Greenbriar Stock Price, News & Analysis

Greenbriar Sustainable Living (OTC:GEBRF) has secured a crucial water rights agreement for its 995-home Sage Ranch development in Tehachapi, California. The company has obtained 188 net acre-feet of adjudicated water rights through ownership and binding options, while the city has agreed to provide the remaining 39 net acre-feet needed from their surplus rights.

The company will implement artificial turf in parks, soccer fields, and common areas, reducing water demand by 70 net acre-feet. The Tehachapi Basin maintains a robust surplus with 2,400 adjudicated acre-feet of unused water annually from an 8,020 base acre-feet allocation. Legal counsel estimates groundbreaking within 3.5 to 5.5 months.

Greenbriar Sustainable Living (OTC:GEBRF) provided an update on water rights acquisition for its 995-home Sage Ranch development in Tehachapi, California. The company has secured 188 net acre-feet of adjudicated water rights and needs only 109 net acre-feet more to reach the required 297 net acre-feet for its Water Supply Assessment.

The company expects water purchases to remain within $8,000 to $11,000 per acre-feet, contrary to inaccurate media reports of $29,000. The Tehachapi Basin has a significant surplus with over 2,400 adjudicated acre-feet of unused water annually and 23,000+ acre-feet of state water available. Greenbriar anticipates water prices to soften once it completes its required acquisitions.

Greenbriar Sustainable Living (GEBRF) announces a significant milestone as PREPA approves a settlement agreement with its subsidiary PBJL Energy The agreement, now submitted to the Puerto Rico Energy Bureau, establishes a power purchase rate of $0.0985 per kwh, with annual increases of $0.005, capped at $0.115 per kwh.

The 80 MWac/160 MWdc project is expected to generate 280 million kwh annually over a minimum 25-year contract period. The project qualifies for a 30% US federal tax credit, with potential for an additional 10% if 40% of materials are US-made. Greenbriar has secured a project-level lender for non-dilutive financing.

Greenbriar Sustainable Living (TSXV: GRB) (OTC Pink: GEBRF) has secured a binding agreement to acquire 115 acre-feet of adjudicated and deeded water rights for USD $1,250,000 from Ronnie Strasser for its Sage Ranch project. This strategic acquisition brings the company's total controlled adjudicated pumping rights for Sage Ranch to 282 acre-feet.

The transaction will be funded through proceeds from the Voya construction loan. Additionally, Ronnie Strasser will join Greenbriar's Real Estate Advisory Board effective March 17, 2025.

Greenbriar Sustainable Living (TSXV: GRB, OTC: GEBRF) has executed a binding agreement to acquire the 1,361-acre Cordero Ranch project in Cedar City, Utah. The property, purchased by Tommy Sullivan in 2002, has a Master Plan Development Agreement from 2009 that approves the construction of 6,726 homes with full city services.

The company plans to revise the Master Plan through Watson Engineering to include a new south campus for Southern Utah University (SUU), retail spaces, offices, and sustainable entry-level homes starting at $300,000+. The Utah approval process is expected to take less than six months, significantly faster than California projects.

The project has strategic importance for SUU's expansion plans from 14,700 to 30,000 students, with a focus on married student housing, which represents 30% of the student body. The university regularly executes 30-year lease agreements on housing.

Greenbriar Sustainable Living (TSXV: GRB) (OTC Pink: GEBRF) has announced progress on its debt settlement agreement with Captiva Verde Wellness Corp. The company will settle $1,000,000 of debt by issuing 2,197,802 common shares to Captiva at $0.455 per share.

This debt is part of a larger $5,591,588 obligation held by Greenbriar's subsidiary, Greenbriar Capital (U.S.) , which requires 48 monthly payments of $116,491 from July 1, 2024, to June 1, 2028. The transaction is considered non-arm's length due to shared executive leadership between the companies.

The debt settlement remains subject to TSX Venture Exchange approval, and issued securities will have a four-month and one-day hold period.

Greenbriar Sustainable Living (TSXV: GRB) (OTC Pink: GEBRF) has filed amended MD&As following a review by the British Columbia Securities Commission. The amendments include enhanced disclosure about projects, corporate transactions, and the Sage Ranch Pro Forma Review by Altus Group The company has also reassessed the accounting treatment of its option and joint venture agreement with Captiva Verde Wellness Corp. This reassessment revealed that Captiva's option should have been classified as a financial liability at fair value through profit and loss. The fair value of the Option liability was $3.8 million as of January 1, 2023, with related accretion expenses of approximately $185k. This will result in a reduction of Sage Ranch assets by approximately $4 million as of December 31, 2023, and will be reflected in the 2024 Annual Financial Statements.

Greenbriar Sustainable Living announced that Jenniffer Gonzalez Colón has won Puerto Rico's gubernatorial election, defeating her closest opponent by nearly 10% with 90% of votes counted. Gonzalez Colón, who previously served as US Federal Resident Commissioner in Congress, ran on a platform focusing on energy resilience and power grid reconstruction. Luis Baco, Greenbriar's Chief Counsel and future President in Puerto Rico, was Gonzalez Colón's former Chief of Staff. The PR notes that US Solar and Wind tax credits maintain full value (30-50%) until 2032, reducing to 26% through 2035.

Greenbriar Sustainable Living announced the City of Tehachapi's successful water conservation efforts over the past five years. From 2019 to 2023, water consumption decreased from 1,815 Acre Feet (AF) to 1,710 AF, a 15% reduction since 2021. The city holds 2,480 AF of adjudicated basin water rights, with a surplus of 770 AF per year, excluding additional rights to 1,152 AF from the State Water Project. The Water Supply Assessment (WSA) indicates the Greenbriar project will use 350 AF when fully built, with a new unit consuming 0.13 AF per person, representing a 59% reduction compared to historical averages. Greenbriar requires 175 AF from the city, which is feasible given the surplus. The company is also reviewing main loan documentation, with updates to follow.