Gambler, a good idea to buy more, with news today, sounds like they are getting ready for revenues
Mr. Jeffrey Ciachurski reports
GREENBRIAR ANNOUNCES DIVIDEND POLICY AND EXPANDED REAL ESTATE PROJECT PIPELINE
Greenbriar Sustainable Living Inc.'s new director, Chris Harvey, has recommended for executive approval, which is granted, a cash dividend policy whereby 35 per cent of the annual free cash flow (FCF) derived from any of the company's projects, specifically at this time Sage Ranch and Montalva, will be distributed to all shareholders through a future annual cash dividend that is in compliance with all standard and customary regulatory policies in both Canada and the United States. Further, starting prices at our Cardero Ranch project will be approximately USD $200,000 for a 650 square foot starters unit and the corporate terms for the entire project begins at a carried interest of 20% of the FCF net of third source funding. The project is outlined for 3,500 units of mixed use.
In addition, the company is actively engaged to acquire a sizeable entry-level housing project in both Southern Arizona and Hawaii. Details on the projects to follow.
For new readers of Greenbriar, Chris Harvey was previously CEO of JP Morgan Securities. (part of JP Morgan Chase NYSE: JPM USD $4 Trillion AUM)
Chris began his career at JP Morgan 39 years ago, and helped build out the firm's overall investment banking capabilities. His roles included client banker, head of foreign exchange options, emerging markets derivatives, and then built an advisory and solutions team focused on corporate finance valuation, as well as tax and accounting efficiency. He was also responsible for reputational risk for the firm's investment bank in the Americas.
After spending several years as the Chief Country Officer for Japan, Chris then ran the Wealth Management business for all of Latin America, with his final position as the CEO of JP Morgan Securities for four years.
Chris is from Columbus, Ohio and holds a degree in Economics from Harvard College.