Greenlane Renewables (GRN) Planet MicroCap Showcase: Toronto 2026 summary

Business profile and positioning

• Mission: make renewable natural gas (RNG) more accessible and scalable for project developers; equipment purifies biogas into pipeline-quality biomethane.

• Last year: CAD 44M revenue, 5% positive adjusted EBITDA, CAD 12M cash, no debt and CAD 25M sales backlog; ~125 employees.

• More than 500 systems sold in 32 countries, including 12 countries where the first upgrader was supplied; 200+ unique customers in the last three years.

• Four product lines span water scrubbing, desulfurization, next-generation landfill gas upgrading and membrane separation for anaerobic digester gas.

Strategy and growth plans

• Strategy prioritizes profitability over revenue growth: expand parts and service, desulfurization and licensing; scale down legacy engineer-to-order upgrading and relaunch with configure-to-order technology.

• Target market for next-generation landfill gas products: CAD 1.3B across Brazil, the U.S. and Canada, based on the IEA’s lower stated-policies scenario and equipment-cost assumptions.

• Brazil supply-chain and fabrication readiness targeted by year-end; readiness to serve the U.S. and Canadian markets targeted for next year.

• Panasonic is investing in and refitting a Brazilian facility for local production; Greenlane retains responsibility for supply chain, sales, service, marketing, technology and commissioning.

• Licensing model lets suppliers sell directly to customers while Greenlane integrates the system; target is lower contract risk and gross margins near 80%, versus 20%-25% in the traditional model.

Market drivers

• IEA outlook cited biomethane as the fastest-growing bioenergy source, with 15% growth CAGR over the next decade; Brazil’s expected RNG growth is 21%.

• North American RNG demand is supported by transport decarbonization; ~90% of the region’s RNG goes to transportation, where it displaces diesel.

• Brazil’s Future of Fuels legislation requires fossil natural gas suppliers to blend RNG: 0.5% starting mid-year, with the mandate increasing to 10% eventually.

• Brazil has 400+ sugar mills; sugar-mill byproducts offer a potential biomethane feedstock, while landfills currently account for 80% of the country’s biogas and sugar mills 19%.

• Potential marine demand could emerge as ocean-going vessels shift from bunker fuel to LNG, with RNG supporting decarbonization under the IMO Net-Zero Framework.