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) 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.
Greenlane Holdings (NASDAQ: GNLN) has scheduled a conference call on August 7, 2020, at 8:30 a.m. Eastern Time to discuss its second-quarter results for the period ended June 30, 2020. Prior to this call, the company will release its financial results. Greenlane is a leading global seller of cannabis accessories and operates an extensive customer base across more than 11,000 retail locations. The call can be accessed via dial-in at (833) 519-1285 or through a webcast.
Greenlane Holdings (NASDAQ: GNLN) has announced a partnership with NEO Plastics to offer sustainable packaging solutions to its customers, starting this July. NEO's packaging utilizes an additive that accelerates microbial digestion, converting waste into renewable energy. Greenlane aims to meet the high demand for sustainable packaging in the cannabis industry. The new packaging maintains the functionality of traditional mylar bags while complying with safety regulations. It includes six size options and customizable features, priced competitively compared to existing products.
Greenlane Holdings, Inc. (NASDAQ: GNLN) announced the launch of the SoftSquare Jar through its subsidiary, Pollen Gear™, enhancing its line of child-resistant cannabis packaging. The jars, made from 4.5-millimeter thick glass, maintain product freshness and are customizable for various cannabis products. Since 2020, California mandates child-resistant packaging for THC products, positioning Pollen Gear as a leader in innovative cannabis packaging solutions. The company's commitment to design-driven innovation is underscored by its in-house engineering capabilities.
Greenlane Holdings, Inc. (GNLN) has launched G-Verify, a consumer-focused verification program that uses QR codes to provide product information directly to consumers. This service, powered by Lucid Green, enables brands to confirm authenticity, showcase certifications, and offer essential product details. G-Verify aims to enhance consumer trust in the legal cannabis market by ensuring product compliance and safety. Brands can control their messaging, and retailers can integrate G-Verify into their systems for real-time verification. Consumers gain access to important product insights, creating a more informed purchasing experience.
Greenlane Holdings (GNLN) announced the launch of VIBES Rolling Papers across Europe and Canada, marking a significant global expansion. VIBES, a popular brand known for its high-quality, slow-burning rolling papers, is a joint venture with rapper Gilbert Berner. Launched in 2019, VIBES papers are made from natural materials and are now available at over 200 retailers in Europe and 100 specialty stores in Canada. CEO Aaron LoCascio expressed enthusiasm for leveraging global scale to meet consumer demand while enhancing brand presence.
Greenlane Holdings, Inc. (GNLN) reported Q1 2020 revenue of approximately $33.9 million, down 32.1% from Q1 2019. Sales of Greenlane Brands rose to $6.3 million, accounting for 18.5% of total revenue. Gross profit improved to $7.3 million with a margin of 22%, up 414 basis points. The company is closing underperforming locations and transitioning to higher-margin products. Net loss was $16.8 million, an improvement from $17.7 million last year. Total cash stood at $43.9 million, with debt unchanged at $8.3 million.
FAQ
What is the current stock price of Greenlane Holdings (GNLN)?
What is the market cap of Greenlane Holdings (GNLN)?
What does Greenlane Holdings, Inc. do?
What are some of Greenlane's proprietary brands?
Where does Greenlane Holdings, Inc. operate?
What recent products has Greenlane launched?
How does Greenlane distribute its products?
What was a significant financial milestone for Greenlane in 2023?
What is Greenlane's strategy for achieving profitability?
Who are some of Greenlane's key partners?
What is unique about Greenlane's Eyce products?
Where can I find more information about Greenlane Holdings, Inc.?
