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) generates news across two distinct but connected areas: its long-standing role as a global seller of premium cannabis accessories and related products, and its more recent focus as a Berachain-focused digital asset treasury company. Company press releases and SEC filings show that Greenlane issues frequent updates on its operating performance, strategic initiatives, and capital markets activity.
On this page, readers can follow Greenlane’s announcements regarding its distribution business, including developments in premium smoking accessories, vape devices, lifestyle products, child-resistant packaging, and specialty vaporization products. The company has reported initiatives such as restructuring its sales organization, entering and renewing distribution agreements, and expanding into harm reduction offerings like fentanyl and drink spike detection test strips through its wholesale and e-commerce platforms.
Greenlane’s news flow also reflects its transition into the digital asset space. In 2025, the company announced a Berachain cryptocurrency treasury strategy built around the BERA token, along with a large private placement involving cash, stablecoins, and BERA. Subsequent releases have provided updates on BERA holdings, staking activity, and the formation of a Digital Assets Committee and a Chief Investment Officer role to oversee this strategy.
Investors and observers can expect coverage of quarterly and annual financial results, reverse stock split actions related to Nasdaq listing requirements, board and executive appointments, and ongoing disclosures about the company’s Berachain-focused treasury operations. For those tracking GNLN, this news feed offers a centralized view of Greenlane’s progress as it balances its legacy distribution operations with its evolving digital asset treasury model.
Greenlane Holdings (NASDAQ:GNLN) has announced a three-year distribution agreement with GreenDirect, LLC to distribute its proprietary Greenlane Brands in Puerto Rico. This exclusive arrangement empowers GreenDirect to market and sell Greenlane's products to retailers for resale. The partnership allows Greenlane to enter the growing Puerto Rican market without establishing its own operations. Craig Snyder, Greenlane's President, emphasized that this strategy will help scale their brands in the region.
Greenlane Holdings (NASDAQ:GNLN) has launched Groove, a new brand offering affordable and high-quality cannabis accessories. This strategic addition aims to fill marketplace gaps and drive growth and profitability. Groove's product line includes a variety of everyday cannabis items such as glass and silicone pipes, dab pens, and vaporizer batteries, all developed by industry experts. The launch aligns with Greenlane's goal to become a leading brand family in the ancillary cannabis industry. More details about Groove can be found at www.smokegroove.com.
Greenlane Holdings (NASDAQ:GNLN) has announced a strategic distribution partnership with AUXO, a vaporization brand from SMOORE. This collaboration will enhance Greenlane's product offerings, focusing on innovative vaporizers like Cenote, Calent, and Cira, backed by CCELL's patented technology. The partnership aims to deliver high-margin sales and expand market reach, leveraging unique features such as smartphone app compatibility. Greenlane continues to solidify its position as a leading global platform for premium cannabis accessories.
Greenlane Holdings (NASDAQ:GNLN) announced a significant management change, with Craig Snyder becoming CEO on January 1, 2023. He will succeed Nick Kovacevich, who transitions to Chief Corporate Development while remaining on the board. This move aims to facilitate Greenlane's transition to a consumer brands company within the cannabis industry. The company is also exploring changes to its board, seeking candidates with relevant skills in CPG and technology to support its growth strategy. The management change is seen as pivotal in navigating current market conditions.
Greenlane Holdings (NASDAQ:GNLN) has announced the sale of its headquarters building in Boca Raton, Florida, for $9,950,000, closing on September 22, 2022. This move aligns with the company's liquidity plan, allowing Greenlane to transition operations to Suite 100 in the same building. CEO Nick Kovacevich emphasized the need for cost optimization in a hybrid work environment, stating that maintaining a large headquarters is no longer viable. Greenlane continues to focus on enhancing its scalability and efficiency amidst challenging market conditions.
Greenlane Holdings (NASDAQ:GNLN) has launched an enhanced wholesale shopping experience on its new website, wholesale.greenlane.com. This platform provides 24/7 access to thousands of products across Greenlane's own and third-party brands. The initiative is part of Greenlane's growth strategy aimed at boosting sales and profitability while improving efficiency. Customers can now enjoy a streamlined user experience, including features for order management and real-time shipping rates. President Craig Snyder emphasizes this as a commitment to customer service.
Greenlane Holdings (NASDAQ:GNLN) announced on August 30, 2022, that it has regained compliance with Nasdaq's minimum bid price requirement. The company received notice from Nasdaq confirming that its Class A common stock maintained a closing bid price above $1.00 for 11 consecutive trading days as of August 24, 2022. Previously, Greenlane had been notified of non-compliance on February 25, 2022, but has successfully rectified this issue, allowing its stock to remain listed on the Nasdaq Global Market.
Greenlane Holdings (GNLN) announced its financial results for Q2 2022, showing a 15% increase in revenue to $39.9M, with a total of $86.5 million for the first half, a 25.8% growth year-over-year. The net loss narrowed to $2.27 per share from $3.23 in Q2 2021. The company plans to sell its packaging division, reallocating resources to its consumer brands strategy. Additionally, new leadership appointments aim to streamline operations, alongside a secured $15 million credit facility and ongoing cost-cutting measures.
Greenlane Holdings (NASDAQ:GNLN) announced the closure of a $15 million asset-based loan to enhance its working capital and support strategic initiatives. The loan, set for a term of three years, aims to aid Greenlane in reducing costs and accelerating profitability without diluting shareholder equity. CEO Nick Kovacevich highlighted the company's progress towards its strategic shift and its unique position within the cannabis ecosystem. Greenlane serves over 8,000 retail locations, showcasing a strong brand portfolio in the cannabis accessory market.
Greenlane Holdings (Nasdaq:GNLN) announced a one-for-20 reverse stock split to take effect on August 9, 2022. This move aims to comply with Nasdaq's minimum bid price requirements, reducing the number of Class A shares from approximately 137.5 million to about 6.9 million and Class B shares from 5.2 million to 260,000. The stock will begin trading post-split on August 10, 2022, under the existing symbol GNLN. The split will not change any shareholder's percentage interest, though fractional shares will be paid in cash.