Greenlane Renewables (TSE:GRN) has released an update.
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Greenlane Renewables reported a revenue of $18.1 million and a reduced adjusted EBITDA loss of $0.5 million in Q1 2024, showing progress towards their goal of a positive EBITDA within the year. The company remains debt-free with cash reserves of $7.2 million and has sold its UK and EU-based legacy aftercare services to focus on core growth and products like the Cascade line. The renewable natural gas sector continues to thrive, with 79% of natural gas vehicle fuel being renewable in the previous year.
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