Mr. Monty Balderston reports

GREENLANE RENEWABLES EXTENDS $26.5 MILLION CREDIT FACILITY

Greenlane Renewables Inc. has extended its $26.5-million standby letter of credit facility to April 30, 2025. The facility is secured by a guarantee from Export Development Canada.

"This extension marks a significant milestone in supporting the company's financial flexibility," said Monty Balderston, chief financial officer of Greenlane. "The facility supports the company's pursuit and fulfilment of larger projects and larger portfolios of projects in the global RNG [renewable natural gas] market."

About Greenlane Renewables Inc.

Greenlane is driving change: accelerating the energy transition to a net-zero emissions economy. The company is cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading specialist in biogas upgrading, Greenlane has been actively contributing to the decarbonization of the planet for over 35 years. The systems it provides transform biogas generated from organic waste into high-value, grid-ready renewable natural gas. The company's systems produce clean, low-carbon and carbon-negative RNG from organic waste sources, including agriculture (such as dairy and hog manure), water resource recovery facilities, food waste, landfills and sugar mills. Greenlane is the only biogas upgrading company offering and actively deploying the three main upgrading technologies -- water wash, pressure swing adsorption and membrane separation -- plus proprietary biogas desulphurization technology. Greenlane has delivered over 145 biogas upgrading systems into 19 countries, including some of the largest RNG production facilities in the world, and over 160 biogas desulphurization units.