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Greenlane Renewables Announces Filing of Base Shelf Prospectus to Replace Existing Base Shelf Prospectus and Expiry of Warrants

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Not for distribution to United States newswire companies or for launch, publication, distribution or dissemination, immediately or not directly, in entire or partially, in or into america.

VANCOUVER, British Columbia — Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN / FSE: 52G) at present introduced that it has filed a preliminary brief kind base shelf prospectus (the “Shelf Prospectus”), which is anticipated to offer the pliability to make choices of securities throughout the efficient interval of the Shelf Prospectus till July 2023. The ultimate brief kind base shelf prospectus is predicted to be filed in June 2021 and can change the present base shelf prospectus, which was filed in July 2019.

The Shelf Prospectus has been filed with the securities commissions within the provinces of British Columbia, Alberta, Manitoba and Ontario. When made last or efficient, it would allow choices of frequent shares, warrants, subscription receipts, or models of the Firm as much as an combination providing worth of $500,000,000 throughout the 25-month interval that the Shelf Prospectus is efficient. The Firm filed the Shelf Prospectus with the target of sustaining monetary energy and offering most flexibility going ahead because it executes its marketing strategy and strategic initiatives.

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Greenlane doesn’t have any instant plans to supply securities underneath the Shelf Prospectus. The precise phrases of any future providing will likely be established in a prospectus complement to the Shelf Prospectus, which complement will likely be filed with the relevant Canadian securities regulatory authorities.

Greenlane additionally proclaims that at 4:59 p.m. Jap Time on June 3, 2021 its frequent share buy warrants exercisable at 26 cents per share expired and had been delisted the identical day with roughly 30.1 million $0.26 warrants being exercised previous to expiry. The warrant workouts generated roughly $7.8 million in gross proceeds for the Firm since initially being issued on June 3, 2019. As at June 3, 2021, Greenlane’s whole shares excellent is roughly 150.0 million shares.

About Greenlane Renewables

Greenlane Renewables is a number one world supplier of biogas upgrading programs which might be serving to decarbonize pure fuel. Our programs produce clear, low-carbon and carbon-negative renewable pure fuel from natural waste sources together with landfills, wastewater therapy crops, dairy farms, and meals waste, appropriate for both injection into the pure fuel grid or for direct use as automobile gasoline. Greenlane is the one biogas upgrading firm providing the three important applied sciences: water wash, strain swing adsorption, and membrane separation. With over 30 years business expertise, patented proprietary expertise, and over 125 biogas upgrading programs bought into 19 nations worldwide, together with the world’s largest biogas upgrading facility, Greenlane is impressed by a dedication to serving to waste producers, fuel utilities or venture builders flip a low-value product right into a high-value low-carbon renewable useful resource. For additional info, please go to

FORWARD LOOKING INFORMATION – This information launch accommodates “forward-looking info” throughout the that means of relevant securities legal guidelines. All statements contained herein that aren’t historic in nature include forward-looking info. The forward-looking info contained on this press launch consists of statements concerning the approval of the Shelf Prospectus and the power of the Firm to finish financings pursuant to the Shelf Prospectus. A wide range of elements, together with identified and unknown dangers, lots of that are past the Firm’s management, may trigger precise outcomes to vary materially from the forward-looking info on this press launch. Such elements embody, with out limitation, dangers recognized within the Firm’s annual info kind, annual MD&A and the Shelf Prospectus, every of which has been filed underneath the Firm’s SEDAR profile at Readers are cautioned to not put undue reliance on forward-looking info. The Firm undertakes no obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, besides as required by relevant legislation. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion.

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Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables

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