Greenbriar Sustainable Living Inc. Reports Q1 2026 Loss of $1.07M
Greenbriar Sustainable Living Inc. filed its unaudited condensed consolidated interim financial statements for the three months ended March 31, 2026. The company reported a net loss of $1,074,066 for the period, an increase from the $982,732 loss in the prior year's quarter. Total assets grew to $21,968,286, while shareholders' equity also saw an increase to $4,199,289. The company highlighted ongoing development projects, including Sage Ranch and the Montalva solar project, and noted material uncertainties regarding its ability to continue as a going concern due to its accumulated deficit and working capital deficiency. Recent financing activities include a private placement in March 2026 and another subsequent to the period end in May 2026.
Key Highlights
- Greenbriar Sustainable Living Inc. reported a net loss of $1,074,066 for the three months ended March 31, 2026, compared to a loss of $982,732 in the same period of 2025.
- Total assets increased to $21,968,286 as of March 31, 2026, from $21,554,750 as of December 31, 2025.
- Total liabilities increased slightly to $17,768,997 as of March 31, 2026, from $17,738,987 as of December 31, 2025.
- Shareholders' equity increased to $4,199,289 as of March 31, 2026, from $3,815,763 as of December 31, 2025.
- Cash used from operating activities was $735,534 for the three months ended March 31, 2026.
- The company closed a private placement on March 13, 2026, raising $250,000 in gross proceeds.
- Subsequent to March 31, 2026, the company closed another private placement on May 15, 2026, for $250,000.
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