GEBRFOTCReal EstateUS GAAP · USD

Greenbriar Sustainable Living Inc.

Greenbriar Sustainable Living Inc. is a British Columbia-based real estate and sustainable development company focused on entry-level housing, renewable energy, green technology, and related investment projects. It operates through a corporate structure with Canadian and U.S. subsidiaries and is listed on the TSX Venture Exchange and the U.S. OTC market.

Revenue0.0m USD
Operating profit (EBIT)-4.0m USD
−54.1 %y/y
Net income-5.1m USD
−82.5 %y/y
Free cash flow-1.2m USD
+46.2 %y/y

Fiscal year 2024 · change from previous year

Development 2021–2024

-10-8-6-4-20m USD2021: 0.00 m USD2021: EBIT -9.3 m USD20212022: 0.00 m USD2022: EBIT -6.5 m USD20222023: 0.00 m USD2023: EBIT -2.6 m USD20232024: 0.00 m USD2024: EBIT -4.0 m USD2024TTM 2025: EBIT -4.0 m USDTTM-4.0
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Entry-level housing development30 %

Development of affordable and entry-level residential housing projects.

Sustainable real estate25 %

Real estate projects positioned around sustainability and green design.

Renewable energy projects20 %

Projects tied to renewable power generation and energy-related assets.

Green technology15 %

Technology-oriented projects linked to clean technology and sustainability.

Sustainable investments10 %

Investment holdings and project interests aligned with sustainable themes.

Customers

Greenbriar's end users are primarily homebuyers and project counterparties tied to residential development, along with investors and partners in sustainable real estate and clean energy projects. The business also depends on land, water, permitting, and development counterparties because project execution is central to monetizing its assets.

Entry-level homebuyers

Buy completed or developed housing units aimed at first-time and value-focused buyers.

Development partners

Joint-venture and project partners involved in land, housing, or infrastructure development.

Clean energy and green tech counterparties

Buy or collaborate on renewable energy and sustainability-linked projects.

Capital providers and investors

Provide funding for project development or hold interests in sustainable assets.

Resource-rights sellers

Sell water rights, land, or related entitlements needed for project execution.

Strategy

Greenbriar's strategy centers on assembling and developing sustainable real estate and renewable energy projects that can be monetized over time through sales, project completion, or investment value creation. It also emphasizes acquiring and controlling strategic inputs such as land and water rights to support future development optionality.

Advance sustainable housing projectsMedium term

Housing development is the core path to converting project assets into realized value.

Secure project-enabling rights and assetsShort term

Land and water rights can determine whether development projects are feasible.

Maintain access to capital marketsShort term

Project-based development requires continuing access to funding and public-market visibility.

Geography

Greenbriar is headquartered in Canada, with public-market access through Canada and the United States and corporate references to Vancouver, Coquitlam, and Scottsdale. Its business exposure is concentrated in North American development and investment activity, and the company also reports in Canadian dollars while maintaining U.S. operating and financing touchpoints.

Risks

Greenbriar faces execution risk typical of project-based real estate and clean-tech developers, including permitting, financing, land entitlement, and counterparties not completing transactions. It also has exposure to valuation volatility in project assets and derivatives, which can affect reported results even before projects generate stable cash flow.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Development and permitting delays1Financing and liquidity dependence2Fair value and derivative volatility3Water-rights contractual risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Development and permitting delaysImpact: HighLikelihood: High

    Project monetization depends on approvals, land readiness, and execution timing.

    Exposure: Housing and sustainable real estate projects

  2. Financing and liquidity dependenceImpact: HighLikelihood: High

    The company must fund project acquisition and development before assets can generate returns.

    Exposure: Project acquisitions and working capital

  3. Fair value and derivative volatilityImpact: MediumLikelihood: High

    Derivative liabilities and marketable securities can create earnings swings unrelated to operations.

    Exposure: Derivative liability and investment holdings

  4. Water-rights contractual riskImpact: MediumLikelihood: Medium

    The company disclosed a water-rights purchase agreement with deadline and late-fee provisions.

    Exposure: Adjudicated and deeded water rights

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Accounting

Judgemental items
Derivative liability fair value

The company reports a derivative liability whose balance changes with valuation assumptions and exchange rates.

Impact: Can create non-cash gains or losses in earnings

Marketable securities valuation

The company carries marketable securities on the balance sheet at fair value.

Impact: Changes in market prices affect assets and equity

Contingent contract obligations

The water-rights agreement includes late-fee escalation and expiry terms that may require accrual judgment.

Impact: May affect liabilities and future cash requirements

Foreign exchange translation

Reporting is in Canadian dollars while some transactions and obligations are in U.S. dollars.

Impact: Can affect liabilities, assets, and period results

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

Greenbriar Sustainable Living Inc. (OTC) – Real Estate | Financial Analysis – Clarifo