Greenlane Holdings Stock Price, News & Analysis

Greenlane (NASDAQ: GNLN) has partnered with the Last Prisoner Project (LPP) to support cannabis-related criminal justice reform. Greenlane will contribute a portion of its sales from future product collaborations and will encourage customers to donate to LPP at checkout. This initiative aims to raise awareness of social injustices within the cannabis industry and assist individuals with cannabis convictions. The partnership aligns with Greenlane's commitment to social responsibility, reflected in CEO Aaron LoCascio's statement on their dedication to addressing inequality in the cannabis space.

Greenlane Holdings (Nasdaq: GNLN) has renewed its exclusive distribution partnership with PAX Labs, a leading cannabis vaporizer brand. This agreement allows Greenlane to continue distributing all PAX devices across the U.S., utilizing its network of over 11,000 retail locations. This strategic collaboration highlights Greenlane's commitment to delivering premium cannabis experiences while expanding PAX’s market reach in both adult use and medical sectors.

Greenlane's CEO noted the importance of this partnership, emphasizing the innovative nature of PAX products.

Greenlane Holdings (NASDAQ: GNLN) launches vapor.com Canada, enhancing its e-commerce capabilities for Canadian customers. This platform offers economical shipping and features both English and French translations. Following a growth trend in cannabis sales, which reached $244.9 million CAD in August (up 5.2% from July), Greenlane aims to provide an exceptional shopping experience. Holiday promotions will be active from 11/23 to 12/4, coinciding with Black Friday and Cyber Monday to attract more customers.

Greenlane Holdings (Nasdaq: GNLN) announces the launch of the Stündenglass Gravity Hookah in U.S. markets through a retail partnership, with plans for availability in Canada and the EU in Q4. This innovative, gravity-powered smoking accessory utilizes a 360-degree system for a hands-free experience, accommodating hookah, dry herb, and concentrates. The Gravity Hookah features a 3-foot magnetic hose, aluminum bowl, and is dishwasher-safe for easy maintenance. Greenlane aims to elevate consumer experiences with this cutting-edge product, responding to significant demand in the market.

Greenlane Holdings reported Q3 2020 financial results, showing core revenue growth of 36% to $32.3 million compared to Q3 2019. Greenlane Brands grew 65% to $5.6 million. Total revenue rose 10% sequentially to $35.8 million. The company implemented G&A cuts, targeting annual savings of $5 million. Cash reserves stand at $40 million. Despite a net loss of $13.8 million, adjusted net loss improved to $6.9 million. Greenlane is focused on transitioning to high-margin products and anticipates a return to profitability in early 2021.

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.