Greenlane Renewables Inc. (GRN.TO)

Greenlane Renewables Inc. (GRN.TO) — VMCI valuation read

Greenlane Renewables Inc. sits at VMCI 45/100, with the Industrials sector median at 50. That 5-point spread is the first thing to note on GRN.TO: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on GRN.TO are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on GRN.TO: GRN.TO trades at 14.0x earnings, 22% below the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Industrials median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of 1.8x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

GRN.TO fell 3.7% over the trailing 7 days, with a +6.6% read on a 30-day basis.