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Greenlane Holdings - GNLN STOCK NEWS

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.

About Greenlane Holdings, Inc. (NASDAQ: GNLN)

Founded in 2005, Greenlane Holdings, Inc. is a premier global platform for the development and distribution of premium cannabis accessories, child-resistant packaging, specialty vaporization products, and lifestyle goods. Operating at the intersection of the cannabis, wellness, and safety industries, Greenlane serves thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers across the United States, Canada, Europe, and Latin America. The company’s extensive product portfolio includes its proprietary brands, such as Marley Natural and K.Haring, as well as a carefully curated selection of third-party products.

Core Business and Revenue Streams

Greenlane generates revenue through multiple channels, including direct-to-consumer (DTC) sales via its proprietary e-commerce platforms—Vapor.com, PuffItUp.com, and HigherStandards.com—and wholesale distribution to retailers and dispensaries. Its omnichannel distribution model enables efficient logistics and broad market reach, making it a trusted partner for both established brands and emerging innovators in the cannabis and wellness sectors. The company also operates as a brand accelerator, offering marketing, warehousing, and logistics services to its partners.

Product Portfolio and Market Diversification

Greenlane’s product portfolio spans a wide range of categories:

  • Premium Cannabis Accessories: Vaporizers, pipes, rolling papers, grinders, and child-resistant packaging.
  • Wellness Products: Innovative inhalation devices, canine CBD supplements, and lifestyle goods.
  • Safety Solutions: Drug detection test strips for fentanyl, xylazine, and drink spiking, as well as potassium iodide tablets for radiation emergencies.

In recent years, Greenlane has strategically diversified its offerings to include health and safety products, such as the exclusive distribution of Safety Strips’ drug detection kits and Veriteque’s SwabTek field tests. These initiatives align with its commitment to community safety and wellness, addressing critical public health challenges like the opioid epidemic and drink spiking.

Strategic Partnerships and Competitive Edge

Greenlane’s competitive advantage lies in its robust distribution network, operational efficiency, and strategic partnerships. The company has secured exclusive agreements with innovative brands like CURB Lifestyle for non-heating inhalation devices and Green Gruff for cannabidiol-infused pet supplements. These collaborations enable Greenlane to expand into high-growth markets while leveraging its existing infrastructure to maximize revenue potential.

Operational Strength and Market Position

With operations in multiple cities across the United States and Canada, Greenlane is well-positioned to capitalize on the growing demand for cannabis and wellness products. Its proprietary e-commerce platforms and wholesale portal provide seamless access to a diverse range of products, catering to both individual consumers and institutional clients. The company’s focus on high-margin, innovative products underscores its commitment to sustainable growth and market leadership.

Conclusion

Greenlane Holdings stands out as a dynamic player in the cannabis and wellness industries, combining a diverse product portfolio with an expansive distribution network. By continuously innovating and entering adjacent markets, the company has solidified its reputation as a trusted partner for both brands and consumers. Whether through its exclusive brand partnerships or its commitment to addressing public health challenges, Greenlane remains at the forefront of industry evolution.

Rhea-AI Summary

Greenlane Holdings, Inc. (NASDAQ:GNLN), a leading global seller of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, has announced that its Chief Executive Officer, Barbara Sher, acquired 12,500 common shares of the company on the open market. The purchases were made between August 5th and August 9th at an average price of $2.66 per share.

This move by the CEO is viewed as a demonstration of confidence in the company's intrinsic value and growth prospects, both in the near-term and long-term. The announcement highlights the alignment of the CEO's interests with those of the shareholders, potentially signaling a positive outlook for the company's future performance.

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Greenlane Holdings (NASDAQ:GNLN), a leading global seller of premium cannabis accessories, has announced a $6.5 million private placement with a single institutional investor. The company will issue 2,363,637 units and pre-funded units, each consisting of one share of common stock (or pre-funded warrant) and two common warrants. The common warrants have an exercise price of $2.50 per share and will expire after 5 years.

The private placement is expected to close on August 13, 2024, subject to customary closing conditions. Greenlane plans to use the net proceeds for working capital and general corporate purposes. Aegis Capital Corp. is acting as the Exclusive Placement Agent, with legal counsel provided by Sichenzia Ross Ference Carmel LLP for Greenlane and Kaufman & Canoles, P.C. for Aegis Capital Corp.

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Greenlane Holdings (NASDAQ:GNLN) has entered a non-binding letter of intent to become the exclusive U.S. distributor of Safety Strips, Inc.'s fentanyl, xylazine, and drink spike detection test strips. These high-sensitivity tests offer powerful detection capabilities for the current opiate crisis. Safety Strips' products provide an affordable and accurate way to test substances for dangerous adulterants like fentanyl and xylazine, which are exacerbating the opioid epidemic.

The single, low-cost test strip can detect various synthetic opioids and is designed to help prevent opioid-related deaths. Greenlane plans to leverage its strong distribution, operations, marketing, and sales teams to support the brand and grow the business. This partnership aims to address the growing concern of drug-facilitated assaults and the increasing presence of dangerous drug combinations in the United States.

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Greenlane Holdings (NASDAQ:GNLN) announced that its online shop, Vapor.com, has been recognized on USA Today's list of America's Top Online Shops. This recognition comes from a survey conducted in partnership with Plant A Insights, involving about 45,000 consumers and over 267,000 retailer reviews.

CEO Barbara Sher emphasized the company's commitment to delivering exceptional online shopping experiences. Vapor.com offers customers a safe, secure, and informed vaporization purchasing experience, with a focus on product quality and superior customer service.

This achievement highlights Greenlane's position as a premier global seller of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, reinforcing its dedication to customer satisfaction in the e-commerce space.

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Greenlane Holdings (NASDAQ:GNLN) has announced a one-for-11 reverse stock split of its Class A common stock, effective August 5, 2024. This move is primarily aimed at maintaining Nasdaq listing compliance. The reverse split will reduce the number of issued and outstanding shares from approximately 5.8 million to 0.5 million. Greenlane's stockholders approved this action at a special meeting on July 29, 2024, authorizing the board to implement a split ratio between one-for-two and one-for-20. The board chose the one-for-11 ratio on July 23, 2024. This action will affect all outstanding shares, options, restricted stock awards, warrants, and other securities, with adjustments made accordingly. No fractional shares will be issued, and stockholders entitled to fractional shares will receive rounded-up whole numbers.

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Greenlane Holdings, Inc. (NASDAQ:GNLN) CEO Barbara Sher provided a corporate update in a letter to shareholders. Key points include:

  • The global smoking accessories market is projected to reach $86.54 billion by 2031, growing at a CAGR of 3.70%
  • Greenlane has regained compliance with Nasdaq listing requirements
  • The company is reducing SG&A costs and streamlining operations
  • Greenlane is working to restructure existing debt obligations to increase financial flexibility
  • The company is realigning its sales and marketing organization to accelerate growth
  • Greenlane is focusing on reinvigorating existing partnerships and creating new opportunities
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Greenlane Holdings (NASDAQ: GNLN) announced that on May 21, 2024, it received a Nasdaq notification of non-compliance with Listing Rule 5250(c)(1) due to its failure to timely file its Quarterly Report on Form 10-Q for Q1 2024.

The company had previously received a similar notice on April 18, 2024, for not filing its Annual Report on Form 10-K for FY 2023. Greenlane has until June 17, 2024, to submit a plan to regain compliance. If accepted, Nasdaq may grant up to an additional 180 days to meet the requirements. Failure to comply could result in delisting.

Greenlane is working to submit the necessary filings as soon as possible. However, there is no assurance that the filings will be made within the 60-day window.

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Greenlane Holdings, Inc. received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The company has 60 days to submit a plan to regain compliance, with a potential extension of up to 180 days if the plan is accepted.
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Greenlane Holdings, Inc. (GNLN) has received a notice from Nasdaq indicating non-compliance with listing rules due to the inability to file the Quarterly Report on Form 10-Q for the period ended September 30, 2023. The company has 60 days to submit a plan to regain compliance, with a potential extension of 180 days. However, there is no assurance of plan acceptance or compliance within the extension period.
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Greenlane Holdings, Inc. announces the launch of its newest product, the Eyce PV1 vaporizer. The PV1 offers smooth vapor, portability, and durability. Eyce products are known for their ultrafunctional designs and use of platinum-cured silicone and borosilicate glass. CEO Craig Snyder expresses excitement about the expansion of the Eyce brand and Greenlane's position in the vaporizer space.
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FAQ

What is the current stock price of Greenlane Holdings (GNLN)?

The current stock price of Greenlane Holdings (GNLN) is $0.615 as of March 5, 2025.

What is the market cap of Greenlane Holdings (GNLN)?

The market cap of Greenlane Holdings (GNLN) is approximately 5.1M.

What does Greenlane Holdings do?

Greenlane Holdings develops and distributes premium cannabis accessories, wellness products, and safety solutions through its e-commerce platforms and wholesale network.

What are Greenlane’s primary revenue streams?

Greenlane generates revenue through direct-to-consumer e-commerce sales, wholesale distribution, and exclusive brand partnerships.

What industries does Greenlane operate in?

Greenlane operates in the cannabis, wellness, and safety industries, serving both B2B and B2C markets.

What are some of Greenlane’s proprietary brands?

Greenlane’s proprietary brands include Marley Natural and K.Haring, alongside a curated selection of third-party products.

How does Greenlane address public health challenges?

Greenlane distributes safety products like drug detection test strips and potassium iodide tablets, addressing issues like the opioid epidemic and radiation emergencies.

What makes Greenlane competitive in its market?

Greenlane’s competitive edge lies in its extensive distribution network, operational efficiency, and strategic partnerships with innovative brands.

What are Greenlane’s recent market expansions?

Greenlane has expanded into wellness and safety markets, distributing products like canine CBD supplements and innovative inhalation devices.

Where does Greenlane distribute its products?

Greenlane distributes products across the United States, Canada, Europe, and Latin America through its e-commerce platforms and wholesale channels.
Greenlane Holdings

Nasdaq:GNLN

GNLN Rankings

GNLN Stock Data

5.09M
7.59M
0.94%
3.56%
10.25%
Tobacco
Wholesale-durable Goods, Nec
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United States
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