Greenlane Renewables Retains New Market-Making Services

BURNABY: Greenlane Renewables Inc. announced that, subject to regulatory approval, it has retained Haywood Securities Inc. for its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the Company.

The market-making service will be undertaken by Haywood in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay Haywood $5,000 per month for a period of 6 months. The agreement may be terminated at any time by the Company or Haywood.

The Company and Haywood act at arm’s length, and Haywood has no present interest, directly or indirectly, in the Company or its securities except that its clients and members of its pro group may own shares of the Company from time to time. The finances and the shares required for the market-making service are provided by Haywood, an arm’s length party to the Company.

The fee paid by the Company to Haywood is for services only and is the same amount the Company paid to its previous service provider.

Founded in 1981, Haywood is a 100% employee-owned investment dealer with more than 300 employees in its Canadian offices in Vancouver, Calgary and Toronto. – Business Wire

Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.