Greenlane Renewables Announces Appointment of Lead Director and Amendment to Omnibus Incentive Plan

~Company amends proxy to recognize latest governance trends and institutional shareholder voting suggestions~

Greenlane Renewables Inc. ("Greenlane") (TSX: GRN / FSE: 52G) today announced that it has appointed a current director of the Company, Ms. Elaine Wong, to the position of Lead Independent Director. Ms. Wong will remain a member of both the Audit and the Corporate Development Committee. The Company has also amended its Omnibus Incentive Plan to limit the value of grants to non-employee director awards.

The Company's Omnibus Incentive Plan is being submitted for shareholder approval at the Company's annual general meeting on June 23, 2021. The Board of Directors has now approved the inclusion of an annual value limit of $150,000 on the discretion to grant a non-employee director equity-based incentives (RSUs) pursuant to the Omnibus Incentive Plan. This Plan does not permit the grant of stock options to non-employee directors, so the limit for options is set at ‘Nil'. This limit is being added to reflect best practice in equity-based compensation plans that include non-employee directors.

In the proxy, Section 2.5 (1) subsection (e), as amended now reads:

(1) Notwithstanding any other provision of this Plan, and subject to applicable Exchange Policies, the maximum number of Common Shares that:

(e) may be issuable to any one Non-Employee Director pursuant to annual grants of Award(s) shall not exceed a value of $150,000 (based on the Fair Market Value); provided further that no amount of such value shall be comprised of Options.

About Greenlane Renewables

Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Our systems produce clean, low-carbon and carbon-negative renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 125 biogas upgrading systems sold into 19 countries worldwide, including the world's largest biogas upgrading facility, Greenlane is inspired by a commitment to helping waste producers, gas utilities or project developers turn a low-value product into a high-value low-carbon renewable resource. For further information, please visit www.greenlanerenewables.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005503/en/

Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
Email: IR@greenlanerenewables.com

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Greenlane Renewables Announces Appointment of Lead Director and Amendment to Omnibus Incentive Plan

Overview

Company Highlights

Investor Insight

Overview

Market Position and Competitive Advantage

Company Highlights

Key Technologies

HPDI Fuel System (transferred into the Cespira JV with Volvo Group)

High-pressure Controls and Components

Management

Dan Sceli - CEO

Elizabeth Owens - CFO

Ashley Nuell - VP of Investor Relations

HPQ market forecast and drivers

Traditional production and limitations

Innovations in processing and logistics

Case study: Homerun Resources

Investor takeaway

Investor Insight

Overview

Company Highlights

Technology Value Propositions

Competitive Advantages

Management Team

Chester F. Millar – Executive Chairman, Director

Duane A. Nelson – Director, CEO

Joseph Ovsenek – Director

Grant Bond – Chief Financial Officer

Hanif Jafari – CTO

Bruce Bried – Director

Darryl J. Yea – Director

Michael Cowin – Director

William R. Sheriff – Advisory Board

Keith Peck – Advisory Board

Janet L. Sheriff – Advisory Board

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