STOCK TITAN

Greenlane: Philip J. von Kahle to liquidate unit assets

The assignments do not release the subsidiaries from liabilities, while their assets are subject to court-supervised liquidation.

(Very High)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Greenlane Holdings, Inc. reported that four direct or indirect subsidiaries—Greenlane Holdings, LLC, Warehouse Goods LLC, KIM International, LLC and Kush Supply Co. LLC—executed irrevocable assignments for the benefit of creditors on September 30, 2026. Assignee Philip J. von Kahle filed a proceeding for each subsidiary on October 9, 2026, and the court assumed jurisdiction over each subsidiary’s assets that day. Under Chapter 727 of the Florida Statutes, von Kahle is responsible for liquidating the assets and distributing proceeds to each subsidiary’s creditors under court supervision; the assignments do not release the subsidiaries from their liabilities. As of October 9, 2026, the proceedings had not been consolidated and no judge had been assigned. The assignee is seeking one consolidated docket, with Warehouse Goods LLC as the lead case.

0 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

1 major · 1 point

How the balance works

Positive

  • None.

Negative

  • Major pointFour subsidiaries entered court-supervised assignment proceedings October 9, 2026.

Insights

Analyzing...

Item 1.03 Bankruptcy or Receivership Business
The company or a significant subsidiary has filed for bankruptcy or entered receivership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Subsidiaries in assignment proceedings 4 subsidiaries Four Assignors are named in the proceedings.
Assignment date September 30, 2026 Each Assignor executed an irrevocable assignment on this date.
Petition date October 9, 2026 A proceeding was commenced for each Assignor on this date.
assignment for the benefit of creditors regulatory
"irrevocable assignment for the benefit of creditors"
A legal procedure where an insolvent company transfers its assets to a neutral third party (the assignee) who sells those assets and distributes the proceeds to creditors according to local law, as an out-of-court alternative to formal bankruptcy. It matters to investors because it signals creditor priority and likely recovery amounts and timing—like handing your belongings to a trustee to sell them and divide the cash among people you owe, rather than going through a court-administered bankruptcy.
Assignee regulatory
"The Assignee is responsible for liquidating the assets"
consolidated docket regulatory
"administered under a single consolidated docket"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which GNLN subsidiaries entered assignment proceedings?

Greenlane Holdings, LLC, Warehouse Goods LLC, KIM International, LLC and Kush Supply Co. LLC had proceedings commenced on October 9, 2026, after each executed an assignment on September 30, 2026.

Have the GNLN subsidiary assignment proceedings been consolidated?

The proceedings had not been consolidated as of October 9, 2026, and a judge had not been assigned. The assignee is seeking a single consolidated docket, with Warehouse Goods LLC as the lead case.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 9, 2026

 

GREENLANE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-38875   83-0806637

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

4800 N Federal Hwy, Suite B200

Boca Raton, FL 33431

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (877) 292-7660

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock, $0.01 par value per share   GNLN   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 1.03 Bankruptcy or Receivership.

 

As previously reported in the Current Report on Form 8-K filed by Greenlane Holdings, Inc. (the “Company”) on October 7, 2026 (the “Prior Report”), on September 30, 2026, Greenlane Holdings, LLC, Warehouse Goods LLC, KIM International, LLC and Kush Supply Co. LLC (collectively, the “Assignors”), each a direct or indirect subsidiary of the Company, each executed an irrevocable assignment for the benefit of creditors under Chapter 727 of the Florida Statutes (collectively, the “Assignments”) in favor of Philip J. von Kahle (the “Assignee”), and the Assignee accepted each Assignment on that date.

 

On October 9, 2026, the Assignee filed a petition commencing an assignment proceeding for each Assignor in the Circuit Court of the Eleventh Judicial Circuit in and for Miami-Dade County, Florida, Complex Business Division (the “Court”), and the Court assumed jurisdiction over the assets of each Assignor on that date. The proceedings are as follows:

 

Assignor  Date of Assignment  Date Petition Filed  Case Number
Warehouse Goods LLC  September 30, 2026  October 9, 2026  2026-020549-CA-01
Greenlane Holdings, LLC  September 30, 2026  October 9, 2026  2026-020550-CA-01
KIM International, LLC  September 30, 2026  October 9, 2026  2026-020551-CA-01
Kush Supply Co. LLC  September 30, 2026  October 9, 2026  2026-020552-CA-01

 

The Assignee is seeking to have the four proceedings administered under a single consolidated docket, with the Warehouse Goods LLC proceeding as the lead case. As of the date of this Current Report on Form 8-K, the proceedings have not been consolidated and a judge has not been assigned.

 

The Assignee is responsible for liquidating the assets of the Assignors and distributing the proceeds to the creditors of each Assignor in accordance with Chapter 727 of the Florida Statutes, under the supervision of the Court. The Assignments do not release the Assignors from their liabilities. Additional information regarding the Assignments and the related deconsolidation is set forth in the Prior Report.

 

Cautionary Note Regarding Forward Looking Statements

 

This Current Report on Form 8-K contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the administration and outcome of the assignment proceedings. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including actions of the Assignee, the Court and creditors of the Assignors, claims that may be asserted against the Company or its remaining subsidiaries in connection with the Assignors or their liabilities, and the risks described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and its subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward looking statement, except as required by law.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

GREENLANE HOLDINGS, INC.  
     
Date: October 15, 2026  
   
By: /s/ Vanessa Guzmán-Clark  
Name: Vanessa Guzmán-Clark  
Title: Chief Financial Officer  

 

 

 

Filing Exhibits & Attachments

3 documents

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