Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) has announced the appointment of retired Four-Star General Daniel R. Hokanson as Chief Executive Officer, subject to TSX Venture Exchange approval. Hokanson, former 29th Chief of the National Guard Bureau and member of the Joint Chiefs of Staff, brings 38 years of military leadership to the sustainable real estate and renewable energy developer. The appointment is accompanied by a restructured executive team, with current CEO Jeff Ciachurski transitioning to Executive Chairman and Brian Conlan assuming the role of President.

Key Points

  • Greenbriar Sustainable Living Inc. (TSXV: GRB / OTC Pink: GEBRF)
  • Retired Four-Star General Daniel R. Hokanson appointed as CEO, pending TSX Venture Exchange approval
  • Hokanson granted 1,000,000 RSUs (or one million common shares) subject to TSXV approval and AGM consideration; Jeff Ciachurski moves to Executive Chairman
  • Investors may watch for TSXV approval of the appointment and progress on Puerto Rico utility-scale solar and battery projects

General Hokanson's Military and Academic Background

Daniel Hokanson served 38 years in the Army and Army National Guard, including 14 years as a general officer, with deployments spanning Operation Just Cause, Operation Enduring Freedom, and Operation Iraqi Freedom. As the 29th Chief of the National Guard Bureau, he advised the President of the United States, the Secretary of Defense, and the National Security Council. He holds a B.S. in Aerospace Engineering from West Point, two master's degrees from the Naval Postgraduate School and the Naval War College, and completed a National Security Fellowship at Harvard University. He is also a command pilot with over 2,600 flight hours across more than 30 aircraft types.

Hokanson's Strategic Role at Sage Ranch and Puerto Rico Projects

The announcement states that Hokanson's focus will include overseeing the regulatory approval process in Puerto Rico, encompassing anticipated review by the Financial Oversight and Management Board and other agencies. He will also provide strategic guidance on military and aviation housing applications for the Sage Ranch project in Tehachapi, California. The release notes Sage Ranch is a 35 to 40-minute drive from six major fully funded aviation programmes, including the B-21 strategic delivery platform and the F-47 fighter platform, which the company indicates supports demand for professional housing in the region.

Federal Investment Tax Credit Position for Puerto Rico Energy Contracts

Greenbriar also addressed the status of the federal 30% Investment Tax Credit applicable to its two utility-scale solar and battery contracts in Puerto Rico. The release states the ITC for the battery contract runs until 2031, while the solar ITC is scheduled to expire December 31, 2027. The company notes its US legal counsel has advised of the likely probability of an extension, citing bi-partisan historical support and the fact that the ITC and/or Production Tax Credit have been extended every term since 1997, including on two occasions where extensions were granted after expiry.