Good afternoon, ladies and gentlemen. Welcome to the Greenlane Renewables Fourth Quarter and Year Ended December 31st, 2024 Video Conference. My name is Darren Seed, President of Incite Capital Markets, responsible for investor relations at Greenlane. I'm joined today by Brad Douville, Greenlane's Chief Executive Officer, and Stephanie Mason, Greenlane's Chief Financial Officer. We'll begin with prepared remarks followed by Q&A, which I will moderate. Before beginning our formal remarks, we'd like to remind listeners that today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements. Greenlane Renewables does not undertake to update any forward-looking statements except as may be required by applicable laws. Listeners are urged to review the full discussion of risk factors in the company's annual information form, which has been filed with Canadian securities regulators. Please feel free to submit any questions you may have through our investor email address at ir@greenlanerenewables.com. Now, over to Brad. Thanks, Darren. Good afternoon, and thank you, everyone, for joining us today. As you can tell, we're driving forward on a new path for our quarterly results where Stephanie and I will discuss the quarter and year end December 31st, 2024, through this video presentation. We made significant progress in 2024, as evidenced by our strong financial results and continued operational improvements. While Stephanie will provide the details of our financial results in a moment, I did want to highlight that our adjusted EBITDA improved by over 80%, balance sheet cash position strengthened by over 35%, and G&A cost run rate reduced by over 25%. This reflects disciplined cost management and positive impact from gross margin as a percent of revenue. It increased from 25% in 2023 to 32% in 2024. With over CAD 16 million in cash, no debt, a backlog of over CAD 21 million, as at December 31, 2024, we are entering 2025 with a strong foundation. Beyond financial results, technological innovation and leadership through products that provide the best price and performance remain the focal point for us. Greenlane recently filed two new patent applications for landfill gas upgrading technology aimed at maximizing methane recovery while reducing capital expenditure. The company plans to unveil its next-generation product line in 2025. Higher performance and lower cost systems boost revenue-generating RNG output while minimizing upfront investment, making RNG projects more accessible and scalable. Outside of our results and product development plans, we do receive inquiries about the nature, extent, and duration of any U.S. tariffs. We are assessing the direct and indirect impacts that these tariffs may have on our business, including the impacts of any retaliatory tariffs or other trade protectionist measures implemented as the situation evolves. The company is currently not supplying systems into the United States, reliant on components or assemblies supplied from Canada or Mexico. Leading biomethane offtakers have come together under the leadership of the European Biogas Association to emphasize biomethane's essential role in achieving Europe's climate neutrality objectives while ensuring the continent's global competitiveness. Harmen Dekker, CEO of the European Biogas Association, said that the European Commission's net zero targets require a profound transformation of Europe's energy systems driven by renewables, infrastructure development, and new market opportunities. He went on to say that to achieve this in the most competitive way, sustainable biomethane is a vital role to play in the upcoming Clean Industrial Deal, serving as an essential component of this transition by providing defossilization solutions, enhancing energy security, and strengthening Europe's industry. In the U.S. Democratic Congresswoman Hillary Scholten and Republican Congressman David Valadao introduced the Agricultural Environmental Stewardship Act of 2025 to extend the Section 48 investment tax credit under the Inflation Reduction Act for qualified biogas properties. Congresswoman Scholten said that extending the Section 48 investment tax credit is common sense, and to secure America's green future, producers must have the clarity necessary to make critical investments in biogas. She went on to say that her bill would put West Michigan's agricultural community at the forefront of the clean energy transition while cutting harmful greenhouse gas emissions and lowering costs for families across the country. She also said she's glad to work with her Republican colleague to introduce solutions that support communities across the country. Meanwhile, CNBC reported that natural gas producers are bullish on demand as they see significant upsides from the immense energy needs of artificial intelligence and data centers. The surge in power demand poses a challenge for Amazon, Google, Microsoft, and Meta. The tech companies have committed to powering their data centers with renewables to slash carbon emissions, but solar and wind alone may be inadequate to meet the electricity load because they are dependent on variable weather. Greenlane believes that the near-term rapid uptake of natural gas for AI and data centers presents a new potential pathway for RNG as the tech companies ultimately fulfill their commitments to renewables by displacing that natural gas with RNG over time. With that, I'll now turn the call over to Stephanie. Thanks, Brad, and good afternoon, everyone. I'll bring up a slide that summarizes our 2024 results. As a reminder, all figures are in CAD, and all comparisons are for the fourth quarter and fiscal year 2024 against the respective periods of 2023 for continuing operations unless otherwise stated. Greenlane generated revenue in the fourth quarter of CAD 8.5 million compared to CAD 16.5 million for the comparative period of 2023. The change reflects a CAD 8.5 million reduction in system sales, partially offset by a CAD 0.5 million improvement in aftercare services. For the fiscal year 2024, revenue of CAD 51.8 million was 5% lower than 2023 revenue of CAD 54.6 million. System sales revenue accounted for 83% of total 2024 revenue compared to 89% in 2023, which is recognized in accordance with the stage of completion of projects, with the remaining 17% of revenue generated from aftercare services and royalty contracts compared to 11% in 2023. Our gross margin, excluding amortization in the fourth quarter of 2024, was 45% or CAD 3.8 million, a substantial increase from gross margin of 20% on CAD 3.3 million in the same period of 2023. For the full year, we delivered a gross margin, excluding amortization, of 32% or CAD 16.3 million compared to 25% or CAD 13.6 million in 2023. The company has a portfolio of active projects at different stages of completion and at different gross margin levels. Reflecting on the gross margin improvements in the fourth quarter and the full year 2024, the increases are largely attributable to product mix, as well as an increased contribution from parts and service and higher costs in the prior year from non-recurring commissioning and other costs. It is also worth pointing out that the full year margins benefited from the positive impact of expired warranty provisions and a second quarter adjustment to the company's current warranty provision estimates based on historical experience. Adjusted EBITDA in the fourth quarter improved 85% to a loss of $0.2 million versus a $1.4 million loss in the fourth quarter of 2023. For the full year, adjusted EBITDA was a loss of $1.7 million versus a $9 million loss in 2023, an improvement of 81%. The improvements in adjusted EBITDA results for 2024 reflect, as Brad noted, disciplined cost management, improved overall product gross margin, along with a decrease in system sales revenue in comparison to 2023 results. The company generated net income and comprehensive income of CAD 1.9 million in the fourth quarter of 2024 compared to a net loss and comprehensive loss of CAD 16.8 million in Q4 2023. This is primarily from the change in fair value of a note receivable and foreign exchange gains included in other income. For fiscal 2024, the company incurred a net loss and comprehensive loss of CAD 1.3 million compared to a net loss and comprehensive loss of CAD 28.3 million in 2023. This is a significant improvement on a quarter-over-quarter and year-over-year basis, despite Q4 2023 results, including an impairment of goodwill and intangible assets. The company's sales order backlog was CAD 21.8 million as at December 31st, 2024. As a reminder, the sales order backlog is a snapshot at one moment in time, which varies from quarter to quarter. The sales order backlog increases by the value of new system sales contracts and is drawn down over time as projects progress towards completion with amounts recognized in revenue. Our sales order backlog does not include service revenue or revenue from the company's royalty-like agreement with ZEG Biogas. Our $6.5 million system supply contract announced in the fourth quarter for a landfill RNG project boosted our sales order backlog and highlights the demand for Greenlane systems. As of December 31st, 2024, Greenlane had cash and cash equivalents of CAD 16.2 million, an increase of 37% or CAD 4.4 million over the same period in 2023. We continue to maintain a strong balance sheet with no debt, which provides us with financial flexibility as we invest in key growth areas, optimize operations, while driving financial performance. I'm now turning the call back to Brad for closing remarks. Thank you, Stephanie. As I stated at the beginning, we made significant progress in 2024, as evidenced by our strong financial results and continued operational improvements. We are entering 2025 with a strong foundation to deliver on our strategic plan. We remain resolute and committed to our mission of accelerating the energy transition with a 2025 strategy that involves advanced products, superior project execution, a strong parts and service platform, and loyalty revenue. Our 2025 strategy is underpinned by financial discipline with relentless focus on improving adjusted EBITDA results and maintaining healthy cash reserves. With a solid step in that direction as announced in today's results, we are delivering long-term value for our customers and shareholders. Thank you for joining today, and I'll turn you over to Darren for the Q&A. Thank you, Brad. Yeah, we've been into some questions and answers for the Greenlane investors. Brad, you seem to be on a new development path with the Cascade LF. What can you tell us about this technology and why is it important to Greenlane? Yeah, Cascade LF is our next-generation product. Maybe just bring up a slide here and I can explain the relevance. It is important to Greenlane, but it is more importantly important to the industry. To unpack that, we need to look at the difference between biogas generated from anaerobic digesters and that biogas generated from landfills. They are fundamentally different. We see that just on the left side of the screen, we have fewer impurities to remove from digester gas, basically methane separation from carbon dioxide. The big performance metric of an upgrader is methane recovery. For digester gas, methane recovery is around 99.5%, so very high. In the case of landfill gas, we have other impurities, including oxygen and nitrogen, that need to be removed, which are very difficult. In that case, methane recovery can drop to as low as 80%, maybe best case 95%. We know that for the same flow size, the CapEx for the customer is about double. What that means then, today's state of the art of landfill gas upgraded technology costs too much and does not perform relative to that cost. That is a problem that we need to solve, and that is what Greenlane has leaned into last year. That resulted in two new patent applications that we filed in December. We will be developing this new product, Cascade LF, unveiling it in October of 2025, and it incorporates those new patent applications. We are really excited by this development. We think this will help move forward or advance the state of the art of landfill gas upgrading in the industry. Great. Thanks, Brad. Stephanie, with respect to the financials, is this the level of G&A? Is it a fair way to look at Greenlane on a run rate basis going forward? Yeah, we made strides this year to really reduce our G&A costs, and most of that happened in Q3 of this year. In Q4, you started to see some of that cost reduction, and you'll continue to see that in Q1 2025 and thereafter as we really start to recognize that 25% cost reduction in our G&A run rate. Thanks, Stephanie. I mean, also, how should we look at Greenlane's financials on such a strong increase in the balance sheet yet we haven't seen a great deal of new project announcements? What is the path here to ensure our balance sheet's longevity? Yeah, so we're really struck in the year at a really great position. We've kind of talked about all the great things that we've achieved in 2024, putting ourselves in a great spot for 2025. Our focus this year is to really look into the profitable areas of our business and see growth there. That's our parts and service, our biogas desulfurization, and our technology licensing, which is where we're filing the patents, which we just announced in Q4. On top of that, we're also improving the profitability of our core upgrading system segment of our business. That's kind of where we would expect to see our growth and kind of ensuring our balance sheet stays strong thereafter. Changing back to Brad, the U.S. political backdrop is capturing a great deal of limelight these days. What would you tell investors about Greenlane's perspective on this topic and perhaps how to look at this impact? Yeah, I think it's pretty clear that as last time, Trump has sucked all the oxygen out of the room and focused everyone on his agenda. We can't lose sight of the fact of a number of things. Firstly, under Trump 1.0, RNG not only survived, but thrived, right? It's been enduring. That's really because RNG in the U.S. does enjoy bipartisan support. I referenced earlier the bill by a Democrat and a Republican jointly proposing that just because that's another piece of evidence that it has support from both sides of the aisle. We also have in the U.S. the state-level programs. The low-carbon fuel standards, California is the biggest, but that also exists in Oregon, Washington, and also in B.C. in Canada. Those state-level, province-level programs are unaffected by the federal government in the U.S. That's a positive piece of news. The drive for biomethane in Europe continues. The drive in Brazil for biomethane continues. Those things are unaffected by what happens in the White House. I think that's all very positive. We have supportive legislation. It's codified under Congress in the U.S. It's not as if Trump can just simply sign another one of his executive orders and have it disappear. It doesn't work that way with this particular helpful legislation that provides the carbon trading mechanism that has been helpful for RNG in the U.S. Thanks, Brad. And Stephanie, net income saw a positive contribution from the deployment of development capital in Q4. Is that something the company will be focusing on going forward? It's not going to be a focus going forward. If opportunities present themselves, we're definitely not going to shy away from them, but that isn't where our main focus is for 2025. Really, for 2025, we're focusing on developing the next generation of our upgrading product. So that's the patent filings that we've done and what Brad's been talking to earlier in this presentation. In addition to that, we're also making a plan towards manufacturing. We really want our customers to be able to take advantage of tax incentives and financing opportunities for local content. Primarily that impacts Brazil and the U.S. Thank you, Stephanie. Brad, last question. What are you seeing in the RNG industry that gets you excited? It is a few things. Maybe the slide might be helpful to explain a portion of it. Just get this up here. Firstly, the projections. We have a situation whereby, firstly, there are a number of different data sets that we have to look at, but probably the most credible comes from IEA, International Energy Agency. In their findings and reporting, the period of time from 2018 to 2022, we saw a doubling of RNG volumes globally. Their forecast from 2023 to 2027, another doubling. When you run the numbers, those two periods of doubling correspond to 19% CAGR, which is really tremendous growth. Any industry that has that kind of growth over that kind of time period is an industry you want to be part of, and that is the industry that we are in. The other thing that this chart really notes is that Europe and North America have led the way. We know the markets very well. We're well positioned in both markets with our various products. We're comfortable where that is. What's shown on this chart as other, this emerging kind of the rest of the world, if you will, 40% of other by 2027 will be Brazil. We're currently the market share leader in Brazil, again, well positioned there. It is really exciting about the growth, not only the sustainable growth that the RNG industry has seen and is forecast to continue to see together with the supportive policies and mechanisms that are currently in place and do not feel like they're at risk. That's kind of piece one. The other thing I'm really excited about is that Cummins is introducing, or they introduced last year, a 15 L engine. Why does that matter? That matters because in the U.S., 90% of the RNG goes into the transportation sector. 10% for industry and gas utilities, 90% into transportation. The engine that's been available over the last 10 years, 12 years actually, has been a 12 L engine. The 12 L engine in the U.S. market satisfies maybe 20% of the total market opportunity. The 15 L engine will access the full market opportunity. That is really going to be a game changer. We recognize that the volumes of RNG going into the U.S., again, mostly dominated by transportation, a new engine offer that's going to be appealing to a much wider spectrum of end users. That's super exciting. Great. Thank you, Brad, and thank you for your time, everyone. If you have any questions, please reach out to our investor relations contact information included in today's news release. Thank you.