CIELO WASTE SOLUTIONS – ON TRACK WITH THE DEZULPHURISATION PHASE

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 342 MCAD at time of publication
Share price: 0,88 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions updated their shareholders today (29/4) with a very good news update regarding their dezulphurisation equipment.
Management confirms that they are still following their time table despite COVID related lockdowns, this thanks to having built in buffers into their original estimates. Management stated that original plans to start producing low sulphur diesel by mid june remains firm. The engineers working on the facility estimate having the equipment on ground mid-May, which would still have Cielo on the mid-June forecast. This equipment is required to produce low sulphur diesel in order to obtain the best pricing for fuel produced.

ESG Comment: We are very pleased to receive the news that the plan to produce low sulphur diesel remains on time plan, we have confidence in that management has the experience and knowledge to get this done on time. For anyone interested in reading the original statement and view pictures you can do so here. There has been some misconception of the actual time plan by the company since individual investors have done their own timeplans. We want to clarify that the only official timeplan ever provided however is made by the company itself.

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying me for content posted on this blog.

EXCLUSIVE INTERVIEW WITH LIONEL ROBBINS AT CIELO WASTE SOLUTIONS

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 408 MCAD at time of publication
Share price: 1.05 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions recently announced changes to the management team with additions of Lionel Robbins as  Chief Operating Officer of Cielo effective April 1, 2021 and the appointment of Raphael Bohlmann as Vice President of Marketing. Mr. Bohlmann was the President of RUEI and has resigned from this position and remains only as Director of RUEI. Lionel Robbins has resigned from his role of CEO with RUEI .

Below you will find the interview transcript between ESG and Lionel Robbins , new COO of Cielo Waste Solutions:

ESG: Can you tell the investor community a little bit about your background for those who don’t know you?

Lionel: I was born and raised in Alberta, Canada, a 3rd generation of Oil and Gas industry families.  Wanting to explore options outside of the O&G industry, I started down the path to a Science degree in Computer Information Systems but quickly realized that was not my calling, and landed in the retail automotive industry.  Of my time in that business, I found my niche in the finance department and with that experience worked through senior and executive management positions to eventually start my own company in 2006.  New start-ups and acquisitions proved to be my true calling, and over the next 14 years I took the role within my partnership to grow and expand the business in many ways.  These included expanding into numerous other industries as part of our group.  We bought a few existing hotels, and then built some brand new ones to create our own chain in Alberta.  We acquired several auto rental franchises, and grew it into one of the largest independent owned franchise groups in North America.  With all of the business growth came opportunities to get more into the commercial real estate business, and that had me managing large-scale new commercial builds.  Within a decade we had grown our initial enterprise from 1 operation to over 20 unique businesses.  My specialties included business planning and forecasting.  I built custom training programs for the business  (my computer training finally paying off!), and handled all of the financial modelling along with branding and marketing. 

ESG: How did you originally find out about Cielo waste solutions ?

Lionel: It’s a great story, actually. I was introduced to Cielo a few years ago, as “a company with a great idea to convert waste to fuels, and they are just starting to get momentum so you should buy some cheap shares”.  My friend and business colleague, Raphael Bohlmann was already buying shares and was telling me to keep an eye on them.

ESG: What made you interested in the company ?

Lionel: Shortly after I had first heard of Cielo, I was at a STARS Air Ambulance Board of Directors meeting, in Calgary, AB. (I served on the board for 7 years, just retiring this past fall).  Raphael called me while I was still in Calgary that day, and suggested I change my flight home to a later flight, rent a car and head out to Aldersyde (about 20 minutes south of Calgary) to check out the new facility Cielo was building to take their bench model tested technology into a commercial scale-up model.  I really had nothing urgent pulling me home that day, so I agreed, and met Don Allan for the first time while he toured me through the facility and gave me a true hands-on look at this technology.  I was so impressed with everything I had seen, that when Don mentioned that Cielo was going to be looking to enter into some JV’s to get some full-scale facilities built across North America (and beyond), I flew home later that night and immediately started discussions with Raphael and some of my other business associates, including Eric Leslie, to be a part of this planet-changing plan.  That was the birth of RenewableU Energy Inc., to put like-minded business people into a partnership to help fund Don’s plan to take Cielo out into the world.

ESG: What do you hope to contribute with for the continued success with Cielo waste solutions? 

Lionel: I feel I bring a few strengths to the table for Cielo.  The obvious one was the ability to help put the RenewableU Energy team together, to scale up the facilities.  Remember that, at that time in history Cielo’s total market cap wasn’t even ¼ of the cost to build a single plant, and with the technology still not proven out in commercial scale, the desulfurization question not even begun to be addressed yet, and other factors, Cielo wasn’t in any position to attract investors or sufficient finance terms to build their own.  Fast forward to today, and I want to take my experience in finance, business development and project management, and put that to work on the Cielo side of the equation to get these facilities built and fully realize the end goal for Don and the Cielo team.  On the RenewableU Energy side, is a fantastic group of partners and business people, who are more than capable of fulfilling the commitments made from that end.  My passion was to join Don’s team now, and put on my hard hat and safety glasses, and be an integral part of the team getting the facilities built and producing.  As I said, start up’s and acquisitions are what I really love.  Negotiating feedstock agreements, organizing project managers and construction teams, formalizing finance agreements and making business plans and forecasts, is on my list of duties now and I couldn’t be more excited!

ESG: I’m sure a lot of people in the investor community would like to know how and why you made the change from renewable u to working directly at Cielo and what is your remaining connection to renewable u? 

Lionel: When we started RenewableU Energy, as one of the founding partners I wanted to ensure we set the company up to do our part of the upcoming projects.  I took the CEO role with that intention, and through that position have worked closely with Don and the Cielo team.  One of the asks we had when we signed the very first MOU (for Grande Prairie, AB, my hometown), was to have a single seat on the board of directors for Cielo, to represent our interests and help advance the goals of Cielo in any way we could.  That board position enabled me to be even more involved with the day to day operations of Cielo, and Don then asked me to help out with Investor Relations.  My knowledge of the workings of Cielo AND the JV side of the operations, would enable me to answer a lot of investor questions without having to run to others for help.  At the time, we were still a pretty small company, with a handful of loyal followers so the task wasn’t too time consuming.  Of course, as we all know, the investor and fan base has grown exponentially over the past few months and it quickly became a very time consuming job.  At that point Don said he was ready to hire a COO, and suggested I apply for the job.  I knew that would mean leaving my other position at RenewableU Energy behind me, but if you knew the caliber of partners I am working with on that end you would know that was an easy decision to make. 

Lionel continues: I resigned from my CEO position at RenewableU Energy, to just retain my seat on the board and be a passive shareholder going forward.  Ryan Jackson was elected as the new CEO later that day, and is already proving why he is the right guy for the job.  I love having my investment and partners in RenewableU Energy, but as of April 1st of this year (2021) I had to take those other hats off and be the guy Don needed to have in his corner to look after the interests of Cielo and its shareholders.  RenewableU Energy has their part to play in the growth and success of Cielo, and I look forward to working directly with Ryan and his team from the other side of the table to ensure they continue to play that part.  Outside of our partnership with RenewableU, Cielo will continue to grow and advance our technology out into the world.

ESG: What do you see Cielo achieving in a 5 year period of time ? 

Don has some big goals.  He wants to have 40 facilities either operating, or under construction, within the next 5 years.  That’s a big plan, but looking at the modular nature of our facility designs the ability to ramp up exponentially year over year is attainable.  Those 40 facilities are just in North America, before we even start talking about global expansion, technology licensing, etc.

ESG: Fun facts Do you have any special talent we should be aware of 🙂 ?

Lionel: Well, despite being a “computer nerd” with a head for physics and math throughout school, I actually am a huge music lover.  I have been a musician for 37 years now, and when people ask what I play I like to say “everything but a piano”! lol.  Not to say I can literally play every instrument, but I’m proud of my stringed instrument collection (guitars, mandolins, violin, banjo, etc), and I am an absolute avid percussionist.  Nothing helps blow off steam after a 12 or 14 hour work day, like beating on a drum for an hour or 2 to my old record collection!

ESG: Thanks for your time Lionel we hope to speak with you soon again!

Lionel: Likewise and thank you!

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

CIELO WASTE SOLUTIONS ANNOUNCES STRONG ADDITION TO ITS BOARD OF DIRECTORS

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 373 MCAD at time of publication
Share price: 0.96 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions today (12/4 2021) announced impressive and strong additions to is board of directors.
The additions are former cabinet minister the Hon. Peter MacKay, P.C., Q.C. and Jasdeep Dhaliwal, CPA.

Mr Peter Mackay brings with him over twenty years of private sector and public work, most notably he has served in the Parliament of Canada for over 18 years and as a Member of Parliament and cabinet minister for 10 years, in high-profile positions, including
Minister of Justice and Attorney General, Minister of National Defense, Minister of Foreign Affairs and the Atlantic Canada Opportunities Agency. Today Mr Peter Mackay is working on several boards and with McInnes Cooper and as a strategic advisor for Deloitte.
Mr Mackay stated in the press release ” They (Cielo) are truly providing an incredible made in Canada remedy for two of the world’s biggest challenges, how to address excess waste and pollution while at the same time providing clean energy,” “


The company also announced the appointment of Stephanie Li CPA,CA as its new Chief Financial Officer effective May 10, 2021.
The former Chief financial Officer Shawn Frenette will board a new role as Vice President of Global Development. This entirely new position has been created focus on developing corporate strategies as Cielo seeks to expand into the US and other global markets. The compay stated that this will become a very important position as Cielo continues its plans for maximum growth. M.s LI brings with her 15 years of finance experience to her role and she has until recently served as Director of Finance and Controller for a publicly traded entity with over a $2 billion market cap.

CEO and President of Cielo Don Allan stated “We believe Mr. MacKay joins us at an ideal time, with his experience and knowledge
as a former senior cabinet minister in the Country’s federal government and his handling of critical government portfolios, responding to complex issues of national importance, while working to improve safety, productivity and doing so patriotically for the betterment of all Canadians, all of which will be valuable for Cielo. Ms. Dhaliwal’s international accounting experience will indeed also contribute to this growth. I am thrilled to have the skills and diversity these two individuals now bring to our board.”

ESG comment: These extremely strong additions to the board of director, new CFO and also the new role of VP of global development further reiterates that Cielo Waste Solution is having a huge breakthough during 2021. Not only does these additions add tremendous knowledge , contact networks and valuable experience they also add further legitimacy to the mission of Cielo Waste Solution to solving the worlds landfill problem by converting Waste into renewable energy!

Full press release with entire qoutes available here: https://ceo.ca/@accesswire/cielo-announces-the-appointment-of-the-hon-peter-mackay

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

EXCLUSIVE INTERVIEW WITH THE NEW MANAGEMENT AT CIELO WASTE SOLUTIONS

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 334 MCAD at time of publication
Share price: 0.86 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions recently announced changes to the management team with additions of Lionel Robbins as  Chief Operating Officer of Cielo effective April 1, 2021 and the appointment of Raphael Bohlmann as Vice President of Marketing. Mr. Bohlmann was the President of RUEI and has resigned from this position and remains only as Director of RUEI. Lionel Robbins has resigned from his role of CEO with RUEI .

ESG decided to have a sit down the the new additions to the management team and to give the investment community a better picture of what these new additions bring to future success of Cielo Waste Solutions, their background and their connections to Renewable U.

First interview out this week is the new Vice President of Marketing Raphael Bohlmann:

ESG: Can you tell the investor community a little bit about your background for those who don’t know you?

Grit and tenacity were attributes handed down from my German parents who immigrated to Canada without knowing two words of English.  Growing up we spoke German in our home, and I learned this as a second language.  My father was a tradesman and I initially followed in his footsteps getting my Journeyman Red Seal certificate as an electrician.  While I am thankful for the exposure to many trades, I transitioned to the hospitality industry where I owed several restaurants and created my own franchise restaurant model. This forced me to look closely at every aspect of the industry including construction, design, training, and financial planning but my passion was always marketing. After more than 2 decades in hotels and restaurants I migrated to retail automotive where I joined a progressive auto group and became their Chief Marketing Officer.  I further developed my management and marketing skills by developing HR programs, extensive training and a complete marketing makeover.  My thirst of learning in this field led me to study business at Stanford University in the Strategic Marketing Management executive graduate program.  Stanford delivered a heightened new meaning to marketing and from here I developed and co-founded a performance education company designed to help businesses train and cultivate management and team skills.  Shortly after I segued toward advising other companies by starting my own marketing and branding agency which focuses on company branding, logos, reimaging, and all digital platforms.

Contributing to a healthy community is important to me and I have given back to many charities and non-profits.  I currently sit on the Board for the YMCA of Northern Alberta as the vice-chair, and I was the director of media and promotions for the 2018 Alberta Summer Games, to name a few.

ESG: How did you originally find out about Cielo Waste Solutions?

An investment friend was suggesting I take a look at a start-up company that was converting garbage to renewable fuels.  At first, I was only interested in the prospective gains, and then I started analyzing the communication more thoroughly and realized its enormous possibilities to not only be profitable but also clean up our planet!

ESG:What made you interested in the company?

I started to realize the earth changing possibilities of this technology and it prompted me to contact CEO Don Allan.  I had a preliminary conversation with Don and probed him where he was going to build his first full-scale commercial facility.  At the time, Don had not decided where he would build the first facility, so myself and two other business partners blueprinted our plan to enter into JVs to support the building of a facility in our community and others across North America and the world.  After intense discussions with my equally enthusiastic business associates, Eric Leslie and Lionel Robins, we forged Renewable U Energy Inc. as a means to support Don in his plan to build green energy facilities.

ESG: What do you hope to contribute with for the continued success with Cielo Waste Solutions?

I want to continue telling the story that initially intrigued me, but on a mass-market scale seeking out the right partnerships in media, finance, and IR firms.  Strategy, management and marketing are going to be essential to continue Cielo’s forward momentum. At first, this initiative was achieved through the formation of Renewable U Energy Inc., who supported Don with joint venture agreements across Canada and the United States, and now that I have abdicated my role and handed over the duties to focused, skilled, and capable business partners, I am able to concentrate on Cielo Waste Solutions increasingly diverse marketing and management needs. Strengthening the company’s image and delivering a message that unequivocally solidifies the company’s role as a world-class producer of renewable fuel through its waste reduction facilities is a narrative that needs to be heard around the globe.

ESG: How and why did you make the change from RUEI to working directly at Cielo and what is your remaining connection to renewable U?

When we started Renewable U Energy Inc. the goal in mind was to form several JV partnerships with Cielo to support its growth.  As President, I helped assemble the nine territorial agreements outlined in the joint venture between Renewable U and Cielo.  The more invested I became in Renewable U the more I realized it was Cielo that would actually benefit from my time, skills, and commitment.  While Renewable U Energy Inc, will continue to play an important role, Cielo is where the heavy lifting will occur.  So, when Don invited me to join the leadership team I enthusiastically accepted, and therefore decided to dedicate full-time efforts to my new role as Vice-President of marketing for Cielo.  I now leave behind my active position with Renewable U in the very capable hands of a team led by new President and CEO, Ryan Jackson and I remain as a director on the board and a passive shareholder.

ESG: What do you see Cielo achieving in a 5 year time period?

Cielo in Latin means blue sky, and that’s the limit for this amazing company! In the next five years, Cielo will be building and commissioning 40 facilities across North America. Each facility can be expanded as required to meet the needs of available feedstocks. With these planned facilities, Cielo will be ridding the world of more than 5.2 million tons of problematic waste and converting it to green renewable fuels. This is a goal I’m more than proud to be a part of!

ESG: Fun Facts: Do you have any special talents we should be aware of?

Despite being a child, age 4, who had a metal leg brace on one leg, I am grateful to my doctors back then who greatly assisted me in a full recovery.  I enjoyed an extremely active lifestyle growing up and am now an avid hiker who spends the weekends finding new mountains to climb. 

ESG: Thank you for your time Raphael!

 Legal Disclaimer:
I own shares in this company personally. Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Don’t forget to subscribe to this blog on the main page or going furthest down (on mobile device) and sign up to receive news update as soon as they’re published!

CLARIFIYING CIELO’S USE OF RAILWAY TIES – OFFICIAL COMPANY COMMENT

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 326 MCAD at time of publication
Share price: 0.84 CAD at time of publication
Industry: Converting waste to renewable fuel

After the very positive press release today 7/4 2021 in which Cielo announced that they would be granted contribution of 500 000 CAD from Alberta innovates and also reannounced their cooperation with a large railway company in Canada ESG decided to ask IR at the company who’s supplying the rail ties, and also ask for clarification on what the grant is about in terms of the testing of the ties specifically. The answer below was provided by officials at Cielo Waste Solutions:

“We are happy to be receiving 600 tonne of rail ties from our feedstock partner, to conduct these commercial volume tests for AEP.  To be clear, Cielo isn’t conducting these tests to determine if the rail ties are a suitable feedstock, that has been proven out already in smaller quantities.  AEP’s mandate is to ensure that environmental concerns are addressed in the safe disposal of these ties, compared to the current methods of burning or simply land filling them.  Before we start processing hundreds of thousands of ties in Dunmore, we are going to show just how environmentally friendly our process is for a final solution for this decades-long waste problem.  Through this process, we will be producing a high volume of fuel, which is ours to sell, giving even more financial benefit to this Alberta Innovates grant.”

I own shares in these companies personally and this is not to be considered financial advise, always do your own research!

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CIELO RECEIVES CONDITIONAL GRANT FROM ALBERTA INNOVATES FOR $500,000.00 TO PROCESS RAILWAY TIES

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 326 MCAD at time of publication
Share price: 0.84 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions today 7/4 2021 announced the very positive news that it has received a conditional grant from Alberta Innovates in the amount of $500,000.00 toward a nearly $900,000 commercial demonstration of the use of used railway ties as a feedstock at its flagship facility in Aldersyde, Alberta.   

Cielo Waste Solutions stated that they right now have a feedstock agreement with a large Canadian railway company that is looking for a more renewable and circular economy to dispose of their used railway ties. The company stated that the current feedstock agreement is for up to 1,000,000 used railway ties per year with incentives in place to increase this number.

The company has a clear plan to scale up the demonstration “Cielo’s engineers have been working since last fall to complete the material testing, bench-scale trials and process modeling that will help facilitate approval from AEP. Cielo intends to then implement a 100 tonne demonstration, followed by a larger 500 tonne demonstration. The timeframe for the demonstrations and analysis is anticipated to be approximately 3 months.”

The application was apparently done last spring of 2020 and if this demonstration goes well it will allow Cielo to produce renewable fuels from used railway ties on an ongoing basis.

Don Allan, President and CEO of Cielo, stated in the press release “We believe that the eyes of the Railway Tie Association are on us to see these results and that, when successful, Cielo will have the most environmentally friendly solution for 10’s of millions of used railway ties per year from all across North America. Currently, many used railway ties are being incinerated by cogen facilities for power but already some states in the US and provinces in Canada are banning the incineration of these ties due to potential toxic ash and other harmful emmissions. Cielo is proud to have developed a process that does not currently have any toxic waste or emmissions “

Support was also shown by The Honourable Finance Minister of Alberta, Travis Toews which stated “I am pleased to hear that Cielo Waste Solutions Corp. has been awarded a CDN$500,000.00 conditional grant from Alberta Innovates. This funding will support Cielo as it tests its ability to utilize materials in its process to create renewable fuels. Cielo is a great example of the innovative and entrepreneurial spirit of Albertans. I am eager to see this Alberta based company expand their operations in the province and contribute to Alberta’s economic recovery.”

ESG comment: This conditional grant and the details of the feedstock agreement with a very large canadian railway company ( which I suspect is Canadian Pacific Railway) gives both credibility and financial stability to the continued operations of Cielo Waste Solutions. With this large feedstock agreement in place and if the demonstration succeeds this will provide yet another continued flow of feedstock for the ongoing operations and expansion plan. To have the financial support and blessing of the provincial government will last a long way to execute the company’s plans to build 40 facilities in a 5 year time plan!

I own shares in these companies personally and this is not to be considered financial advise, always do your own research!

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CIELO WASTE SOLUTIONS ENGAGES CANADIAN IR FIRM

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 349 MCAD at time of publication
Share price: 0.99 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions today (29/3 2021) announced that  it has engaged Investor Cubed Inc to provide investor relations and shareholder communications services in Canada. The terms of the consulting agreement provide for compensation of $7,000 per month. In addition, Investor Cubed has been granted options to purchase 500,000 shares at a price of $1.25 per share. The options will vest quarterly beginning on the date of grant and will be governed by the provisions of the Company’s stock option plan.

Neil Simon, Chairman and CEO of Investor Cubed, stated “Investor Cubed works with very select clients and takes pride in working with companies who are the best of breed in their sectors. Investor Cubed has been following the Cielo story for some time now and are thrilled to be representing Cielo in Canada. We look forward to working with Cielo and seeing them continue on their growth path. Our aligned motivations and interest to see the world using green, renewable energy and ridding the world of unwanted and problematic garbage creates an ideal partnership.”

Raphael Bohlmann, Vice President of Marketing for Cielo, stated “We have been searching for and have been courted by many qualified firms and are happy to have signed with Investor Cubed. Neil and his team are very experienced and have a strong background in the financial service sector. We are looking forward to working with them!”

ESG comment: This is another great step for Cielo Waste Solutions and a good addition to the management team. Hiring a full time canadian IR firm will help Cielo meet the ever increasing demand of investors in Canada and abroad. This could also be a sign that Cielo is moving towards acquiring institutional ownership ahead of its possible up listing to the TSX venture exchange which the company announced that it had applied for on the 15th of march 2021.

 I own shares in this company personally and this is not to be considered financial advice, always do your own research!

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CIELO WASTE SOLUTIONS ANNOUNCES ADDITIONS TO MANAGEMENT AND PROGRESSION ON MEDICINE HAT FACILITY

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 324 MCAD at time of publication
Share price: 0.92 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions on 24/3 has announced additions to management as well as being informed by its Joint Venture partner RUEI on their funding of the Dunmore Facility. The full memo received by Cielo from its partner RUEI can be found in this press release. Highlights as stated below:

Ongoing funding of Medicine hat (Dunmore) facility
RUEI confirms it is comittment to funding current engineering costs at the Dunmore facility and expect to arrange payment this week. RUEI will continue to advance funds as is required for the facility project.

Management change
Lionel Robins has accepted a position as Chief Operating Officer and Raphael Bohlmann has accepted a role as VP of marketing with Cielo Waste Solutions. Both individuals have resigned from their active roles in RUEI to become a more active part of the daily operations in Cielo Waste solutions and their resignations from RUEI thankfully eliminates potential conflicts of interest between RUEI and Cielo. The new roles are effective as of april 1st 2021.

Both Lionel and Raphael have extensive experience from business development and entrepreneurship. Breifly it should be said that Mr Bohlmann , having studied strategic marketing at Stanford University, has a long experience from running a marketing business and several franchises. Lionel Robins started his first automotive dealership in 2006 which is now in 6 locations across Canada. His other business holdings have included oil and gas industry service companies, hotel properties, a professional education and development business, and several commercial real estate holdings. Mr. Robins served 2 terms on the STARS Air Ambulance Board of Directors, and also served as Chair of the 2018 Alberta Summer Games in Grande Prairie, Alberta. Their full background can be viewed in the press release. Raphael Bohlmann will only retains his seat as director of RUEI.

Don Allan CEO of Cielo Waste Solutions was pleased with the additions stated in the news release “The addition of these two gentlemen bring a tremendous amount of experience and passion to our leadership team and reduce my workload so I may
focus on more pressing matters to ensure the growth of the company. This change also eliminates any
potential conflicts with Mr. Robins and Mr. Bohlmann between Cielo and RUEI.”


RUEI

As of March 6, 2021, Ryan Jackson has been named new CEO of RUEI and Murray Trollope has been named CFO. Jeff Seymour, principal of Seymour Capital Ltd., which has been acquired by RUEI as previously announced, also joins the board of directors of RUEI.


ESG Comment: It is with both anticipation and excitement to see that Cielo’s projects are progressing as planned and that
the management team is getting strong additions while also removing potential conflicts of interest. I plan on interviewing the new additions to management as soon as possible so that the investor community can get a better understanding of what they bring to Cielo Waste Solutions.

I own shares in these companies personally and this is not to be considered financial advise, always do your own research!

Don’t forget to subscribe to this blog on the main page or going furthest down (on mobile device) and sign up to receive news update as soon as they’re published!

Cielo Waste Solutions Updates on Ontario Market and JV payments

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 409 MCAD at time of posting
Share price: 1.16 CAD at time of posting
Industry: Converting waste to renewable fuel

Cielo Waste Solutions today 17/3 2021 provided an update related to their press release dated on 9/3 2021. The company has received the entire balance of the aggregate fees of $750.000 CAD related to the 3 additional plants to be built, at no cost for Cielo, in British Columbia, Manitoba and the United States by Renewable U Energy Inc. (“RUEI”). Cielo has also paid back their largest secured lender in full, eliminating a senior secured loan of approximately CDN$3,800,000 further strengthening the balance sheet.

Further positive news was released in the update with the company stating that :

“Cielo had also announced in the March 9 PR, that RUEI was in the process of acquiring Seymour Capital Incorporation and/or its rights and obligations, which includes the right to enter into a memorandum of understanding with Cielo similar to the other RUEI memorandums of understanding for a territory in Ontario (the “Ontario Option”).  Cielo is pleased to announce that RUEI has completed this process and wishes to exercise the Ontario Option.  Cielo has received a fee of CDN$262,500 (including GST) from RUEI for the Ontario Option.  RUEI and its partners have chosen Toronto, Ontario (within a 250km radius from the outer boundary) as the site for the first Ontario joint venture facility. “

Comments were provided by both parties:

Ryan Jackson, newly appointed CEO of RUEI, stated “This is a very exciting announcement to be in one of the most populated provinces in the country and working with local partners and all levels of government.  We are looking forward to working with all stakeholders, feedstock providers, businesses, and governments at the municipal, provincial and federal levels to build a high-grade renewable fuel facility in the province of Ontario.  We cannot wait to learn more about all of the waste feedstock, and provide jobs, opportunities and economic stimulus to yet another province in Canada!” 

Don Allan, President and CEO of Cielo, stated “We are pleased to have RUEI as a JV partner and excited to build and operate even more facilities converting waste to high-grade renewable fuels.  Cielo may be an Alberta-based company but it has always been our vision to solve the extreme garbage crisis in all provinces of our great nation!  This is another monumental step forward for our Company and its ability to reduce landfills and eliminate other problematic waste.”

ESG comment: It’s very positive to see that Cielo has received all the aggregate fees for all 3 additional planned facilities at no cost for Cielo AND also for the facility in Ontario originally planned by Seymour Capital which has now merged with Renewable U Energy Inc. (“RUEI”). Cielo Waste solutions is truly working at record speed and is not wasting any time to get their expansion of 40 facilities in North America according to plan. This payment certainly reiterates the committment that RUEI has shown to fullfill its obligations for the planned Joint Venture facilities in North America.

Interesting financial projection numbers were provided yesterday in an article by investorintel.com stating that “Once the current 10 planned facilities are fully operational, Cielo could be generating C$170 million in EBITDA and, at a 15x EBITDA multiple, would translate into a market cap of $2.5 billion, almost five times where it is today.” What’s most interesting in this calculation is that this only takes into account 10 of the 40 facilities planned for the coming 5-7 years.

Sources:
https://ceo.ca/@thenewswire/cielo-provides-update-on-entry-into-ontario-marketplace
https://www.cielows.com/cielo-announces-entry-into-united-states-and-expands-canadian-territories/
https://investorintel.com/markets/cleantech/cleantech-intel/cielo-is-turning-garbage-into-liquid-gold/

I own shares in this company personally and this is not to be considered financial advise, always do your own research!

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CIELO WASTE SOLUTIONS ANNOUNCES INTENT TO LIST ON THE TSX VENTURE EXCHANGE

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 419 MCAD at time of posting
Share price: 1.19 CAD at time of posting
Industry: Converting waste to renewable fuel

After a truly flying start for Cielo Waste Solutions in 2021 the company keeps delivering. It was announced by Cielo Waste Solutions on the evening of 15/3 2021 that the company has applied for a listing of its shares for trading on the TSX Venture Exchange (“TSXV”).

ESG comment: This step, if fullfilled, will be another big quality stamp for the company and make it easier for institutional buyers to take a stake in Cielo Waste Solutions. It also opens up for wider capital injection opportunities for the company since institutional shareholders often have access to larger capital streams. Cielo Waste Solutions is also sure to get a lot of media and investor attention upon successfull listing at the TSX Venture Exchange (“TSXV”) !


Don Allan, President and CEO of Cielo Waste Solutions stated
“This year has begun extremely well for Cielo.  From our first pre-sale of renewable fuel, to better than expected preliminary results in desulphurization tests, we’ve had an amazing start to 2021, and this uplisting to a larger stock exchange is just one more step in our business plan to make Cielo world class.  We believe that joining the TSXV opens new doors for Cielo with respect to capital markets and exposure.”  Mr. Allan continued “The Canadian Securities Exchange has been a great way to access the Canadian public capital markets and has provided Cielo the opportunity to get to the commercial phase of our waste to renewable fuel technology at our fully operating commercial facility in Aldersyde, Alberta.  We now feel ready for the next evolutionary step to join a world class exchange that we expect will bring more awareness to the Company.”

A disclaimer was also issued in conjuction with this press release :
“Completion of the listing on the TSXV is subject to the satisfaction of listing requirements and the approval of the TSXV. There is no assurance that the TSXV will approve the listing application or that Cielo will complete the listing as contemplated.  In the meantime, Cielo’s shares will continue to trade on the Canadian Securities Exchange under the ticker symbol “CMC”.  Further updates will be provided as they become available.”

ESG Comment: Cielo Waste Solutions remains as my largest position in the portfolio and I’m confident that the company is on a positive path towards commercial success even more so after this breakthrough which will give the company access to larger and more differentiated ways to finance the rapid expansion towards 40 facilities in North America.


Link to original press release:
https://www.cielows.com/cielo-announces-intention-to-list-on-the-tsx-venture-exchange/

This is not to be considered financial advise, always do your own research!

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