Greenlane Holdings, Inc. (NASDAQ:GNLN)

Greenlane Holdings, Inc. GNLN

Consumer Defensive - Tobacco - NASDAQ - US

Watchlist

$ 1.5

-6.83 %

$ 2.97 M

Market Cap

-0.01

P/E

1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one GNLN stock under the worst case scenario is HIDDEN Compared to the current market price of 1.5 USD, Greenlane Holdings, Inc. is HIDDEN

GNLN Intrinsic Value
HIDDEN

SHOW

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one GNLN stock under the base case scenario is HIDDEN Compared to the current market price of 1.5 USD, Greenlane Holdings, Inc. is HIDDEN

GNLN Intrinsic Value
HIDDEN

SHOW

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one GNLN stock under the best case scenario is HIDDEN Compared to the current market price of 1.5 USD, Greenlane Holdings, Inc. is HIDDEN

GNLN Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart GNLN

FINANCIALS

Annual
Quarterly

-26.1 M OPERATING INCOME

-1.79 M OPERATING CASH FLOW

30 K INVESTING CASH FLOW

-10.1 M FINANCING CASH FLOW

-538 K OPERATING INCOME

-4.85 M OPERATING CASH FLOW

-22 K INVESTING CASH FLOW

7.01 M FINANCING CASH FLOW

Balance Sheet Greenlane Holdings, Inc.

38.1 M ASSETS
27.1 M LIABILITIES

Current Assets	29.8 M
Cash & Short-Term Investments	463 K
Receivables	1.69 M
Other Current Assets	27.6 M
Non-Current Assets	8.32 M
Long-Term Investments	0
PP&E	4.41 M
Other Non-Current Assets	3.91 M

Current Liabilities	26.1 M
Accounts Payable	12.1 M
Short-Term Debt	8.16 M
Other Current Liabilities	5.83 M
Non-Current Liabilities	1.01 M
Long-Term Debt	1.01 M
Other Non-Current Liabilities	1 K

EFFICIENCY

Earnings Waterfall Greenlane Holdings, Inc.

Revenue	65.4 M
Cost Of Revenue	67.2 M
Gross Profit	-1.87 M
Operating Expenses	24.2 M
Operating Income	-26.1 M
Other Expenses	6.24 M
Net Income	-32.3 M

RATIOS

-39.90% OPERATING MARGIN

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Greenlane Holdings, Inc.

Net Income	-32.3 M
Depreciation & Amortization	2.24 M
Capital Expenditures	-1.01 M
Stock-Based Compensation	284 K
Change in Working Capital	24 M
Others	6.08 M
Free Cash Flow	-2.8 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Greenlane Holdings, Inc.

GNLN has no price targets from Wall Street.

4. DIVIDEND ANALYSIS

GNLN does not distribute dividends.

5. COMPETITION

Kaival Brands Innovations Group, Inc. distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors.

-7.92 USD

KAVL

Overvalued 800.97%

RLX Technology Inc., together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China.

27.7 USD

RLX

Undervalued 1118.37%

22nd Century Group, Inc., an agricultural biotechnology company, focuses on tobacco harm reduction, reduced nicotine tobacco, and enhancing health and wellness through plant science for the life science and consumer products industries.

-15.8 K USD

XXII

Overvalued 310775.76%

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and NewGen Products.

73.8 USD

TPB

Undervalued 28.23%

6. Ownership

Insider Ownership Greenlane Holdings, Inc.

Summary
Transactions

Sold

0-3 MONTHS

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3-6 MONTHS

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6-9 MONTHS

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9-12 MONTHS

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Bought

0 USD 0

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3-6 MONTHS

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9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
1 year ago May 22, 2023	Bought 384 USD	Snyder Craig A. Chief Executive Officer	+ 1200	0.32 USD
2 years ago Dec 15, 2022	Sell 810 USD	UTTZ JEFFREY J Director	- 1800	0.45 USD
2 years ago May 13, 2022	Sell 11 K USD	Schoenfeld Adam director:	- 33000	0.3336 USD
2 years ago May 06, 2022	Sell 11.7 K USD	Schoenfeld Adam director:	- 33000	0.3551 USD
2 years ago Apr 29, 2022	Sell 11.5 K USD	Schoenfeld Adam director:	- 33000	0.3497 USD
2 years ago Apr 22, 2022	Sell 12.6 K USD	Schoenfeld Adam director:	- 33000	0.3805 USD
2 years ago Apr 14, 2022	Sell 14.6 K USD	Schoenfeld Adam director:	- 33000	0.4439 USD
2 years ago Apr 08, 2022	Sell 14.7 K USD	Schoenfeld Adam director:	- 33000	0.444 USD
2 years ago Apr 01, 2022	Sell 17.8 K USD	Schoenfeld Adam director:	- 33000	0.54 USD
2 years ago Mar 25, 2022	Sell 23.1 K USD	Schoenfeld Adam Chief Marketing Officer	- 33000	0.6987 USD
2 years ago Mar 18, 2022	Sell 16.5 K USD	Schoenfeld Adam Chief Marketing Officer	- 33000	0.5005 USD
2 years ago Mar 11, 2022	Sell 15.9 K USD	Schoenfeld Adam Chief Marketing Officer	- 33000	0.4824 USD
2 years ago Mar 04, 2022	Sell 16 K USD	Schoenfeld Adam Chief Marketing Officer	- 33000	0.4854 USD
2 years ago Feb 25, 2022	Sell 17.8 K USD	Schoenfeld Adam Chief Marketing Officer	- 33000	0.5407 USD
2 years ago Feb 18, 2022	Sell 19.4 K USD	Schoenfeld Adam Chief Marketing Officer	- 33000	0.5873 USD
2 years ago Feb 18, 2022	Sell 19.4 K USD	Schoenfeld Adam Chief Marketing Officer	- 33000	0.5873 USD
2 years ago Feb 11, 2022	Sell 22.3 K USD	Schoenfeld Adam Chief Marketing Officer	- 33000	0.6769 USD
3 years ago Dec 30, 2021	Sell 36.7 K USD	Schoenfeld Adam Chief Marketing Officer	- 38200	0.96 USD
3 years ago Dec 29, 2021	Sell 14.5 K USD	Mote William E. Jr Chief Financial Officer	- 15475	0.94 USD
3 years ago Dec 23, 2021	Sell 38.6 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.01 USD
3 years ago Dec 17, 2021	Sell 40.1 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.05 USD
3 years ago Dec 10, 2021	Sell 43.5 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.14 USD
3 years ago Dec 03, 2021	Sell 41.6 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.09 USD
3 years ago Nov 26, 2021	Sell 47.4 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.24 USD
3 years ago Nov 19, 2021	Sell 55 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.44 USD
3 years ago Nov 16, 2021	Sell 161 K USD	LoCascio Aaron President	- 88888	1.81 USD
3 years ago Nov 12, 2021	Sell 72.6 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.9 USD
3 years ago Nov 05, 2021	Sell 65.7 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.72 USD
3 years ago Oct 29, 2021	Sell 65.3 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.71 USD
3 years ago Oct 29, 2021	Sell 12.8 K USD	Schoenfeld Adam Chief Strategy Officer	- 7511	1.71 USD
3 years ago Oct 22, 2021	Sell 74.1 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	1.94 USD
3 years ago Oct 22, 2021	Sell 14.6 K USD	Schoenfeld Adam Chief Strategy Officer	- 7511	1.95 USD
3 years ago Oct 19, 2021	Sell 200 K USD	LoCascio Aaron President	- 88888	2.25 USD
3 years ago Oct 15, 2021	Sell 89.4 K USD	Schoenfeld Adam Chief Strategy Officer	- 38200	2.34 USD
3 years ago Oct 15, 2021	Sell 17.6 K USD	Schoenfeld Adam Chief Strategy Officer	- 7511	2.34 USD
3 years ago Sep 07, 2021	Bought 101 K USD	UTTZ JEFFREY J Director	+ 36000	2.81 USD
3 years ago Jun 30, 2021	Sell 164 K USD	Schoenfeld Adam Chief Strategy Officer	- 35000	4.68 USD
3 years ago Jun 16, 2021	Sell 139 K USD	LoCascio Aaron Chief Executive Officer	- 37883	3.67 USD
3 years ago Jun 17, 2021	Sell 31.9 K USD	LoCascio Aaron Chief Executive Officer	- 8617	3.7 USD
3 years ago Jun 07, 2021	Sell 85.3 K USD	Mote William E. Jr Chief Financial Officer	- 21650	3.94 USD
3 years ago May 28, 2021	Sell 136 K USD	Schoenfeld Adam Chief Strategy Officer	- 35000	3.9 USD
3 years ago May 14, 2021	Sell 164 K USD	LoCascio Aaron Chief Executive Officer	- 46500	3.53 USD
3 years ago Apr 30, 2021	Sell 155 K USD	Schoenfeld Adam Chief Strategy Officer	- 35000	4.43 USD
3 years ago Apr 21, 2021	Sell 211 K USD	LoCascio Aaron Chief Executive Officer	- 46500	4.53 USD
3 years ago Mar 31, 2021	Sell 180 K USD	Schoenfeld Adam Chief Strategy Officer	- 35000	5.15 USD
3 years ago Mar 24, 2021	Sell 108 K USD	LoCascio Aaron Chief Executive Officer	- 20900	5.19 USD
3 years ago Mar 25, 2021	Sell 115 K USD	LoCascio Aaron Chief Executive Officer	- 23500	4.89 USD
3 years ago Feb 26, 2021	Sell 192 K USD	Schoenfeld Adam Chief Strategy Officer	- 35000	5.48 USD
3 years ago Feb 24, 2021	Sell 255 K USD	LoCascio Aaron Chief Executive Officer	- 44400	5.74 USD
3 years ago Jan 29, 2021	Sell 158 K USD	Schoenfeld Adam Chief Strategy Officer	- 35000	4.51 USD
3 years ago Jan 27, 2021	Sell 193 K USD	LoCascio Aaron Chief Executive Officer	- 44400	4.35 USD
4 years ago Dec 18, 2020	Sell 166 K USD	LoCascio Aaron Chief Executive Officer	- 40700	4.09 USD
4 years ago Dec 09, 2020	Sell 163 K USD	Schoenfeld Adam Chief Strategy Officer	- 40000	4.08 USD
4 years ago Nov 13, 2020	Sell 112 K USD	LoCascio Aaron Chief Executive Officer	- 40700	2.74 USD
4 years ago Nov 09, 2020	Sell 129 K USD	Schoenfeld Adam Chief Strategy Officer	- 40000	3.23 USD
4 years ago Oct 16, 2020	Sell 60.2 K USD	LoCascio Aaron Chief Executive Officer	- 20679	2.91 USD
4 years ago Oct 19, 2020	Sell 56.1 K USD	LoCascio Aaron Chief Executive Officer	- 20021	2.8 USD
4 years ago Oct 09, 2020	Sell 99.6 K USD	Schoenfeld Adam Chief Strategy Officer	- 40000	2.49 USD
4 years ago Sep 28, 2020	Sell 53.3 K USD	Schoenfeld Adam Chief Strategy Officer	- 25500	2.09 USD
4 years ago Sep 18, 2020	Sell 84.6 K USD	LoCascio Aaron Chief Executive Officer	- 39000	2.17 USD
4 years ago Aug 27, 2020	Sell 33.3 K USD	Schoenfeld Adam Chief Strategy Officer	- 13174	2.53 USD
4 years ago Aug 28, 2020	Sell 31.7 K USD	Schoenfeld Adam Chief Strategy Officer	- 12326	2.57 USD
4 years ago Aug 14, 2020	Sell 117 K USD	LoCascio Aaron Chief Executive Officer	- 39000	3 USD
4 years ago Jul 17, 2020	Sell 139 K USD	LoCascio Aaron Chief Executive Officer	- 37267	3.72 USD
4 years ago Jul 20, 2020	Sell 6.41 K USD	LoCascio Aaron Chief Executive Officer	- 1733	3.7 USD
4 years ago Jul 17, 2020	Sell 139 K USD	LoCascio Aaron Chief Executive Officer	- 37267	3.72 USD
4 years ago Jul 20, 2020	Sell 6.41 K USD	LoCascio Aaron Chief Executive Officer	- 1733	3.7 USD
5 years ago Dec 05, 2019	Sell 226 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	- 75000	3.01 USD
5 years ago Dec 09, 2019	Sell 214 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	- 75000	2.86 USD
5 years ago Dec 05, 2019	Bought 226 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 75000	3.02 USD
5 years ago Dec 04, 2019	Bought 238 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 75000	3.17 USD
5 years ago Dec 04, 2019	Sell 236 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	- 75000	3.15 USD
5 years ago Dec 05, 2019	Sell 226 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	- 75000	3.01 USD
5 years ago Nov 14, 2019	Bought 139 K USD	LoCascio Aaron Chief Executive Officer	+ 42500	3.27 USD
5 years ago Nov 13, 2019	Bought 45.8 K USD	LoCascio Aaron Chief Executive Officer	+ 13875	3.3 USD
5 years ago Sep 24, 2019	Bought 99.2 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 25000	3.97 USD
5 years ago Sep 23, 2019	Bought 85 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 20000	4.25 USD
5 years ago Sep 20, 2019	Bought 135 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 30000	4.49 USD
5 years ago Sep 30, 2019	Bought 33.9 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 10000	3.39 USD
5 years ago Sep 27, 2019	Bought 52.4 K USD	Taney Richard Director	+ 15000	3.49 USD
5 years ago Sep 26, 2019	Bought 57 K USD	Taney Richard Director	+ 15000	3.8 USD
5 years ago Apr 23, 2019	Bought 85 K USD	Taney Richard Director	+ 5000	17 USD
5 years ago Sep 20, 2019	Bought 135 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 30000	4.49 USD
5 years ago Sep 24, 2019	Bought 99.2 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 25000	3.97 USD
5 years ago Sep 23, 2019	Bought 85 K USD	PURA VIDA INVESTMENTS, LLC 10 percent owner	+ 20000	4.25 USD
5 years ago Apr 29, 2019	Sell 5.82 M USD	Schoenfeld Adam Chief Strategy Officer	- 368095	15.81 USD
5 years ago Apr 29, 2019	Sell 298 K USD	Schoenfeld Adam Chief Strategy Officer	- 18822	15.81 USD
5 years ago Apr 29, 2019	Sell 82.8 K USD	Scheiner Jay M. Chief Operating Officer	- 5237	15.81 USD
5 years ago Apr 29, 2019	Sell 5.82 M USD	LoCascio Aaron Chief Executive Officer	- 368095	15.81 USD
5 years ago Apr 29, 2019	Sell 110 K USD	Kadey Sasha Chief Marketing Officer	- 6983	15.81 USD
5 years ago Apr 29, 2019	Sell 5.82 M USD	Jacoby & Co. Inc. 10 percent owner	- 368095	15.81 USD
5 years ago Apr 23, 2019	Sell 10.2 M USD	Schoenfeld Adam Chief Strategy Officer	- 644860	15.81 USD
5 years ago Apr 23, 2019	Sell 138 K USD	Scheiner Jay M. Chief Operating Officer	- 8729	15.81 USD
5 years ago Apr 23, 2019	Sell 10.2 M USD	LoCascio Aaron Chief Executive Officer	- 644860	15.81 USD
5 years ago Apr 23, 2019	Sell 184 K USD	Kadey Sasha Chief Marketing Officer	- 11639	15.81 USD
5 years ago Apr 23, 2019	Sell 10.2 M USD	Jacoby & Co. Inc. 10 percent owner	- 644860	15.81 USD

7. News

Greenlane Signs New Exclusive U.S. Distribution Agreement with Green Gruff USA Inc. Distribution Agreement Marks Greenlane's Expansion into the Canine All-natural Cannabidiol Supplements and Treats Market BOCA RATON, FL / ACCESSWIRE / January 6, 2025 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (Nasdaq:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it has entered into a new exclusive U.S. distribution agreement with Green Gruff USA Inc. ("Green Gruff"). Grenn Gruff offers a comprehensive line of veterinarian approvedorganic cannabidiol-infused supplements and treats manufactured in the U.S. to support a dog's overall health and vitality. accesswire.com - 1 week ago

As The Cannabis Industry Grows Marijuana Stocks May Rise Back around 2010 more states began to legalize recreational cannabis. This led to a big outbreak of more people using cannabis within those regions. This also helped with seeing a pivotal change that allowed for the structure of a legal, regulated market. One that particularly and drastically reduced the influence of the illegal cannabis business. By 2023, the legal cannabis sector has blossomed into a multi-billion dollar industry. In 2025 projections indicate a continued expansion as more places consider legalization. marijuanastocks.com - 3 weeks ago

CORRECTION FROM SOURCE: Greenlane Appoints Rob Shields as Chief Growth Officer Effective dates for appointment have been added. Experienced executive in scaling business and growing revenue BOCA RATON, FL / ACCESSWIRE / December 23, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it that Rob Shields has been appointed to the new role of Greenlane's Chief Growth Officer (CGO), effective January 1, 2025. accesswire.com - 3 weeks ago

Greenlane Appoints Rob Shields as Chief Growth Officer Experienced executive in scaling business and growing revenue BOCA RATON, FL / ACCESSWIRE / December 23, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it that Rob Shields has been appointed to the new role of Greenlane's Chief Growth Officer (CGO), effective (Date). Shields has served as a consultant for Greenlane since (Date). accesswire.com - 3 weeks ago

Top Marijuana Stocks For Long-Term Players As the push to advance legal cannabis continues marijuana stocks are feeling the impact. The cannabis industry for each legal state or global region has its own set of laws and regulations. Currently in the USA, the fight for better reform and regulations has impacted the sector as a whole. For instance, you would think with billions being made by certain companies banking measures would have already been in place. marijuanastocks.com - 1 month ago

Top Marijuana Stocks That Are Impacted By Federal Reform Cannabis reform has played a big part in the way most marijuana stocks trade. But reform has been both bittersweet for consumers and business owners. For particular states in the US having legal cannabis is a certain victory for the culture. But in places like Florida quality is a big concern for consumers and the lack of proper quality control has impacted business dramatically. Which in turn has shaken some board members and shareholders for those companies that are publicly traded. marijuanastocks.com - 1 month ago

Safe Supply Streaming Co. Ltd. Portfolio Company Safety Strips Tech Corp. Advances Strategy with Greenlane Holdings Inc. Distribution Agreement Toronto, Ontario--(Newsfile Corp. - December 6, 2024) - Safe Supply Streaming Co. Ltd. (CSE: SPLY) (FSE: QM4) (OTCQB: SSPLF) ("Safe Supply" or the "Company") is pleased to announce a strategic collaboration between its portfolio company, Safety Strips Tech Corp. ("Safety Strips") and Greenlane Holdings, Inc. (NASDAQ: GNLN) ("Greenlane"). newsfilecorp.com - 1 month ago

Greenlane Continues Product Diversification Strategy with Additional Homeland Security and Health Safety Product Offering BOCA RATON, FL / ACCESSWIRE / December 5, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it has begun distribution of Toxi Shield by Safety Strips' premium quality and competitively priced iodine tablets produced by Safety Strips, Inc, a portfolio company of Safe Supply Streaming Co Ltd. (CSE:SPLY)(FSE:QM4)(OTCQB:SSPLF). accesswire.com - 1 month ago

3 Top Marijuana Stocks To Watch Today For Better Momentum As 2024 comes to a close, 2025 could be a big year for legal cannabis markets. The better the industry does, the better the odds are at seeing marijuana stocks lower in volatility and rise in momentum. For instance, when the demand for comprehensive reform and regulatory concerns are met this can help advance the industry in a major way. The goal for some is to see their legal market have more relaxed policies. marijuanastocks.com - 1 month ago

2 Marijuana Stocks For Your 2025 Portfolio Most marijuana stocks are feeling the continued impact of volatile trading. The unpredictable patterns and drops in the sector have led to a lack of confidence. Yet this has also led to some finding ways to take up bigger positions at a lower entry level. Often when there is a pullback of any kind more people begin to search for the best marijuana stocks to buy. No one wants to miss a chance to invest a cheap share prices. marijuanastocks.com - 1 month ago

Greenlane Signs New U.S. Distribution Agreement with Veriteque USA, Manufacturer of the SwabTek(TM) and Verifique(TM) Brand of Field Test Kits Institutional brand, SwabTek™, marketed to high-volume users for the detection of narcotics, explosives, gunshots and to Homeland Security and Customs and Border Protection for instant detection of terror threats and drugs at border checkpoints Consumer brand, Verifique™, marketed for detection of cannabis, fentanyl and other narcotics Simple, safe, and accurate chemistry field tests target global large-scale consumer, education, public health and corporate markets Addition of SwabTek tests to Greenlane's portfolio allows it to offer a more comprehensive array of testing technologies BOCA RATON, FL / ACCESSWIRE / November 19, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced a multi-year distribution agreement with Veriteque USA, Inc., ("Veriteque") a manufacturer of the patented SwabTek™ and Verifique™ brand of single-use, dry reagent presumptive field tests for detection of narcotics, explosives, gunshot residue and other harmful substances. Under the agreement, Greenlane will distribute Veriteque's comprehensive portfolio of field test kits in the U.S. with a focus on institutional retail, education, law enforcement and corporate accounts. accesswire.com - 2 months ago

Greenlane Reports Third Quarter 2024 Financial Results Quarterly Financial Highlights $1.4 million, or 52%, sequential revenue increase vs Q2 2024 Gross margin of 75% driven, in part, by E&O inventory sales $2.5 million decrease in salaries and benefits vs Q3 2023 $3.7 million decrease in G&A vs Q3 2023 $6.5 million capital raise Operating Highlights Executed two strategic distribution agreements to expand platform Streamlined our third-party product portfolio Restructured all existing third-party debt facilities Upgraded our sales and marketing organizations BOCA RATON, FL / ACCESSWIRE / November 15, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (Nasdaq:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today reported its financial results for the third quarter and nine months ended September 30, 2024. A Note on Our Revenue Reporting Beginning with our second quarter 2023 earnings release, we implemented a major restructuring of our industrial product lines, transitioning much of this business from gross sales to a commission structure. accesswire.com - 2 months ago

8. Profile Summary

Greenlane Holdings, Inc. GNLN

COUNTRY US

INDUSTRY Tobacco

MARKET CAP $ 2.97 M

Dividend Yield 0.00%

Description Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers and packaging, grinders, and apparel lines, as well as bubblers, rigs, and other smoking and vaporization related accessories and merchandise. It offers its products under the VIBES rolling papers, Pollen Gear, the Marley Natural accessory line, Aerospaced & Groove grinders, Marley Natural, K. Haring Glass Collections, Eyce silicone pipes, Higher Standards, and DaVinci vaporizers brands. The company also operates e-commerce websites, such as Vapor.com, Higherstandards.com, Aerospaced.com, DaVincivaporizer.com, Harringglass.com, Eycemolds.com, Vapor.ca, Vaposhop.com, and Puffitup.com. It serves customers through a network of 8,500 smoke shops, cannabis dispensaries, and specialty retailers. Greenlane Holdings, Inc. was founded in 2005 and is headquartered in Boca Raton, Florida.

Contact 1095 Broken Sound Parkway, Boca Raton, FL, 33487 https://www.gnln.com

IPO Date April 18, 2019

Employees 145

Officers Mr. Aaron LoCascio Co-Founder & Director Ms. Barbara Sher Chief Executive Officer

Price Chart GNLN

Greenlane Holdings, Inc. GNLN

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