Brief: Greenlane Renewables Reports First Quarter 2023 Financial Results
11/05/2023 22:12
May 11 (Reuters) - Greenlane Renewables Inc GRN.TO :
* GREENLANE RENEWABLES ANNOUNCES FIRST QUARTER 2023
FINANCIAL
RESULTS
* GREENLANE RENEWABLES INC - QTRLY REVENUE OF $15.5 MILLION
* GREENLANE RENEWABLES INC - MADE DIFFICULT DECISION TO
SELECTIVELY REDUCE OUR WORKFORCE BY APPROXIMATELY 10%
* GREENLANE RENEWABLES INC - HAVE ALSO IMPLEMENTED OTHER
COST
CONTAINMENT INITIATIVES
* GREENLANE RENEWABLES INC - BY CONCENTRATING ON OUR
STRATEGIC
COMPETENCIES, WE EXPECT TO BE CASH FLOW AND ADJUSTED EBITDA
POSITIVE BY Q1 OF 2024
Source text for Eikon: ID:nCNW17Tp0a
Further company coverage: GRN.TO
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Greenlane Renewables
See all newsBrief: Greenlane Renewables Extends Credit Facility For $20 Million
Brief: Greenlane Renewables Announces Cascade H₂s Order And Service Work Order From Existing Rng Customer Totalling $2.5 Million
Canada's Greenlane Renewables Q2 revenue, adjusted EBITDA fall on timing of royalty, parts orders
Brief: Greenlane Renewables Announces First Quarter 2026 Financial Results
Brief: Greenlane Signs Definitive Agreements With Panasonic As Cascade LF Production Partner In Brazil