Greenbriar Sustainable Living Inc. increased its proposed non-brokered private placement from 2,200,000 to 2,700,000 units, priced at CDN $0.45 each, for aggregate gross proceeds of up to CDN $1,215,000, compared with the previously announced CDN $990,000. Each unit consists of one common share and one warrant to buy one additional common share at CDN $0.55 for 36 months. The placement remains subject to TSX Venture Exchange approval.
Greenbriar intends to use the proceeds primarily for Sage Ranch engineering costs to file final construction permits for grading, sewer, drainage, water, curb, gutter, internal roads and dry utilities. It also granted 450,000 incentive stock options to certain officers, each exercisable for one common share at CDN $0.55 for five years. Securities issued in the placement carry a statutory hold period of four months and one day from issuance.
Greenbriar Sustainable Living Inc. arranged a non-brokered private placement of 2,200,000 units at CDN $0.45 per unit, for total proceeds of CDN $990,000.00, subject to approval by the TSX Venture Exchange and the Board. Each unit includes one common share and one full common share purchase warrant, exercisable to acquire one common share at CDN $0.55 per share for 36 months; the units have a four-month hold period. Proceeds are mainly for Sage Ranch engineering costs to file final construction permits. Jeff Ciachurski, Chief Executive Officer and Director, will cash fund 1,000,000 units; the President will fund 200,000 units. No finder’s fees will be paid.
Separately, AGM approval covered up to CAD $8 million in convertible preferred shares at CAD $1.00 per share. The company said debt holders with $6.5 million to $8 million are willing to convert and that it will issue subscription agreements this week. The preferred shares convert into common shares one-for-one, carry one vote per share with no special voting rights, are perpetual, and have no fixed or mandatory interest rate or payment or mandatory redemptions. The board may vote to issue a cumulative dividend of up to 8% per year.
Greenbriar Sustainable Living Inc. (GEBRF) filed Q2 2026 unaudited interim results showing a development-stage, highly leveraged profile with no revenues and continued losses. For the six months ended June 30, 2026, the Company recorded a net loss of $3,030,916 (vs $1,354,608 in 2025), or $0.07 loss per share. Total assets were $22,519,177, mainly the Sage Ranch real estate project at $10,896,232 and power project acquisition and development costs at $8,479,378.
Liabilities remain heavy at $19,112,107, including $4,971,342 of convertible debentures, a $3,075,282 joint venture settlement obligation, and $4,059,368 in loans and promissory notes. Shareholders’ equity declined to $3,407,070. Cash was only $583, partly offset by $3,096,000 in marketable securities. Management discloses a working capital deficiency of $13,730,924 and explicitly states material uncertainty that raises substantial doubt about the Company’s ability to continue as a going concern.
During the period, Greenbriar raised equity through two small private placements totaling $475,000, option exercises of $250,000, and warrant exercises of $191,889, and settled $625,000 of its Sage Ranch joint venture settlement by issuing 1,250,000 shares.
Greenbriar Sustainable Living Inc. reports that the City of Tehachapi and the Tehachapi-Cummings County Water District (TCCWD) have reached a settlement described as fair and equitable to both parties and aimed at maintaining the integrity of the regional water supply for the greater Tehachapi area.
The agreement, finalized at each party’s recent organizational meetings, resolves several legal cases that began in September 2021 following mediation efforts initiated in early 2026. Local officials from both the City and TCCWD state that the settlement ends longstanding disputes and provides a long-term solution for water customers throughout the region.
Greenbriar Sustainable Living Inc. repriced and extended 500,000 incentive stock options held by certain advisors under its previously approved Stock Option Plan. These options were originally exercisable at $1.00 per share and scheduled to expire on December 31, 2026.
The terms are now adjusted to an exercise price of $0.63 per share with a new expiry date of December 31, 2028. The company notes that forward-looking statements related to stock options and any required TSX Venture Exchange acceptance are subject to risks and uncertainties described in its disclosures on SEDAR+.
Greenbriar Sustainable Living Inc. reports a key pre-closing milestone for its Sage Ranch housing project in Southern California. The company has acquired 267 acre-feet of deeded water rights needed for the project, with an additional 76 acre-feet placed in irrevocable escrow by an associated party and further water rights expected to enter escrow under a binding contract. Sage Ranch is planned for 995 homes and is described as an environmental showcase adjacent to three schools and within walking distance of downtown. The project is expected to generate over $260 million of construction work for the city over 7 years. Greenbriar plans to work on closing a construction loan to fund infrastructure and the first 144 homes, finalize subtrade bids through its general contractor, and apply for permits. On July 7, 2026, it re-executed a Mandate Agreement with its project finance lender to fund construction, subject to customary closing conditions.
Greenbriar Sustainable Living Inc. reported the results of its 2026 annual general and special meeting held on July 7, 2026. Shareholders voted 11,538,069 common shares, representing 26.36% of issued and outstanding shares, which was sufficient to establish quorum.
All proposals were approved. The number of directors was set at six, and six nominees were elected to serve until the next annual meeting. Davidson & Company LLP was reappointed as auditor with directors authorized to set its pay. Shareholders also approved continuation of the Company’s 10% rolling stock option plan and passed a special resolution to amend the Articles to add advance notice provisions for director nominations.
Greenbriar Sustainable Living Inc. has amended its CAD $1.0 million unsecured convertible debenture and related warrants after receiving acceptance from the TSX Venture Exchange. The debenture’s maturity and conversion period are extended two years from June 30, 2026 to June 30, 2028, and the conversion price is reduced from CAD $1.25 to CAD $1.00 per common share, making up to 1,000,000 shares issuable on conversion. The 12% debenture, originally issued with 460,000 detachable warrants, now has warrants expiring June 30, 2028, while their CAD $1.30 exercise price remains unchanged. Interest may be paid in cash or, at the company’s election, in shares under a shares-for-debt arrangement.
Greenbriar Sustainable Living Inc. plans to amend its unsecured convertible debenture and related warrants. The Company intends to capitalize CAD $120,000 of accrued interest into principal, increasing the Debenture from CAD $1,000,000 to CAD $1,120,000. It also proposes to extend the Debenture’s maturity and conversion period by two years, from June 30, 2026 to June 30, 2028, and to reduce the conversion price from CAD $1.25 to CAD $1.00 per common share, subject to TSX Venture Exchange acceptance.
If the amended CAD $1,120,000 Debenture is fully converted at CAD $1.00 per share, Greenbriar would issue 1,120,000 common shares, subject to exchange approval and adjustment under the Debenture terms. The original issue included 460,000 detachable common share purchase warrants, and the Company proposes to extend their expiry date from June 30, 2026 to June 30, 2028 while keeping the exercise price at CAD $1.30 per share.
Greenbriar Sustainable Living Inc. reports that the Puerto Rico Energy Bureau has ordered the company and PREPA to complete contract negotiations within seven days. The talks cover a 40 MW battery storage project using 4-hour and 6-hour systems, with Greenbriar’s quoted fees of $24,000 and $33,000 per MW per month respectively. This potential storage deal is in addition to an 80 MW AC solar contract with settlement pricing of 11.3 per kWh on a weighted-average basis, highlighting Greenbriar’s growing renewable energy footprint in Puerto Rico.