Greenbriar Completes Major Water Acquisition for Sage Ranch

Rhea-AI Summary

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.

Positive

• Secured 115 acre-feet of water rights, increasing total controlled rights to 282 acre-feet
• Acquisition funded through existing Voya construction loan, requiring no additional financing
• Strategic addition of water rights seller to Advisory Board strengthens real estate expertise

Negative

• Significant cash outlay of USD $1,250,000 for water rights acquisition

Scottsdale, Arizona--(Newsfile Corp. - March 17, 2025) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce that it has reached a binding agreement with Ronnie Strasser to buy 115 acre-feet of adjudicated and deeded water rights for USD $1,250,000. With this agreement, the Company now has under its control 282 acre-feet of adjudicated pumping rights for Sage Ranch. The payment for this agreement will be made from the proceeds from the Voya construction loan.

The Company is further pleased to announce Ronnie Strasser will be joining the Company's Real Estate Advisory Board effective March 17, 2025.

About Greenbriar Sustainable Living Inc.

Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jeff Ciachurski"

Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the closing of the Shares for Debt Transaction, the issuance of Common Shares, and the approval of the Shares for Debt Transaction and the issuance of Options by the TSX Venture Exchange. Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-Looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR profile at (www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244815

FAQ

How much water rights did Greenbriar (GEBRF) acquire for Sage Ranch in March 2025?

Greenbriar acquired 115 acre-feet of adjudicated and deeded water rights for USD $1,250,000.

What is the total water rights now controlled by GEBRF for Sage Ranch?

After the acquisition, Greenbriar controls 282 acre-feet of adjudicated pumping rights for Sage Ranch.

How is Greenbriar funding the water rights acquisition for Sage Ranch?

The acquisition is being funded through proceeds from the Voya construction loan.

Who joined Greenbriar's Real Estate Advisory Board following the water rights sale?

Ronnie Strasser, who sold the water rights to Greenbriar, joined the company's Real Estate Advisory Board on March 17, 2025.