable based on information currently available to management,
there is no assurance that such expectations will prove to be
correct. By their nature, forward-looking information is subject to
inherent risks and uncertainties that may be general or specific
and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved. A
variety of factors, including known and unknown risks, many of
which are beyond the Company's control, could cause actual results
to differ materially from the forward-looking information in this
press release. Such factors include, without limitation, risks
relating to the ability of the Company to realize the full
potential of the most lucrative opportunities in its strategic plan
and achieve profitable growth; and risks identified in the
Company's annual information form and in other documents filed with
Canadian securities regulatory authorities on the Company's SEDAR
profile at www.sedarplus.ca. Readers are cautioned not to put undue
reliance on forward-looking information. Actual results may
differ materially from those anticipated. The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement.
SOURCE Greenlane Renewables Inc.