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  "documentTitle": "GFL Environmental Inc. (GFL)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2020-08-18 00:00:00",
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      "text": "In our opinion, this is just another poorly planned deal by GFL that resulted in unexpected higher costs to shareholders.",
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      "text": "GFL Press Release (Oct 3, 2016) vs Local News (Aug 2018) vs Appeal and compliance Update (April 2019)",
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      "text": "GFL touted the acquisition of Enviro-Smart Organics, but we believe it is not without problems. The Company has operated without an air quality permit for years. Locals claim the foul stench is a serious problem. GFL must contain the odors within 1km of the facility, but has claimed onerous capital investment as a means to appeal. In our opinion, this is just another poorly planned deal by GFL that resulted in unexpected higher costs to shareholders.",
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      "text": "\"It smells as if you let garbage out in the sun for a few days,\" said the Ladner resident, whose home sits about a kilometre away from an industrial composting plant.\" — Local News, Aug 2018. \"By March 2020, the company must fully enclose its odorous sources, take that air and fully treat it,\" said Ray Robb, Metro Vancouver's regulation and enforcement division manager.\" — Local News, Aug 2018.",
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      "text": "Source: 1) GFL Environmental Inc. Announces First U.S. Acquisition, B.C. Organics Acquisition, press release; 2) 'You're living in garbage': How a Delta composting plant got away with stinking up an entire neighbourhood', CBA.ca, Aug 30, 2018; 3) Appeal Board and compliance Update, City of Delta",
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      "text": "Enviro-Smart or Enviro-Stupid Acquisition?",
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