Scottsdale, Arizona–(Newsfile Corp. – February 16, 2024) – Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC PINK: GEBRF) (“Greenbriar” or the “Company”) is pleased to announce that our new Greenbriar Director Chris Harvey, has recommended for executive approval, which is granted, a cash dividend policy whereby 35% 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 via 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, …
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