Business
Greenbriar Sustainable Living Inc. Highlights Progress on Water Rights for Sage Ranch and Discusses Tehachapi Water Market
Scottsdale, Arizona--(Newsfile Corp. - June 24, 2025) - Greenbriar Sustainable Living Inc. (TSXV:...
About this update from Greenbriar Sustainable Living Inc
[{"type":"text","content":"Greenbriar Sustainable Living Inc. Highlights Progress on Water Rights for Sage Ranch and Discusses Tehachapi Water MarketScottsdale, Arizona--(Newsfile Corp. - June 24, 2025) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) (\"Greenbriar\" or the \"Company\") is pleased to share progress in securing water rights for its 995-home Sage Ranch development in Tehachapi, California. This update highlights Greenbriar's advancements toward meeting water supply goals, clarifies fair pricing benchmarks, and emphasizes our partnering efforts with local water rights holders and the City of Tehachapi.Significant Strides in Water AcquisitionGreenbriar is pleased to announce that we have secured 188 net acre-feet (282 base acre-feet) of adjudicated water rights in the Tehachapi Basin, either through direct ownership or binding option agreements. With only 109 net acre-feet (164 base acre-feet) needed to reach the 297 net acre-feet required for our Water Supply Assessment (WSA), we are plan to complete this milestone in the foreseeable future. From 2024 court filings using excerpts from the Tehachapi Cummings County Water District, the Tehachapi Basin has a robust surplus, including over 2,400 adjudicated acre-feet of unused water annually from an 8,020 base acre-feet allocation and a court filed 23,000+ acre-feet of state water, ensuring ample supply to support the local community. The adjudicated Tehachapi basin contains 370,000 acre-feet.Note that Greenbriar at this moment is choosing adjudicated deeded water rights (versus river water from the State Water Project) and we are working with local owners of water rights to obtain the additional increment required. Setting Transparent Water Pricing BenchmarksGreenbriar in its informed opinion, anticipates future purchases to remain within a fair range of $8,000 to $11,000 per acre-feet (albeit with some upside pressure due to Greenbriar's short-term demand requirement on the market), reflecting the basin's overall surplus supply and ensuring equitable value for all parties. Related benchmarks include a company director selling at $10,000 per baseline acre-feet purchased by Golden Hills in 2024, and a purchase in 2023 and 2024 by the City of Tehachapi for 23 baseline acre-feet from the Gerson Stiekman Trust (2023) and 55 baseline acre-feet from the Bozenich Trust (2024), each f...