GNLN on Nasdaq
Greenlane Holdings, Inc.
American wholesale-durable goods company based in Boca Raton. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerGNLN on Nasdaq1
- IndustryWholesale-Durable Goods, NEC1
- HeadquartersBoca Raton, Florida1
- Incorporated inDE2
- Business address4800 N Federal Hwy, Suite B200, Boca Raton, Fl 334312
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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(the “Board”) created a Digital Assets Committee to oversee our Treasury Policy.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United States brought in 100% of the revenue Greenlane Holdings, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $10.9M | $4.4M |
| CA [member] | $157.0K | $4.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue100¢$16.8M
- Income tax0¢$7.0K
Out of $4.4M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net revenue | $4.4M | $13.3M |
| Cost of sales | $16.8M | $7.0M |
| Gross (loss) profit | -$12.5M | $6.3M |
| Salaries, benefits and payroll taxes | $9.9M | $7.4M |
| Stock based compensation strategic advisory warrants | $18.6M | |
| General and administrative | $10.6M | $9.8M |
| Restructuring expenses | $1.5M | |
| Impairment of property, plant and equipment | $650.0K | $153.0K |
| Depreciation and amortization | $493.0K | $800.0K |
| Total operating expenses | $41.8M | $18.1M |
| Loss from operations | -$54.2M | -$11.8M |
| Interest expense | -$394.0K | -$5.9M |
| Change in fair value of contingent consideration | $1.0M | |
| Change in fair value of digital assets | -$31.1M | |
| Loss on extinguishment of debt | -$876.0K | |
| Other expense, net | $213.0K | -$25.0K |
| Total other expense, net | -$31.3M | -$5.8M |
| Loss before income taxes | -$85.6M | -$17.7M |
| Provision for income taxes | $7.0K | |
| Net loss | -$85.6M | -$17.7M |
| Less: Net loss attributable to non-controlling interest | -$17.0K | |
| Net loss attributable to Greenlane Holdings, Inc. | -$85.6M | -$17.6M |
| Net loss attributable to Class A common stock per share - basic | -$11.42 | -$14.56 |
| Net loss attributable to Class A common stock per share - diluted | -$11.42 | -$14.56 |
| Weighted-average shares of Class A common stock outstanding - basic | 7.5M shares | 1.2M shares |
| Weighted-average shares of Class A common stock outstanding - dilued | 7.5M shares | 1.2M shares |
| Foreign currency translation adjustments | $20.0K | |
| Comprehensive loss | -$85.6M | -$17.6M |
| Less: comprehensive loss attributable to non-controlling interest | -$17.0K | |
| Comprehensive loss attributable to Greenlane Holdings, Inc. | -$85.6M | -$17.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $32.5M | $899.0K | |
| Accounts receivable, net of allowance of $1,511 and $2,616 at December 31, 2025 and 2024, respectively | $1.6M | $4.3M | |
| Inventories, net | $14.2M | ||
| Vendor deposits | $3.1M | ||
| Other current assets (Note 8) | $2.0M | $1.3M | |
| Total current assets | $36.1M | $23.8M | |
| Property and equipment, net | $253.0K | $1.4M | |
| Operating lease right-of-use assets | $144.0K | $1.0M | |
| Digital assets | $36.6M | ||
| Other assets | $1.9M | $2.4M | |
| Total assets | $74.9M | $28.6M | |
| Accounts payable | $5.4M | $9.8M | |
| Accrued expenses and other current liabilities (Note 8) | $1.6M | $1.2M | |
| Customer deposits | $2.7M | ||
| Notes payable | $7.7M | ||
| Current portion of operating leases | $166.0K | $926.0K | |
| Total current liabilities | $7.2M | $22.3M | |
| Operating leases, less current portion | $83.0K | ||
| Total liabilities | $7.2M | $22.3M | |
| Additional paid-in capital | $428.1M | $281.1M | |
| Accumulated deficit | -$360.5M | -$274.9M | |
| Accumulated other comprehensive income | $265.0K | $265.0K | |
| Total stockholders equity attributable to Greenlane Holdings, Inc. | $67.9M | $6.4M | |
| Non-controlling interest | -$149.0K | -$149.0K | |
| Total stockholders equity | $67.7M | $6.3M | $11.0M |
| Total liabilities and stockholders equity | $74.9M | $28.6M | |
| Accounts receivable, net of allowance | $1.5M | $2.6M | $4.3M |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $32.5M | $899.0K | |
| Accounts receivable, net of allowance of $1,511 and $2,616 at December 31, 2025 and 2024, respectively | $1.6M | $4.3M | |
| Inventories, net | $14.2M | ||
| Vendor deposits | $3.1M | ||
| Other current assets (Note 8) | $2.0M | $1.3M | |
| Total current assets | $36.1M | $23.8M | |
| Property and equipment, net | $253.0K | $1.4M | |
| Operating lease right-of-use assets | $144.0K | $1.0M | |
| Digital assets | $36.6M | ||
| Other assets | $1.9M | $2.4M | |
| Total assets | $74.9M | $28.6M | |
| Accounts payable | $5.4M | $9.8M | |
| Accrued expenses and other current liabilities (Note 8) | $1.6M | $1.2M | |
| Customer deposits | $2.7M | ||
| Notes payable | $7.7M | ||
| Current portion of operating leases | $166.0K | $926.0K | |
| Total current liabilities | $7.2M | $22.3M | |
| Operating leases, less current portion | $83.0K | ||
| Total liabilities | $7.2M | $22.3M | |
| Additional paid-in capital | $428.1M | $281.1M | |
| Accumulated deficit | -$360.5M | -$274.9M | |
| Accumulated other comprehensive income | $265.0K | $265.0K | |
| Total stockholders equity attributable to Greenlane Holdings, Inc. | $67.9M | $6.4M | |
| Non-controlling interest | -$149.0K | -$149.0K | |
| Total stockholders equity | $67.7M | $6.3M | $11.0M |
| Total liabilities and stockholders equity | $74.9M | $28.6M | |
| Accounts receivable, net of allowance | $1.5M | $2.6M | $4.3M |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$85.6M | -$17.7M |
| Depreciation and amortization | $493.0K | $800.0K |
| Stock-based compensation expense | $4.8M | $86.0K |
| Strategic advisory warrants | $18.6M | |
| Change in fair value of contingent consideration | -$1.0M | |
| Change in provision for credit losses | $2.0M | $245.0K |
| Loss on disposal of fixed assets | $121.0K | $215.0K |
| Loss on extinguishment of debt | $876.0K | |
| Write-off of vendor deposits, accrued liabilities and customer deposits | -$571.0K | |
| Impairment of inventory | $6.3M | |
| Impairment of property and equipment | $650.0K | $153.0K |
| Change in fair value of digital assets | $31.1M | |
| Amortization of deferred financing costs and debt discount | $284.0K | $4.9M |
| Other | $57.0K | $171.0K |
| (Increase) decrease in accounts receivable | $716.0K | -$2.8M |
| Decrease in inventories | $9.7M | $6.3M |
| Decrease in vendor deposits | $674.0K | |
| Decrease in other assets | -$193.0K | $3.5M |
| Decrease in accounts payable | -$5.2M | -$2.3M |
| Decrease in accrued expenses and other liabilities | $409.0K | -$841.0K |
| Decrease in customer deposits | -$114.0K | |
| Net cash and cash equivalents used in operating activities | -$16.3M | -$6.8M |
| Purchase of property and equipment, net | -$98.0K | -$244.0K |
| Purchase of Digital Assets - BERA | -$8.2M | |
| Net cash and cash equivalents used in investing activities | -$8.3M | -$244.0K |
| Proceeds from issuance of Class A common stock, net of issuance costs | $20.7M | $5.6M |
| Proceeds from exercise of stock options and warrants, net of costs | $43.3M | $1.8M |
| Repayment of loan against future accounts receivable | -$939.0K | |
| Proceeds from future receivables financing | $225.0K | |
| Repayments of notes payable | -$8.0M | -$2.3M |
| Proceeds from notes payable | $3.0M | |
| Other | -$1.0K | |
| Net cash and cash equivalents provided by financing activities | $56.1M | $7.4M |
| Effects of exchange rate changes on cash and cash equivalents | $3.0K | |
| Net increase in cash and cash equivalents | $31.6M | $436.0K |
| Cash paid during the period for interest | $107.0K | $916.0K |
| Fair value of common stock warrants issued as a debt discount | $1.7M | |
| Extinguishment of debt in connection with Synergy Asset purchase agreement | $2.7M | |
| Digital assets exchanged for Class A common stock and warrants | $59.5M | |
| Issuance of Class A Warrants | $3.7M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Greenlane Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerJason Hitchcock Mar 6, 2026 to now13
- Chief executive officerBarbara Sher Aug 8, 2024 to Mar 6, 202614
- Chief executive officerNicholas Kovacevich Sep 2, 2021 to Mar 10, 202215
- Chief executive officerAaron Locascio Apr 18, 2019 to Jun 25, 202116
- PresidentAaron Locascio Sep 2, 2021 to Nov 18, 202117
- Chief financial officerVanessa Guzman-Clark Mar 17, 2026 to now18
- Chief financial officerEthan Rudin Apr 18, 2019 to Apr 23, 201919
- Chief operating officerOliveira Rodrigo De Sep 2, 2021 to Mar 10, 202220
- Chief operating officerWilliam J. Bine Aug 27, 2020 to Jun 25, 202121
- Chief operating officerJay M. Scheiner Apr 18, 2019 to May 1, 201922
Board members and other officers (22)
- Chief Investment OfficerBen Isenberg Oct 27, 2025 to now23
- Chief Accounting OfficerDarsh Dahya Apr 20, 2022 to Apr 20, 202224
- OfficerLana Reeve Dec 16, 2022 to Dec 16, 202225
- Vice President of FinanceDawn Marie Cavanagh Aug 10, 2020 to Aug 10, 202026
- OfficerMichael Cellucci Oct 1, 2020 to Sep 9, 202127
- Chief Strategy OfficerAdam Schoenfeld Apr 18, 2019 to Mar 29, 202228
- Chief Marketing OfficerSasha Kadey Apr 18, 2019 to May 1, 201929
- Board memberJonathan Hue-Fay Ip Feb 4, 2026 to now30
- Board memberMichael C. Howe Oct 23, 2025 to now31
- Board memberBruce Linton Nov 3, 2025 to now32
- Board memberWilliam Levy Nov 6, 2025 to now33
- Board memberGina Collins Oct 26, 2023 to Oct 26, 202334
- Board memberRenah Persofsky Apr 13, 2022 to now35
- Board memberDallas Imbimbo Sep 2, 2021 to Jan 7, 202236
- Board memberDonald H. Hunter Sep 2, 2021 to now37
- Board memberNicholas Kovacevich Sep 2, 2021 to Mar 10, 202215
- Board memberAaron Locascio Apr 18, 2019 to Aug 3, 202216
- Board memberAdam Schoenfeld Apr 18, 2019 to Dec 16, 202228
- Board memberJeffrey J. Uttz Apr 18, 2019 to Dec 16, 202238
- Board memberNeil Closner Apr 18, 2019 to Jun 25, 202139
- Board memberRichard Taney Apr 18, 2019 to Jan 7, 202240
- General counselDouglas H. Fischer Mar 26, 2020 to Mar 10, 202241
Timeline
Filings
308 filings to the SEC since October 2021: 8 annual reports, 19 quarterly reports, 110 major events, 78 insider forms, 18 large holders, 1 private raises, 74 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 7, 20268-K EDGAR
- Sep 10, 20264 EDGAR
- Sep 1, 20268-K EDGAR
- Aug 24, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 20268-K EDGAR
- May 15, 202610-Q EDGAR
- May 15, 20268-K EDGAR
- Apr 30, 202610-K/A EDGAR
- Apr 27, 20268-K EDGAR
- Apr 9, 20268-K EDGAR
- Apr 6, 20268-K EDGAR
- Apr 2, 20264 EDGAR
- Apr 1, 20268-K EDGAR
- Mar 31, 20268-K EDGAR
- Mar 31, 202610-K EDGAR
- Mar 30, 20268-K EDGAR
- Mar 25, 20268-K EDGAR
- Mar 17, 20264 EDGAR
The 308 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
31 open-market trades by officers, directors and large owners since October 2021: 1 buys and 30 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 22, 2023 | Snyder Craig A.Chief Executive Officer | Buy | 1,200 | $0.32 | $384 | Form 4 |
| Dec 15, 2022 | UTTZ JEFFREY JDirector | Sale | 1,800 | $0.45 | $810 | Form 4 |
| May 13, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.33 | $10.9K | Form 4 |
| May 6, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.36 | $11.9K | Form 4 |
| Apr 29, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.35 | $11.6K | Form 4 |
| Apr 22, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.38 | $12.5K | Form 4 |
| Apr 14, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.44 | $14.5K | Form 4 |
| Apr 8, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.44 | $14.5K | Form 4 |
| Apr 1, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.54 | $17.8K | Form 4 |
| Mar 25, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.70 | $23.1K | Form 4 |
| Mar 18, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.50 | $16.5K | Form 4 |
| Mar 11, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.48 | $15.8K | Form 4 |
| Mar 4, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.49 | $16.2K | Form 4 |
| Feb 25, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.54 | $17.8K | Form 4 |
| Feb 18, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.59 | $19.5K | Form 4 |
| Feb 11, 2022 | Schoenfeld AdamDirector | Sale | 33,000 | $0.68 | $22.4K | Form 4 |
| Dec 30, 2021 | Schoenfeld AdamDirector | Sale | 38,200 | $0.96 | $36.7K | Form 4 |
| Dec 29, 2021 | Mote William E. JrChief Financial Officer | Sale | 15,475 | $0.94 | $14.5K | Form 4 |
| Dec 23, 2021 | Schoenfeld AdamDirector | Sale | 38,200 | $1.01 | $38.6K | Form 4 |
| Dec 17, 2021 | Schoenfeld AdamDirector | Sale | 38,200 | $1.05 | $40.1K | Form 4 |
All 31 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Altium Capital Management LLCSCHEDULE 13G/A, 2 filings Feb 28, 2025 to Aug 14, 202542
- Ayrton Capital LLCSCHEDULE 13G/A, 2 filings May 14, 2025 to Aug 13, 202543
- Empery Asset Management, LPSCHEDULE 13G/A, 3 filings Oct 16, 2024 to Jul 24, 202544
- L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 2 filings Feb 24, 2025 to May 15, 202545
- S.H.N. Financial Investments Ltd.SCHEDULE 13G/A, 2 filings Feb 24, 2025 to May 15, 202546
- ARMISTICE CAPITAL, LLCSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202447
- Hudson Bay Capital Management LPSC 13G/A, 3 filings Feb 8, 2023 to Nov 8, 202448
- Walleye Capital LLCSC 13G/A, 2 filings Feb 15, 2023 to Feb 14, 202449
Money raised
Private offerings the company reported to the SEC on Form D.
- Aug 13, 2024Raised $6.5 million in a private offering of equity Form D: 3 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Yorkville Advisors Global, LP | 25,000 | $60.5K | 0.1% | New |
| Tower Research Capital LLC (TRC) | 1,496 | $3.6K | 0.0% | New |
| Vanguard Capital Management LLC | 1,282 | $3.1K | 0.0% | New |
| Citigroup Inc | 1,086 | $2.6K | 0.0% | New |
| SBI Securities Co., Ltd. | 1 | $2 | 0.0% | −9 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARAaron Locascio, President
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- 19SEC EDGAREthan Rudin, Chief financial officer
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- 25SEC EDGARLana Reeve, Officer
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- 27SEC EDGARMichael Cellucci, Officer
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- 29SEC EDGARSasha Kadey, Chief Marketing Officer
- 30SEC EDGARJonathan Hue-Fay Ip, Board member
- 31SEC EDGARMichael C. Howe, Board member
- 32SEC EDGARBruce Linton, Board member
- 33SEC EDGARWilliam Levy, Board member
- 34SEC EDGARGina Collins, Board member
- 35SEC EDGARRenah Persofsky, Board member
- 36SEC EDGARDallas Imbimbo, Board member
- 37SEC EDGARDonald H. Hunter, Board member
- 38SEC EDGARJeffrey J. Uttz, Board member
- 39SEC EDGARNeil Closner, Board member
- 40SEC EDGARRichard Taney, Board member
- 41SEC EDGARDouglas H. Fischer, General counsel
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