Greenbriar Sustainable Living Inc 6-K, filed Jun 4, 2024
Greenbriar Sustainable Living Inc. (GEBRF)
About this 6-K
Greenbriar Sustainable Living Inc filed this 6-K on June 4, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2024
Commission File No. 000-56391
Greenbriar Sustainable Living Inc.
(Translation of registrant's name into English)
632 Foster Avenue
Coquitlam, British Columbia, Canada V3J 2L7
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F ☑ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ☐
SUBMITTED HEREWITH
Exhibits
| Exhibit | Description | |
| 99.1 | News Release dated June 4, 2024 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Greenbriar Sustainable Living Inc.
/s/ Jeff Ciachurski
______________________________________
Jeff Ciachurski
Chief Executive Officer
Date: June 4, 2024
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Greenbriar Sustainable Living Inc. Greenbriar Capital Holdco Inc. Greenbriar Capital (US) LLC 632 Foster Avenue, Coquitlam, British Columbia, Canada V3J 2L7 Phone: 949.903.5906 Fax: 604.608.9572 www.greenbriarcapitalcorp.ca |
NEWS RELEASE
Greenbriar Announces Conservation Update from the City of Tehachapi
| June 4th, 2024 | Trading Symbol: |
| TSX Venture Exchange: GRB | |
| US OTC Market: GEBRF |
Scottsdale, Arizona, June 4th, 2024 - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar" or the "Company") The city has made public information on the City's excellent conservation results for total water consumption over the past five (5) years. The information is split on total consumption and supply.
With the consumption side, below is the City's total usage for the past five years. (AF = Acre Feet)
| Year | Water Consumed |
| 2019 | 1,815 AF |
| 2020 | 1,934 AF |
| 2021 | 2,035 AF |
| 2022 | 1,835 AF |
| 2023 | 1,710 AF |
In fiscal 2023 the city leadership has reduced water consumption by over 300 Acre Feet per year since 2021, which is a 15% total reduction.
Regarding the supply side, the total city supply is 2,480 Acre-feet of adjudicated basin water rights comprised of 1,974 Acre Feet of 100% city owned deeded adjudicated basin water rights at the end of the year, plus an additional 506 Acre Feet of adjudicated deeded basin water rights in the form of leases for a total annual supply of 2,480 Acre Feet.
The city's difference between supply and consumption is a surplus of 770 Acre Feet per year of adjudicated basin rights.
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“Greenbriar Capital Corp. was recognized as a TSX Venture 50® company in 2014 and 2023. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.” Toronto Venture Exchange Symbol: GRB | US OTC Symbol: GEBRF |
This does not include the city's legal rights to obtain an additional 1,152 Acre Feet per year of surface water from the State Water Project. The company congratulates the city on this great achievement of water management and conservation.
With respect to the city commissioned WSA (Water Supply Assessment), the independent professional engineers who wrote the report state that the project will consume a total of 350 Acre Feet when fully built. The WSA further states that an average new unit will consume 0.13 Acre feet per person versus 0.22 Acre Feet per person for the historical average consumption in the region. This is a consumption reduction of 59%, which validates the "sustainability" in Sustainable Housing. The per person total is based on 2.63 persons per unit.
Greenbriar has 175 Acre Feet owned both by Greenbriar and legally committed from its shareholders, and only needs 175 Acre Feet from the City. The city has a surplus of 770 Acre Feet. The above is public information.
On a related note, the Company is currently reviewing the main loan documentation.
Updates to follow.
About Greenbriar Sustainable Living Inc.
Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the proposed amendment. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR profile at www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
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“Greenbriar Capital Corp. was recognized as a TSX Venture 50® company in 2014 and 2023. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.” Toronto Venture Exchange Symbol: GRB | US OTC Symbol: GEBRF |