Greenlane Holdings, Inc.

Listed Company

GNLNCIK 0001743745NasdaqNon-AcceleratedSmaller ReportingWholesale-Durable Goods, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.36M

Net Income

$-85.58M

Total Assets

—

Equity

—

Shares Out

631.5K

Op. Cash Flow

$-16.26M

Business

Greenlane Holdings, Inc. is a global platform that develops, sources and distributes premium cannabis accessories, vaporizers and lifestyle products. The company offers proprietary and partnered consumer brands, licensed products and third-party items, including vaporizers, hand and water pipes, rolling papers, packaging and e-commerce retail assortments. Its operations include wholesale B2B distribution, direct-to-consumer e-commerce sites and branded retail channels, along with owned and third-party logistics and distribution centers. Greenlane merchandises and ships products across the United States, Canada, Europe and Latin America via wholesale, DTC e-commerce and major marketplaces.

Summary from filing dated 2025-03-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	4	13	65	137	166
Cost of sales	17	7	48	112	132
Gross (loss) profit	−12	6	18	25	34
Salaries, benefits and payroll taxes	10	7	17	31	34
Stock based compensation strategic advisory warrants	19	—	—	—	—
General and administrative	11	10	24	41	48
Restructuring expenses	1	—	—	—	—
Impairment of property, plant and equipment	650,000	153,000	—	—	—
Depreciation and amortization	493,000	800,000	2	7	5
Total operating expenses	42	18	44	209	87
Loss from operations	−54	−12	−26	−184	−53
Interest expense	−394,000	−6	−5	−2	—
Change in fair value of contingent consideration	—	1	—	—	—
Change in fair value of digital assets	−31	—	—	—	—
Loss on extinguishment of debt	—	−876,000	—	—	—
Other expense, net	213,000	−25,000	−791,000	−541,000	−117,000
Total other expense, net	−31	−6	−6	2	−691,000
Loss before income taxes	−86	−18	−32	−182	−53
Provision for income taxes	7,000	—	—	−13,000	10,000
Net loss	−86	−18	−32	−182	−53
Less: Net loss attributable to non-controlling interest	—	−17,000	−150,000	−13	−23
Net loss attributable to Greenlane Holdings, Inc.	−86	−18	−32	−170	−31
Net loss attributable to Class A common stock per share - basic	−11.42	−14.56	−8.16	−22.51	−15.85
Net loss attributable to Class A common stock per share - diluted	−11.42	−14.56	−8.16	−22.51	−15.85
Weighted-average shares of Class A common stock outstanding - basic	7	1	363,000	753,000	2
Weighted-average shares of Class A common stock outstanding - dilued	7	1	363,000	753,000	2
Foreign currency translation adjustments	—	20,000	190,000	−211,000	115,000
Comprehensive loss	−86	−18	−32	−182	−53
Less: comprehensive loss attributable to non-controlling interest	—	−17,000	−150,000	−13	−23
Comprehensive loss attributable to Greenlane Holdings, Inc.	−86	−18	−32	−170	−30

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	33	899,000	463,000	6	13
Accounts receivable, net of allowance of $1,511 and $2,616 at December 31, 2025 and 2024, respectively	2	4	2	6	15
Inventories, net	—	14	21	41	67
Vendor deposits	—	3	4	6	18
Other current assets (Note 8)	2	1	3	11	—
Total current assets	36	24	30	77	125
Property and equipment, net	253,000	1	2	4	—
Operating lease right-of-use assets	144,000	1	2	3	9
Digital assets	37	—	—	—	—
Other assets	2	2	4	6	—
Total assets	75	29	38	90	286
Accounts payable	5	10	12	15	23
Accrued expenses and other current liabilities (Note 8)	2	1	3	12	25
Customer deposits	—	3	3	4	—
Notes payable	—	8	7	3	12
Current portion of operating leases	166,000	926,000	866,000	2	3
Total current liabilities	7	22	26	36	71
Operating leases, less current portion	—	83,000	1	2	6
Total liabilities	7	22	27	51	89
Commitments and contingencies (Note 7)	—	—	—	—	—
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding	—	—	—	—	0
Additional paid-in capital	428	281	268	264	230
Accumulated deficit	−361	−275	−257	−225	−56
Accumulated other comprehensive income	265,000	265,000	245,000	55,000	324,000
Total stockholders equity attributable to Greenlane Holdings, Inc.	68	6	11	39	175
Non-controlling interest	−149,000	−149,000	−132,000	18,000	22
Total stockholders equity	68	6	11	39	196
Total liabilities and stockholders equity	75	29	38	90	286

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	493,000	800,000	2	—	—
Stock-based compensation expense	5	86,000	—	—	—
Change in provision for credit losses	2	245,000	188,000	3	236,000
Loss on disposal of fixed assets	121,000	215,000	118,000	1	109,000
Write-off of vendor deposits, accrued liabilities and customer deposits	−571,000	—	—	—	—
Impairment of inventory	6	—	—	—	—
Amortization of deferred financing costs and debt discount	284,000	5	3	644,000	23,000
Other	57,000	171,000	—	—	—
(Increase) decrease in accounts receivable	716,000	−3	5	5	−1
Decrease in inventories	10	6	20	26	6
Decrease in vendor deposits	—	674,000	—	—	—
Decrease in other assets	−193,000	4	8	−3	9
Decrease in accounts payable	−5	−2	−3	−6	−1
Decrease in accrued expenses and other liabilities	409,000	−841,000	—	—	—
Decrease in customer deposits	—	−114,000	—	—	—
Net cash and cash equivalents used in operating activities	−16	−7	−2	−26	−37
Purchase of property and equipment, net	−98,000	−244,000	−1	−3	−4
Purchase of Digital Assets - BERA	−8	—	—	—	—
Net cash and cash equivalents used in investing activities	−8	−244,000	30,000	12	−20
Proceeds from issuance of Class A common stock, net of issuance costs	21	6	4	21	33
Proceeds from exercise of stock options and warrants, net of costs	43	2	—	—	—
Repayment of loan against future accounts receivable	—	−939,000	−2	—	−908,000
Proceeds from future receivables financing	—	225,000	4	—	—
Repayments of notes payable	−8	−2	—	−3	0
Proceeds from notes payable	—	3	—	—	—
Other	—	−1,000	−21,000	−128,000	−360,000
Net cash and cash equivalents provided by financing activities	56	7	−10	14	39
Effects of exchange rate changes on cash and cash equivalents	—	3,000	190,000	−210,000	480,000
Net increase in cash and cash equivalents	32	436,000	−12	−681,000	−18
Cash paid during the period for interest	107,000	916,000	4	2	574,000
Cash paid during the period for income taxes	—	—	—	76,000	39,000
Fair value of common stock warrants issued as a debt discount	—	2	—	—	—
Extinguishment of debt in connection with Synergy Asset purchase agreement	—	3	—	—	—
Digital assets exchanged for Class A common stock and warrants	60	—	—	—	—
Issuance of Class A Warrants	—	4	—	3	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro