Greenbriar Sustainable Living Inc. Highlights Progress on Water Rights for Sage Ranch and Discusses Tehachapi Water Market
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 (OTC:GEBRF) ha fornito un aggiornamento sull'acquisizione dei diritti d'acqua per il suo progetto Sage Ranch da 995 abitazioni a Tehachapi, California. L'azienda ha ottenuto 188 net acre-feet di diritti d'acqua giudicati e necessita di soli 109 net acre-feet aggiuntivi per raggiungere i 297 net acre-feet richiesti dalla sua Valutazione della Fornitura Idrica.
L'azienda prevede che l'acquisto dell'acqua rimarrà tra 8.000 e 11.000 dollari per acre-foot, contrariamente a quanto riportato erroneamente da alcuni media che indicavano 29.000 dollari. Il bacino di Tehachapi dispone di un significativo surplus con oltre 2.400 acre-feet giudicati di acqua inutilizzata ogni anno e più di 23.000 acre-feet di acqua statale disponibile. Greenbriar prevede un calo dei prezzi dell'acqua una volta completate le acquisizioni necessarie.
Greenbriar Sustainable Living (OTC:GEBRF) proporcionó una actualización sobre la adquisición de derechos de agua para su desarrollo Sage Ranch de 995 viviendas en Tehachapi, California. La compañía ha asegurado 188 net acre-feet de derechos adjudicados y solo necesita 109 net acre-feet más para alcanzar los 297 net acre-feet requeridos para su Evaluación de Suministro de Agua.
La empresa espera que las compras de agua se mantengan entre $8,000 y $11,000 por acre-foot, en contraste con informes incorrectos de los medios que indicaban $29,000. La cuenca de Tehachapi cuenta con un excedente significativo con más de 2,400 acre-feet adjudicados de agua no utilizada anualmente y más de 23,000 acre-feet de agua estatal disponible. Greenbriar anticipa que los precios del agua disminuirán una vez que complete las adquisiciones necesarias.
Greenbriar Sustainable Living (OTC:GEBRF)는 캘리포니아 테하차피에 위치한 995가구 규모의 Sage Ranch 개발 사업을 위한 수자원 권리 취득에 대한 업데이트를 제공했습니다. 회사는 188 순 에이커피트의 법적으로 인정된 수자원 권리를 확보했으며, 수자원 공급 평가에 필요한 총 297 순 에이커피트 중 109 순 에이커피트만 추가로 확보하면 됩니다.
회사는 수자원 구매 가격이
Greenbriar Sustainable Living (OTC:GEBRF) a fourni une mise à jour concernant l'acquisition des droits d'eau pour son projet Sage Ranch de 995 logements à Tehachapi, Californie. La société a sécurisé 188 net acre-feet de droits d'eau reconnus et n'a besoin que de 109 net acre-feet supplémentaires pour atteindre les 297 net acre-feet requis pour son Évaluation de l'Approvisionnement en Eau.
La société s'attend à ce que les achats d'eau restent compris entre 8 000 et 11 000 dollars par acre-foot, contrairement à des rapports médiatiques erronés indiquant 29 000 dollars. Le bassin de Tehachapi dispose d'un important surplus avec plus de 2 400 acre-feet reconnus d'eau inutilisée chaque année et plus de 23 000 acre-feet d'eau d'État disponible. Greenbriar anticipe un assouplissement des prix de l'eau une fois ses acquisitions nécessaires terminées.
Greenbriar Sustainable Living (OTC:GEBRF) gab ein Update zum Erwerb von Wasserrechten für sein 995-Einheiten Sage Ranch Projekt in Tehachapi, Kalifornien, bekannt. Das Unternehmen hat 188 Netto-Acre-Fuß an anerkannten Wasserrechten gesichert und benötigt nur noch 109 Netto-Acre-Fuß, um die erforderlichen 297 Netto-Acre-Fuß für seine Wasserversorgungsbewertung zu erreichen.
Das Unternehmen erwartet, dass die Wasserpreise zwischen
- Secured 188 net acre-feet of water rights, with only 109 net acre-feet remaining to reach target
- Tehachapi Basin has significant surplus with 2,400+ unused acre-feet annually
- $40M construction loan commitment from Voya secured
- Project eligible for USDA 502D Direct Loan program support
- Short-term demand requirements may create upward pressure on water prices
- Still needs to complete water rights acquisition before proceeding with development
- Must refile Water Supply Assessment for approval
Scottsdale, Arizona--(Newsfile Corp. - June 24, 2025) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to share progress in securing water rights for its 995-home Sage Ranch development in Tehachapi, California. This update highlights Greenbriar's advancements toward meeting water supply goals, clarifies fair pricing benchmarks, and emphasizes our partnering efforts with local water rights holders and the City of Tehachapi.
Significant Strides in Water Acquisition
Greenbriar is pleased to announce that we have secured 188 net acre-feet (282 base acre-feet) of adjudicated water rights in the Tehachapi Basin, either through direct ownership or binding option agreements. With only 109 net acre-feet (164 base acre-feet) needed to reach the 297 net acre-feet required for our Water Supply Assessment (WSA), we are plan to complete this milestone in the foreseeable future. From 2024 court filings using excerpts from the Tehachapi Cummings County Water District, the Tehachapi Basin has a robust surplus, including over 2,400 adjudicated acre-feet of unused water annually from an 8,020 base acre-feet allocation and a court filed 23,000+ acre-feet of state water, ensuring ample supply to support the local community. The adjudicated Tehachapi basin contains 370,000 acre-feet.
Note that Greenbriar at this moment is choosing adjudicated deeded water rights (versus river water from the State Water Project) and we are working with local owners of water rights to obtain the additional increment required.
Setting Transparent Water Pricing Benchmarks
Greenbriar in its informed opinion, anticipates future purchases to remain within a fair range of
Regrettably, there is an inaccurate data point in the local media stating that our firm paid
Expected Softening of Water Prices Post-Acquisition
Once Greenbriar secures the remaining 109 net acre-feet, we anticipate in our opinion, a softening and likely decline of water prices in the Tehachapi Basin, driven by the market's significant surplus. With over 2,400 acre-feet of adjudicated water unused each year and 23,000+ acre-feet of state water available, the basin's overall supply far exceeds current demand. After completing our purchases, Greenbriar believes that the absence of its buying activity is likely to lead to prices stabilizing at lower levels, rather than the current benchmarks of
This shift likely represents an opportunity for water rights holders to monetize idle assets and for future projects to access water cost-effectively, aligning with our shared goal of sustainable resource use.
Greenbriar views this as a positive step toward a more efficient and accessible water market, benefiting the Tehachapi community and beyond.
Building Strong Partnerships with Water Rights Holders
Greenbriar is working to collaborate with key water rights holders in a collegial and mutually beneficial manner to secure the remaining water rights. Our approach prioritizes fair pricing, open communication, and shared commitment to unlocking the value of unused water, which currently generates minimal leasing to no revenue for owners while supporting low-cost agricultural leases. By working together, we aim to create opportunities that advance Sage Ranch while providing economic benefits for water owners, fostering a spirit of partnership that strengthens the Tehachapi Basin's water market.
Next Steps with the City of Tehachapi and Stakeholders
Greenbriar is working to deepen its collaboration with the City of Tehachapi, the California State Water Resources Control Board, and other regional partners as we finalize our water portfolio. Our roadmap includes:
Completing Water Acquisitions: Finalizing agreements for the remaining 109 net acre-feet in the coming months, supported by our
$40M construction loan commitment from Voya.Refiling the WSA: Submitting an updated Water Supply Assessment to confirm Sage Ranch's water security, paving the way for construction start, which can be done regardless of the 4th COA.
Engaging the Community: Maintaining transparent dialogue with local stakeholders to ensure Sage Ranch delivers sustainable, entry-level housing, bolstered by the USDA 502D Direct Loan program and other federal mortgage programs for the hard-working professionals in the Tehachapi region.
Aligning with Regulators: Partnering with state and local authorities to promote efficient water use and compliance with the California Environmental Quality Act (CEQA), ensuring Sage Ranch sets a standard for responsible development.
A Sustainable Future for Sage Ranch and Tehachapi
Greenbriar's progress in securing water rights reflects our unwavering commitment to delivering Sage Ranch as a beacon of sustainable living. With strong committed financing from Voya, a path to meeting water needs, and collaborative partnerships, we are poised to create a vibrant community that enhances Tehachapi's economic and environmental landscape. The anticipated softening of water prices post-acquisition will further support sustainable development in the region, creating opportunities for all stakeholders. We extend our gratitude to our shareholders, water rights holders, and the City of Tehachapi for their support and look forward to sharing further milestones as we bring Sage Ranch to fruition.
Montalva Update
Greenbriar has timely filed to the Appeal Court the PREB approval to our PREPA approved settlement. The settlement requires the completion of some terms in the draft PPOA and this additional language is required to make the settlement complete.
Cordero Ranch
The company's independent professional engineers are replotting the 6,726 approved lots (
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
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FAQ
How many water rights has Greenbriar secured for Sage Ranch development?
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