Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) ("Westbridge", "Westbridge Renewable") is pleased to announce that it has been recognized as one of the top performers on the TSX Venture Exchange (the "Exchange") for 2023, ranking first in the Clean Tech & Life Sciences sector. The TSX Venture 50 ranking was supported by a more than doubling of the market capitalization and achieving share price appreciation of 95% in 2023.
The TSX Venture 50 showcases the strongest performing companies listed on the Exchange over the past year. The ranking is determined by a range of factors, including market capitalization growth, share price appreciation, and trading volume. The list consists of 10 companies from five industry sectors (clean technology and life sciences, diversified industries, energy, mining, and technology)
.
Scott M. Kelly, Director and Executive Chair stated, "This back-to-back recognition as a Venture 50 Company, and ranking #1 in our sector is a direct result of, and a testament to, the exceptional leadership that Stefano, Maggie and Philip have brought to the C-suite and the successful execution of our business plan. This recognition follows significant accomplishments in 2023 including signing a milestone deal with Mytilineos for 5 Utility Scale Solar PV projects in Alberta totaling more than 1.4 GW; See press release dated June 5, 2023 and the successful closing of our flagship Georgetown Project that reached ready to build status in December 2023 bringing in more than $40 million in non-dilutive cash. See press release dated Dec 14th. On behalf of the Board, I would like to say thank you and congratulations to management on this significant recognition."
Stefano Romanin, CEO and Director, commented, "The pipeline of new projects in Canada, The U.S. and Europe continues to grow, and the Company is well financed to develop our pipeline and originate additional projects globally. We take great pride in being named in the TSX Venture 50 ranking, two years in a row and reaching #1 in our sector for 2023. The share performance in these challenging markets for public venture capital has been outstanding. Thanks to our growing number of global ESG minded shareholders for supporting our vision to turn green fields into green energy using the power of the sun. We remain optimistic in continuing to execute our business plan"."
