Greenlane Renewables Announces New Chief Financial Officer
Burnaby, British Columbia, Canada – October 15, 2019 Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) today announced the appointment of Ms. Lynda Freeman as Chief Financial Officer (“CFO”) effective immediately.
Ms. Freeman is a distinguished financial professional with over 22 years of experience. She has held progressively senior financial leadership roles, including five years as CFO of TSX-listed Alterra Power Corp., a global renewable energy company with hydro, wind, geothermal and solar generation capacity. Lynda began her professional career at PricewaterhouseCoopers where she spent ten years, based in three different countries (the United Kingdom, Australia and Canada) in the audit practice working with both public and rate regulated companies. Ms. Freeman earned her BA Honours degree in Accountancy and Law at Oxford Brookes University and is a UK qualified Chartered Accountant (ACA).
Ms Freeman replaces Mike Liggett, who joined Greenlane earlier this year on a part-time basis and became CFO upon completion of the Company’s Qualifying Transaction in June of this year.
“Lynda’s public markets experience combined with her financial expertise in renewable energy will help us realize our business expansion goals, including the launch of our new build, own, operate model,” said Brad Douville, Chief Executive Officer of Greenlane. “Lynda brings her proven finance track record, demonstrated leadership capabilities and deep transactional experience in renewable energy project and equipment finance, and will be a great addition to the senior leadership team. Additionally, I want to personally thank Mike Liggett for his efforts and contributions while we completed our search for a permanent full-time CFO.”
As part of Ms. Freeman's compensation package, she has been granted an option to acquire up to 100,000 common shares of the Company at an exercise price of $0.20 per common share which will vest 1/3 on each of the first three anniversaries and expire in October 2024.
About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping 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, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies; water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 100 biogas upgrading units supplied into 18 countries worldwide, including the world’s first and second largest biogas upgrading facilities, Greenlane is inspired by a commitment to helping waste producers improve their environmental impact, green credentials, and bottom line. For further information, please visit www.greenlanerenewables.com.
For more information please contact:
Incite Capital Markets
Eric Negraeff / Clayton Paradis
Brad Douville, President & CEO, Greenlane Renewables