BURNABY, British Columbia – Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) announced today that, subject to regulatory approval, it has retained Haywood Securities Inc . (“Haywood”) for its market making service to help maintain an orderly trading market for the common shares of the Company.
Market making service will be provided by Haywood in accordance with applicable TSX Venture Exchange policies and other applicable laws. For its services, the Company agreed to pay Haywood $ 5,000 per month for a period of 6 months. The agreement may be terminated at any time by the Company or Haywood. The Company and Haywood act at arm’s length and Haywood has no current interest, directly or indirectly, in the Company or its securities, except that its clients and members of its pro group may own shares in the Company of time to time. The finance and actions required for the market making service are provided by Haywood, an independent part of the Company. The fees paid by the Company to Haywood relate only to services and correspond to the same amount as the Company paid to its former service provider.
About Haywood Securities
Founded in 1981, Haywood is a 100% employee-owned securities dealer with more than 300 employees in its Canadian offices in Vancouver, Calgary and Toronto. Haywood Securities Inc. is a member of the Toronto Stock Exchange, the TSX Venture Exchange, the Montreal Exchange (MEX), the Canadian Securities Exchange (CSE), the Canadian Investor Protection Fund (CIPF) and the Securities Industry Regulatory Organization of Canada (IIROC). In addition, Haywood Securities (USA) Inc., a wholly-owned subsidiary, is a registered dealer for trading in securities in the United States and is a member of the Financial Industry Regulatory Authority (FINRA). For more information, please visit: www.haywood.com.
In February 2020, Haywood, its subsidiaries and each of its officers or directors collectively owned 1% or more of Greenlane. In addition, Haywood or one of its subsidiaries has managed or co-managed or participated as a selling group in a public offer of securities for Greenlane during the past twelve months. Haywood has recently provided investment banking services to Greenlane and may do so again in the future. At the close of business on April 9, 2020, Haywood Securities held 71,000 common shares of Greenlane.
About Greenlane Renewables
Greenlane Renewables is one of the world’s leading suppliers of biogas upgrading systems that help decarbonize natural gas. Our systems produce clean, low-carbon renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms and food waste, which can be injected into the system. natural gas or used directly as fuel for vehicles. Greenlane is the only biogas upgrading company to offer the three main technologies: washing with water, adsorption with pressure variation and separation by membrane. With over 30 years of industry experience, exclusive patented technology and over 100 biogas upgrading units delivered to 18 countries around the world, including the world’s largest biogas upgrading facility, Greenlane s ” inspired by a commitment to help waste producers, gas utilities and project developers transform a low value product into a high value renewable low carbon resource. For more information, please visit www.greenlanerenewables.com.
Neither the TSX Venture Exchange nor its regulatory service provider (as this term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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For Brad Douville, CEO