Welcome to our dedicated page for Greenbriar news (Ticker: GEBRF), a resource for investors and traders seeking the latest updates and insights on Greenbriar stock.
News and disclosures for Greenbriar Sustainable Living Inc. (OTC Pink: GEBRF; TSXV: GRB) focus on the company’s sustainable real estate and renewable energy projects, as well as its corporate and regulatory developments. Greenbriar describes itself as a developer of sustainable real estate and renewable energy, and its news flow reflects progress on specific long-term assets.
A significant portion of recent news highlights the Sage Ranch housing development in Tehachapi, California. Releases describe agreements to secure adjudicated and deeded water rights in the Tehachapi Basin, arrangements with the City of Tehachapi to reduce water demand through artificial turf in common areas, and steps toward filing revised Water Supply Assessment and Environmental Impact Report documentation. Updates also discuss a senior secured construction loan facility for Sage Ranch and the project’s positioning within federal mortgage programs.
Greenbriar’s news feed also covers the Cordero Ranch project in Cedar City, Utah, where the company has executed a binding agreement to acquire a large master-planned community with thousands of approved homesites. Announcements describe plans to replot lots, prepare a revised master plan, and coordinate with local stakeholders, including Southern Utah University, for potential housing and campus-related uses.
On the renewable energy side, news items describe the Montalva solar project in Puerto Rico, including a settlement agreement with PREPA, submission of pricing terms to the Puerto Rico Energy Bureau, and references to project-level financing and U.S. federal tax credits.
Additional releases address corporate governance, such as annual meeting results, board and advisory appointments, and capital structure actions including debt settlements and amended MD&A filings. Investors following GEBRF news can use this page to review project milestones, regulatory steps, financing arrangements and governance updates that the company reports over time.
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.
Greenbriar Sustainable Living has provided an update on its 160MWdc Montalva solar project. The company clarified the Federal Oversight & Management Board's recent letter, emphasizing the efforts made with PREPA to finalize a revised Power Purchase and Operating Agreement (PPOA) submitted to the Puerto Rico Energy Bureau (PREB) on October 3, 2023. The revised PPOA, based on the 2020 version, has been amended to align with 2024's market realities. The final approval process involves PREPA Board, PREB, and eventually the FOMB. The settlement reached is outside the current RFP/tranche process and addresses issues from the FOMB's 2020 refusal to approve 14 renewable projects.
Greenbriar Sustainable Living Inc. provides an update on their water supply ownership, highlighting the acquisition of 262.5 Acre Feet of Adjudicated Water Rights dedicated to the Sage Ranch Project in California. The ownership, including two large shareholders and advisory members, ensures the required water rights for the project, exceeding the environmental impact report's needs. The company expresses gratitude towards the visionaries who secured these rights for sustainable housing. A webinar recording related to this update is available on their YouTube channel.
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