Welcome to our dedicated page for Greenlane Holdings news (Ticker: GNLN), a resource for investors and traders seeking the latest updates and insights on Greenlane Holdings stock.
Greenlane Holdings, Inc. (NASDAQ: GNLN) is recognized as a leading distributor of premium brands within the head shop, smoke shop, and dispensary channels. Founded in 2005, Greenlane has established itself as an industry leader by offering innovative products, competitive pricing, and exceptional customer service. The company operates as a global platform, distributing a wide range of smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and end consumers.
Greenlane's product portfolio includes vaporizers, parts, cleaning accessories, grinders, storage containers, pipes, rolling papers, and customized premium packaging. The company markets its products through business-to-business and business-to-consumer channels in the United States, Canada, and Europe, with a majority of its revenue derived from the U.S. market.
Greenlane's proprietary brands include DaVinci Vaporizers, Higher Standards, Groove, and Eyce. The company also holds exclusive licenses for Marley Natural and K.Haring branded products. Notable collaborations include renowned brands such as Storz & Bickel, Pax, VIBES, and CCELL. Greenlane's varied product offerings are available through its e-commerce platforms, including Vapor.com, Vaposhop.com, DaVinciVaporizer.com, PuffItUp.com, EyceMolds.com, HigherStandards.com, and MarleyNaturalShop.com.
Recent milestones include the launch of the DaVinci ARTIQ, a portable vaporizer featuring clean technology and a user-friendly design. Greenlane has also expanded its product line to include disposable nicotine offerings, aligning with consumer demand and market trends. Financially, the company has shown a commitment to growth and profitability through strategic product launches and operational efficiencies.
In August 2023, Greenlane achieved significant progress by repaying its outstanding asset-based loan, thereby fulfilling its financial commitments and acquiring additional cash for future endeavors. The company's recent financial results highlight a continuous effort to improve margins, reduce costs, and achieve profitability by Q4 2023.
For more information about Greenlane Holdings, Inc., please visit their investor relations website at https://investor.gnln.com.
Greenlane Holdings (GNLN) will hold a conference call on November 17, 2020, at 8:30 a.m. ET to discuss third-quarter results for the period ended September 30, 2020. The financial results will be released prior to the call. Greenlane is a leading seller of premium cannabis accessories and vaporization products, serving over 11,000 retail locations globally. The company features a diverse brand portfolio, including partnerships with PAX Labs and Storz & Bickel. For investor inquiries, reach out to MATTIO Communications.
Greenlane Holdings, Inc. (GNLN), a major global seller of cannabis accessories, has rescheduled its Q3 2020 earnings conference call to the week of November 16, 2020. This change is due to the need to finalize tax entries related to its European operations. Greenlane is recognized for its extensive portfolio, including brands like PAX Labs and Storz & Bickel, and operates over 11,000 retail locations. The company also emphasizes its commitment to transparency, citing forward-looking statements that highlight potential risks and uncertainties impacting business performance.
Greenlane Holdings, a leader in premium cannabis accessories, has scheduled a conference call to discuss its third-quarter results for 2020. The call will take place on Thursday, November 12th, 2020, at 8:30 a.m. Eastern Time. Investors can access financial results before the call. The dial-in number is (833) 519-1285 with conference ID 9693218. For web access, listeners can click here. A replay will be available until November 26th, 2020.
Greenlane Holdings (Nasdaq: GNLN) announced the launch of Eyce's ProTeck™ Glass Series, featuring three new innovative products: the Eyce Spark, Ash Tray, and Rolling Tray. These items integrate borosilicate glass with silicone for enhanced functionality and durability. The Spark includes a battery-powered LED light and storage features. The Ash Tray has a dual-purpose design, while the Rolling Tray is spacious and versatile. Retailers can purchase these products through Greenlane's website, expanding their appeal to a diverse consumer base in the cannabis accessories market.
Greenlane Holdings (Nasdaq: GNLN) announced a global distribution deal for Marley Natural accessories on October 12, 2020. This partnership will expand the iconic cannabis brand's presence into Central and South America, the Caribbean, and Europe. The accessories feature sustainable materials and are designed with a nod to Bob Marley's legacy. Both companies aim to enhance market accessibility and reach a broader consumer audience. This collaboration marks a significant step in Greenlane's strategy to bolster its global footprint.
Greenlane Holdings (Nasdaq: GNLN) announces leadership changes, appointing Michael Cellucci as President of Sales and Marketing for North America, and Michael Ouwendijk as Sales & Marketing Director for Greenlane Europe. Cellucci, with over 20 years in consumer packaged goods, previously led Drew Estate to significant growth. Ouwendijk has a history in enhancing sales strategies across various brands. This strategic hiring aims to capitalize on higher-margin revenue opportunities and strengthen growth in their respective markets.
Greenlane Holdings (GNLN) announces the launch of new color options for the PAX 3 cannabis vaporizer, now available in Burgundy, Onyx, Sage, and Sand. The PAX 3 features advanced technology, including lip-sensing and Bluetooth connectivity, with a rapid heat-up time and a long-lasting battery. To promote the new colors, a collaboration with Revelry introduces a limited-time offer, providing a free smell-proof pouch with each PAX 3 purchase. This partnership aims to enhance brand exposure for both companies in the cannabis market.
Greenlane Holdings (GNLN) has launched a new line of machine-manufactured pre-rolled cones made from high-quality, responsibly sourced materials. Available in Rice, Natural Brown, and Organic Hemp blends, the cones feature a patent-pending manufacturing process that ensures precision and efficiency. They are produced in an ISO 9000-compliant facility and come in three sizes: 1 1/4, Slim, and King. These cones are customizable for brands and are accessible through bulk orders with short delivery times. Greenlane continues to enhance the cannabis consumption experience with innovative products.
Greenlane Holdings (GNLN) announced preliminary Q2 2020 revenue of approximately $32.4 million, reflecting its strategic growth initiatives. The company appointed new executives, including William Mote as CFO and William Bine as COO, strengthening its leadership team to enhance global operations. The full results will be revealed on August 7, 2020. The revenue estimate is unaudited and subject to change, indicating potential material differences from actual results.
Greenlane Holdings (GNLN) has launched VIBES™ Cubano Cones and a new apparel collection, enhancing its premium cannabis accessories brand. The Cubano Cone is wider and longer than traditional options, accommodating up to 8 grams of material, and is crafted with all-natural acacia tree gum for optimal sealing. VIBES has built a strong reputation in the market since its inception in 2019 and aims to establish itself as a lifestyle brand. The new apparel line features six designs across 25 items, available starting July 31, 2020.
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