Greenbriar - GEBRF STOCK NEWS

Greenbriar Sustainable Living (TSXV: GRB) (OTC Pink: GEBRF) has announced progress on its debt settlement agreement with Captiva Verde Wellness Corp. The company will settle $1,000,000 of debt by issuing 2,197,802 common shares to Captiva at $0.455 per share.

This debt is part of a larger $5,591,588 obligation held by Greenbriar's subsidiary, Greenbriar Capital (U.S.) , which requires 48 monthly payments of $116,491 from July 1, 2024, to June 1, 2028. The transaction is considered non-arm's length due to shared executive leadership between the companies.

The debt settlement remains subject to TSX Venture Exchange approval, and issued securities will have a four-month and one-day hold period.

Greenbriar Sustainable Living (TSXV: GRB) (OTC Pink: GEBRF) has filed amended MD&As following a review by the British Columbia Securities Commission. The amendments include enhanced disclosure about projects, corporate transactions, and the Sage Ranch Pro Forma Review by Altus Group The company has also reassessed the accounting treatment of its option and joint venture agreement with Captiva Verde Wellness Corp. This reassessment revealed that Captiva's option should have been classified as a financial liability at fair value through profit and loss. The fair value of the Option liability was $3.8 million as of January 1, 2023, with related accretion expenses of approximately $185k. This will result in a reduction of Sage Ranch assets by approximately $4 million as of December 31, 2023, and will be reflected in the 2024 Annual Financial Statements.

Greenbriar Sustainable Living announced that Jenniffer Gonzalez Colón has won Puerto Rico's gubernatorial election, defeating her closest opponent by nearly 10% with 90% of votes counted. Gonzalez Colón, who previously served as US Federal Resident Commissioner in Congress, ran on a platform focusing on energy resilience and power grid reconstruction. Luis Baco, Greenbriar's Chief Counsel and future President in Puerto Rico, was Gonzalez Colón's former Chief of Staff. The PR notes that US Solar and Wind tax credits maintain full value (30-50%) until 2032, reducing to 26% through 2035.

Greenbriar Sustainable Living announced the City of Tehachapi's successful water conservation efforts over the past five years. From 2019 to 2023, water consumption decreased from 1,815 Acre Feet (AF) to 1,710 AF, a 15% reduction since 2021. The city holds 2,480 AF of adjudicated basin water rights, with a surplus of 770 AF per year, excluding additional rights to 1,152 AF from the State Water Project. The Water Supply Assessment (WSA) indicates the Greenbriar project will use 350 AF when fully built, with a new unit consuming 0.13 AF per person, representing a 59% reduction compared to historical averages. Greenbriar requires 175 AF from the city, which is feasible given the surplus. The company is also reviewing main loan documentation, with updates to follow.

Greenbriar Sustainable Living has provided an update on its 160MWdc Montalva solar project. The company clarified the Federal Oversight & Management Board's recent letter, emphasizing the efforts made with PREPA to finalize a revised Power Purchase and Operating Agreement (PPOA) submitted to the Puerto Rico Energy Bureau (PREB) on October 3, 2023. The revised PPOA, based on the 2020 version, has been amended to align with 2024's market realities. The final approval process involves PREPA Board, PREB, and eventually the FOMB. The settlement reached is outside the current RFP/tranche process and addresses issues from the FOMB's 2020 refusal to approve 14 renewable projects.

Greenbriar Sustainable Living Inc. provides an update on their water supply ownership, highlighting the acquisition of 262.5 Acre Feet of Adjudicated Water Rights dedicated to the Sage Ranch Project in California. The ownership, including two large shareholders and advisory members, ensures the required water rights for the project, exceeding the environmental impact report's needs. The company expresses gratitude towards the visionaries who secured these rights for sustainable housing. A webinar recording related to this update is available on their YouTube channel.

Greenbriar Sustainable Living Inc. will hold a webinar on April 26, 2024, at 11 am PDT to discuss various projects, including home purchases at Sage Ranch supported by the Federal Housing Administration. Updates on Montalva, Cordero Ranch, and insights from directors Chris Harvey and Jeff Ciachurski.

Greenbriar Sustainable Living Inc. announces a public webinar to update shareholders on all projects, including details on home purchases at Sage Ranch supported by government programs, upcoming project milestones, updates on Montalva and Cordero Ranch projects, and insights from former JP Morgan Securities CEO Chris Harvey. The webinar will feature directors Chris Harvey and Jeff Ciachurski providing answers and updates.

Greenbriar Sustainable Living Inc. announces plans to break ground on Sage Ranch in April 2024 despite ongoing drama with TCCWD and city. The company asserts ownership of water rights and approval for the project, unaffected by TCCWD's conflicts of interest.