What is the total water rights controlled by Greenbriar for Sage Ranch now?

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Greenbriar Now Controls 282 Acre-Feet of Water Rights for Sage Ranch

Greenbriar Sustainable Living Inc. has increased its control over water rights for Sage Ranch, now holding a total of 282 acre-feet of adjudicated pumping rights. This follows the acquisition of an additional 115 acre-feet of adjudicated and deeded water rights from Ronnie Strasser for USD $1,250,000. The funding for this transaction will be sourced from the proceeds of Greenbriar's Voya construction loan.
Acquisition of Additional Water Rights

Greenbriar has entered into a binding agreement with Ronnie Strasser to purchase 115 acre-feet of water rights, which include both adjudicated and deeded classifications. The financial consideration for this acquisition amounts to USD $1,250,000. This strategic move significantly bolsters the company's water resource portfolio for its Sage Ranch development.
Total Water Rights Secured

With the recent acquisition, Greenbriar's total control over adjudicated pumping rights for Sage Ranch now stands at 282 acre-feet. This figure represents the sum of previously held rights and the newly acquired volume, consolidating a substantial water resource for the project.
Funding Mechanism for the Acquisition

The financial obligations associated with the purchase of these water rights will be met through funds derived from the Voya construction loan. This indicates a structured approach to financing the expansion of Greenbriar's asset base.
Ronnie Strasser Joins Advisory Board

In conjunction with the water rights transaction, Ronnie Strasser is set to join Greenbriar's Real Estate Advisory Board, effective March 17, 2025. This appointment suggests a continued involvement and advisory role for Strasser within the company's strategic initiatives.

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What is the total water rights controlled by Greenbriar for Sage Ranch now?

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