Relationships with debuts
New listing of GREEN LANES S.A. on NewConnect
The company GREEN LANES S.A. was newly listed on NewConnect on 16 June 2025.
Green Lanes S.A. is the 362nd company listed on NewConnect and the fifth new listing on NewConnect in 2025.
Key information
|
company name |
GREEN LANES S.A. |
|
ticker/short name |
GRL/GREENLANE |
|
website |
|
|
seat |
Tarnawatka-Tartak |
|
core business |
The Issuer’s Group is engaged in the development and marketing of new technologically advanced materials based on the potential of a renewable commodity: annual plants. |
|
new listings on NC in 2025 |
5 |
|
companies listed on NC |
362 |
|
business sector |
wood and paper - other |
|
companies in the sector |
1 |
|
offering/sale* |
Public offering of 350,000 series B shares; Public offering of 567,037 series C shares; Public offering of 148,474 series D shares |
|
offering/sale value* |
Offering of series B shares: PLN 7,700,000.00 Offering of series C shares: PLN 12,474,814.00 Offering of series D shares: PLN 3,266,428.00 |
|
issue/selling price* |
Issue price of series B, C, D shares: PLN 22.00 |
|
company valuation* |
PLN 62,733,242 |
|
value of introduced instruments** |
PLN 62,656,242 |
|
% free float (below 5% in shares subject to the application) |
32.87 % |
|
free float value* |
PLN 20,672,806.00 |
|
% free float (below 5% in all shares) |
32.96% |
|
free float value* in all shares |
PLN 20,672,806.00 |
|
number of shareholders (shares subject to the application) |
80 (74 not related to the Issuer) |
|
Authorised Advisor |
Dom Maklerski Banku Ochrony Środowiska S.A. |
|
Relations with other companies listed on NC/MM |
JRH ASI S.A. holds 5.65% of the Issuer’s equity |
* based on the reference price of series A, B, C and D shares proposed by the Authorised Adviser and the Market Maker equal to PLN 22.00
Issuer’s history and business
The legal predecessor of the Issuer, Green Lanes spółka z ograniczoną odpowiedzialnością, was established in 2017 (original name EAST HEMP Sp. z o.o., later changed to Green Lanes Sp. z o.o.).
Green Lanes S.A. is the parent company of a group comprised of its subsidiaries. From the outset, the Group’s business model has been to develop several business lines in parallel based on a shared commodity base of fibre crops, in particular industrial hemp. The Issuer has been the strategic coordinator responsible for management, raising funding, providing shared services, and identifying and developing research and development initiatives.
The Issuer’s Group is engaged in the development and marketing of new technologically advanced materials based on the potential of a renewable commodity: annual plants. The Issuer has developed a new category of wood, STRUMBER®, which is addressed to the wood and furniture industry and is a substitute for traditional wood harvested from forests. The Issuer has developed a prototype granulate for the production of compostable polymer plastics for use in the manufacturing of film and packaging. Both products have been manufactured on the basis of a highly available renewable material, stems of annual plants, which are a waste product in agri-food production. The Issuer’s mission is to replace current materials based on non-renewable commodities, such as forests and fossil fuels, with materials made from fully renewable commodities derived from annual plants.
In view of the current stage of development of the developed technologies, the Issuer is focusing on the commercialisation of STRUMBER®, while a decision on the further development of the biogranulate and biopolymer technology will be taken in the future depending on the availability of resources for its further development.
Selected financials of the Issuer (PLN):
|
|
Q1 2025 |
2024 |
2023 |
|
equity |
11 815 504.36 |
13 260 979.91 |
516 053.86 |
|
liabilities and provisions |
8 837 903.46 |
2 553 769.21 |
5 096 106.22 |
|
total assets |
20 657 862.43 |
15 873 265.82 |
5 677 525.36 |
|
net revenue |
13 119.34 |
222 196.80 |
1 514 508.37 |
|
net profit |
-4 711 903.55 |
- 6 899 887.95 |
- 3 592 822.86 |
|
total net cash flows |
6 166 923.17 |
- 1 506 190.47 |
1 503 018.88 |
|
cash – closing balance |
6 506 605.88 |
339 682.71 |
1 845 873.18 |
Shareholders’ participation in equity and votes
|
|
Number of shares and votes |
% of shares and votes |
|
Piotr Pietras |
397 273 |
13.93% |
|
Total FIZ |
395 000 |
13.85% |
|
Krzysztof Kusiak |
266 000 |
9.33% |
|
Invens LLC |
214 000 |
7.50% |
|
5HT Fundacja rodzinna |
173 000 |
6.61% |
|
JR Holding Alternatywna Spółka Inwestycyjna Spółka Akcyjna |
161 000 |
5.65% |
|
Fundacja Zbigniewa Juroszka Fundacja Rodzinna |
159 091 |
5.58% |
|
Robert Wilczyński |
146 474 |
5.14% |
|
Jacek Kramarz |
138 000 |
4.84% |
|
Other |
801 673 |
28.12% |
|
TOTAL |
2 851 511 |
100.00% |
Source: Issuer
Financial instruments newly listed on NewConnect:
- 1,782,500 series A ordinary bearer shares
- 350,000 series B ordinary bearer shares
- 567,037 series C ordinary bearer shares
- 148,474 series D ordinary bearer shares
