Greenlane Renewables Inc.

Good afternoon, ladies and gentlemen.

Welcome to the Green Lane Renewables Second Quarter 2026 video conference. My name is Darren Seed, President of Insight Capital Markets, responsible for investor relations at Green Lane. I'm joined today by Brad Douville, Green Lane's Chief Executive Officer, and Stephanie Mason, Green Lane's Chief Financial Officer. We'll begin with prepared remarks, followed by a Q&A, which I will moderate. Before beginning our formal remarks, we'd like to remind listeners that today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements. Green Lane Renewables does not undertake to update any forward-looking statements except as may be required by applicable laws. Listeners are urged to review the full discussion of risk factors in the company's annual information form, which has been filed with Canadian securities regulators. Please feel free to submit any questions you may have through our investor email address at ir.greenlanerenewables.com. Now, over to Brad.

Thanks, Darren. Good afternoon and thank you everyone for joining us today. This quarter marked another important step in GreenLane's evolution as we continue to execute on our strategic initiatives that we believe will define our next phase of growth. During the quarter, we significantly advanced the commercialization of our future growth engine, our next generation CascadeLF landfill gas upgrading technology, by achieving two important milestones. First, we solidified our manufacturing strategy in Brazil by signing the definitive agreements with global manufacturing and technology leader Panasonic. Under the agreements, Greenlane and Panasonic have partnered to establish volume production of Greenlane's Cascade LF and Cascade MS proprietary product lines in Brazil, which is key to enhancing project economics for our customers in the region. The partnership with Panasonic not only brings their manufacturing expertise, but also the strength of their balance sheet to support sales growth. Panasonic is investing in facility modifications, tooling, and production equipment for its existing plant in San Jose de Campos in the Brazilian state of Sao Paulo to produce the GreenLane branded product modules and will provide the necessary working capital and advance payment assurances to meet customer requirements. Panasonic's initial investments are expected to be in the range of 8 to 10 million Brazilian reais, which is 2 to 3 million Canadian dollars. Greenland retains responsibility for product design, management of the supply chain, including supplier selection and supplier quality assurance, marketing and sales, and commissioning and servicing of the products. Second, we successfully completed testing of our proprietary linear NRU nitrogen rejection unit technology. It sits at the heart of the Cascade LF. We demonstrated breakthrough methane recovery performance with a low cost architecture. Methane recovery is the primary performance parameter for any upgrading system because every 1% improvement translates into a 1% increase in project revenue, which drops directly to the bottom line. Achieving high methane recovery is difficult in landfill gas applications because of the unique challenge of separating nitrogen from methane. Results from the testing exceeded our expectations. At a time when global energy markets are increasingly focused on supply, security and reliable fuel sources, fuel sources, technologies like Cascade Eleph are well positioned to support the growing role of RNG as a resilient, scalable and low carbon energy solution. Despite making substantial investments in the final development and start of production readiness for CascadeLF, we were able to generate a positive EBITDA result in the quarter. We've noted that our strategy includes continued sales growth in our most profitable business areas, Our parts and service and biogas desulfurization are those business areas that have continued robust performance, providing strong gross margin contribution as a result of durable uptake of these products and services in the market. We also continue to make positive progress in closing out legacy biogas upgrading system supply contracts. Our strategy builds on the strength of this solid foundation, adding step change profitable growth potential with Cascade LF and Cascade MS with an estimated total addressable market of 600 million annually. We're still aiming for production readiness by the end of 2026. Taking a moment to reflect on industry happenings, there are some recently released data and reports that I believe are worth sharing that provide helpful context for our business and a view of where the market might be heading. According to new data released by the American Biogas Council, landfill remains the largest source of RNG production in the US, producing 64% of the nation's total from just under 600 landfill gas capture systems. Developers brought 20 new landfill projects online in 2025, all of which capture additional biogas and convert it into RNG that displaces conventional natural gas. Together, these facilities added 40 billion cubic feet of new biogas capture capacity, about 75% of all US biogas capture capacity added last year across all biogas sectors. Landfill gas facilities typically capture far larger volumes of biogas than systems in agriculture, wastewater, or food waste sectors, resulting in a disproportionate share of the total biogas capture. Based on the US EPA Landfill Methane Outreach Program classifications, approximately 700 additional landfills remain suitable for landfill gas development. Meanwhile in Europe, installed biomethane production capacity reached 8.2 billion cubic meters per year by the end of Q2, 2026. That's up 17% compared to 2025, according to the European Biomethane Map developed in cooperation with the Gas Infrastructure Europe, GIE. Investor appetite also remains strong with investment commitments reaching 36 billion euros. a significant increase from last year's reported investments of 28 billion euros. According to the biomethane investment This growing investor confidence underscores the sector's significant acceleration potential, provided the right regulatory conditions are in place. If fully realized, these investments are expected to deliver 9 billion cubic meters per year of additional biomethane production capacity by 2030, strengthening Europe's domestic energy supply and contributing to the EU's decarbonization objectives. According to a 2026 guide house study, the EU27's potential stands at 31 to 32 billion cubic meters for 2030 and is projected to reach 163 to 184 billion cubic meters by 2050. I appreciate your continued support, and I look forward to keeping you informed of our progress. Also, I want to thank the Greenland employees for the continued hard work, passion, and drive for results. With that, I'll now turn the call over to Stephanie.