Workflow
Water and waste treatment services
icon
Search documents
Green Impact Partners Provides Update on the Sale of Its Water and Recycling Facilities
Newsfileยท 2025-09-22 13:00
Core Viewpoint - Green Impact Partners Inc. (GIP) announced that the purchaser of its water, waste treatment, and recycling facilities has failed to meet closing obligations, leading the company to consider all available contractual options [1][2] Group 1: Sale Update - GIP has received non-refundable deposits totaling $2.25 million from the purchaser [1] - The company continues to receive interest from other parties regarding these assets, with advanced due diligence from one party as previously announced [2] Group 2: Financial Status - GIP is currently in default for failing to meet certain conditions within the most recent amendment to its corporate credit facility and is working cooperatively with its lender [2] Group 3: Company Overview - GIP focuses on sustainable solutions by turning waste into energy, particularly through renewable natural gas (RNG) and bioenergy projects [3] - The company operates a portfolio of water and solids treatment and recycling facilities in Canada, along with a solids recycling business in the United States [3]