Greenlane Holdings (GNLN)
Market Price (10/31/2026): $1.57 | Market Cap: $1.1 MilSector: Consumer Staples | Industry: Tobacco
Greenlane Holdings (GNLN)
Market Price (10/31/2026): $1.57Market Cap: $1.1 MilSector: Consumer StaplesIndustry: Tobacco
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -211% Megatrend and thematic driversMegatrends include Cannabis & Alternative Lifestyle Products. Themes include Cannabis Accessories & Ancillaries, CBD & Hemp Products, and Vaporization Technologies. | Weak multi-year price returns2Y Excs Rtn is -133%, 3Y Excs Rtn is -185% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -54 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2070% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -67%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -70%, Rev Chg QQuarterly Revenue Change % is -90% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 931% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -588%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -900% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 460% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1826% High stock price volatilityVol 12M is 141% Key risksGNLN key risks include [1] a high probability of bankruptcy driven by substantial losses and severe operational inefficiencies, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -211% |
| Megatrend and thematic driversMegatrends include Cannabis & Alternative Lifestyle Products. Themes include Cannabis Accessories & Ancillaries, CBD & Hemp Products, and Vaporization Technologies. |
| Weak multi-year price returns2Y Excs Rtn is -133%, 3Y Excs Rtn is -185% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -54 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2070% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -67%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -70%, Rev Chg QQuarterly Revenue Change % is -90% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 931% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -588%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -900% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 460% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1826% |
| High stock price volatilityVol 12M is 141% |
| Key risksGNLN key risks include [1] a high probability of bankruptcy driven by substantial losses and severe operational inefficiencies, Show more. |
Qualitative Assessment
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Greenlane Holdings (GNLN) stock has lost about 35% since 6/30/2026 because of the following key factors:
1. Poor Fiscal Q2 2026 Financial Performance. Greenlane reported significantly lower-than-expected revenue for fiscal Q2 2026 (ended June 30, 2026), with actual revenue at $0.08 million compared to analyst estimates of $35.56 million. This substantial revenue miss, announced on August 14, 2026, indicated ongoing operational struggles in its traditional business segments.
2. Liquidation of Subsidiaries and Further Restructuring. In October 2026, Greenlane announced that four of its subsidiaries initiated liquidation proceedings by assigning assets to an assignee. The company intends to deconsolidate these entities from its financial statements as of September 30, 2026, signifying a major reduction in traditional operating assets and a winding down of its legacy distribution business.
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Greenlane Holdings (GNLN) stock has lost about 35% since 6/30/2026 because of the following key factors:
1. Poor Fiscal Q2 2026 Financial Performance. Greenlane reported significantly lower-than-expected revenue for fiscal Q2 2026 (ended June 30, 2026), with actual revenue at $0.08 million compared to analyst estimates of $35.56 million. This substantial revenue miss, announced on August 14, 2026, indicated ongoing operational struggles in its traditional business segments.
2. Liquidation of Subsidiaries and Further Restructuring. In October 2026, Greenlane announced that four of its subsidiaries initiated liquidation proceedings by assigning assets to an assignee. The company intends to deconsolidate these entities from its financial statements as of September 30, 2026, signifying a major reduction in traditional operating assets and a winding down of its legacy distribution business.
3. Continued Strategic Shift and Volatility of Digital Asset Treasury. Greenlane continued its strategic reorientation towards a Berachain-focused digital asset treasury, a strategy initiated in October 2025. This shift introduces significant exposure to the volatile digital asset market, as previously evidenced by a $31.1 million loss on the change in fair value of BERA holdings recognized in fiscal year 2025. The company reaffirmed its long-term BERA accumulation strategy in July 2026, highlighting an ongoing pivot away from its historical core business.
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Stock Movement Drivers
Fundamental Drivers
The -32.6% change in GNLN stock from 6/30/2026 to 10/30/2026 was primarily driven by a -87.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302026 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.42 | 1.63 | -32.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 3 | -21.2% |
| P/S Multiple | 0.4 | 2.5 | 585.4% |
| Shares Outstanding (Mil) | 1 | 4 | -87.5% |
| Cumulative Contribution | -32.6% |
Market Drivers
6/30/2026 to 10/30/2026| Return | Correlation | |
|---|---|---|
| GNLN | -32.6% | |
| Market (SPY) | 1.2% | 5.7% |
| Sector (XLP) | 7.6% | -6.4% |
Fundamental Drivers
The -44.9% change in GNLN stock from 3/31/2026 to 10/30/2026 was primarily driven by a -85.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.96 | 1.63 | -44.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 3 | -39.7% |
| P/S Multiple | 0.4 | 2.5 | 519.4% |
| Shares Outstanding (Mil) | 1 | 4 | -85.3% |
| Cumulative Contribution | -44.9% |
Market Drivers
3/31/2026 to 10/30/2026| Return | Correlation | |
|---|---|---|
| GNLN | -44.9% | |
| Market (SPY) | 16.5% | 15.7% |
| Sector (XLP) | 9.8% | -3.3% |
Fundamental Drivers
The -94.8% change in GNLN stock from 9/30/2025 to 10/30/2026 was primarily driven by a -96.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302025 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.44 | 1.63 | -94.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 3 | -67.0% |
| P/S Multiple | 0.5 | 2.5 | 409.2% |
| Shares Outstanding (Mil) | 0 | 4 | -96.9% |
| Cumulative Contribution | -94.8% |
Market Drivers
9/30/2025 to 10/30/2026| Return | Correlation | |
|---|---|---|
| GNLN | -94.8% | |
| Market (SPY) | 14.4% | 19.7% |
| Sector (XLP) | 16.5% | -0.2% |
Fundamental Drivers
The -100.0% change in GNLN stock from 9/30/2023 to 10/30/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302023 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 46860.00 | 1.63 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 94 | 3 | -97.2% |
| P/S Multiple | 0.0 | 2.5 | 21192.5% |
| Shares Outstanding (Mil) | 0 | 4 | -100.0% |
| Cumulative Contribution | -100.0% |
Market Drivers
9/30/2023 to 10/30/2026| Return | Correlation | |
|---|---|---|
| GNLN | -100.0% | |
| Market (SPY) | 82.9% | 4.6% |
| Sector (XLP) | 40.0% | 2.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GNLN Return | -76% | -99% | -82% | -71% | -100% | -87% | -100% |
| Peers Return | 2534% | -53% | 30% | 54% | 7% | -31% | 1741% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| GNLN Win Rate | 25% | 8% | 25% | 25% | 25% | 30% | |
| Peers Win Rate | 33% | 29% | 58% | 53% | 56% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GNLN Max Drawdown | -88% | -99% | -91% | -92% | -100% | -88% | |
| Peers Max Drawdown | -46% | -62% | -33% | -37% | -48% | -53% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TPB, HITI, ISPR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/30/2026 (YTD)
How Low Can It Go
| Event | GNLN | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.3% | -7.8% |
| % Gain to Breakeven | 33.8% | 8.5% |
| Time to Breakeven | 2 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -49.4% | -9.5% |
| % Gain to Breakeven | 97.6% | 10.5% |
| Time to Breakeven | 259 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.6% | -33.7% |
| % Gain to Breakeven | 115.7% | 50.9% |
| Time to Breakeven | 42 days | 140 days |
In The Past
Greenlane Holdings's stock fell -25.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 33.8% gain to breakeven.
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Asset Allocation
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| Event | GNLN | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.3% | -7.8% |
| % Gain to Breakeven | 33.8% | 8.5% |
| Time to Breakeven | 2 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -49.4% | -9.5% |
| % Gain to Breakeven | 97.6% | 10.5% |
| Time to Breakeven | 259 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.6% | -33.7% |
| % Gain to Breakeven | 115.7% | 50.9% |
| Time to Breakeven | 42 days | 140 days |
In The Past
Greenlane Holdings's stock fell -25.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 33.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Greenlane Holdings (GNLN)
Greenlane Holdings, Inc. (GNLN) is a company specializing in the development and distribution of products for the cannabis and vaporization industries. It operates through two key segments, Consumer Goods and Industrial Goods, reflecting its role in supplying both direct-to-consumer and business-to-business markets.
The company's primary product offerings include a wide array of consumption accessories such as vaporizers, pipes, rolling papers, grinders, bubblers, and rigs. Greenlane also provides essential child-resistant packaging solutions and various vape products. It manages a portfolio of popular brands like VIBES rolling papers, Marley Natural accessories, Aerospaced & Groove grinders, K. Haring Glass Collections, Eyce silicone pipes, Higher Standards, and DaVinci vaporizers. Beyond wholesale, Greenlane directly serves consumers through several owned e-commerce websites, including Vapor.com and DaVincivaporizer.com.
Greenlane Holdings primarily serves a broad network of over 8,500 smoke shops, cannabis dispensaries, and specialty retailers across the United States, Canada, and Europe. In addition to these retail channels, its direct-to-consumer e-commerce platforms allow it to reach individual customers, offering a comprehensive market presence for its diverse range of cannabis and lifestyle products.
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Analogy 1: Amazon for cannabis accessories and vape products.
Analogy 2: Nike for cannabis lifestyle products and accessories.
Analogy 3: Grainger for cannabis accessories and packaging.
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- Cannabis Consumption Accessories: The company distributes a wide array of products for cannabis consumption, including pipes, bubblers, rigs, and other smoking and vaporization related accessories and merchandise.
- Vaporizers: Greenlane offers various vaporizing devices for cannabis and other substances, featuring brands such as DaVinci.
- Rolling Papers: The company provides a selection of rolling papers for cannabis use, including its VIBES brand.
- Grinders: They distribute devices used for grinding cannabis, with brands like Aerospaced & Groove.
- Child-Resistant Packaging: Greenlane develops and distributes specialized packaging solutions designed to be child-resistant, under brands like Pollen Gear.
- Lifestyle Products: The company offers various lifestyle merchandise, including apparel lines and other brand-specific items from collections like Marley Natural and Higher Standards.
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- Canopy Growth Corporation (Symbol: CGC)
- Pax Labs, Inc.
- Grenco Science
- DaVinci Global, LLC
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Jason Hitchcock, Chief Executive Officer
Jason Hitchcock was appointed Chief Executive Officer of Greenlane Holdings, Inc. effective February 18, 2026. He is a technology executive with over 15 years of experience building and scaling revenue engines across SaaS, blockchain infrastructure, and decentralized finance. Mr. Hitchcock most recently served as Head of Business Development at thirdweb, a leading open-source Web3 developer tools and infrastructure platform. He co-founded Four Moons, a decentralized finance advisory and liquid token investment firm, where he raised two private funds and managed digital asset strategies. Earlier in his career, he was on the founding team and served as Head of Business Development at Bebo, contributing to the company's acquisition by Twitch.
Vanessa Guzmán-Clark, Chief Financial Officer
Vanessa Guzmán-Clark brings over 20 years of experience leading finance organizations in public and private companies. Prior to joining Greenlane, she served as Chief Financial Officer of Digital Media Solutions, Inc., a publicly traded business, where she led mergers and acquisitions, debt restructuring, and guided the company through its delisting. She also served as Chief Financial Officer of Legacy Education Alliance, Inc., another publicly traded company. Ms. Guzmán-Clark began her career with PwC and is a Certified Public Accountant.
Benjamin Isenberg, Chief Investment Officer
Benjamin Isenberg currently serves as Founder and Principal of BSQD Corp., a market making and proprietary trading firm specializing in digital assets and cryptocurrencies, a role he has held since 2022. From 2021 to 2024, he was a Trader at Tradias GmbH, a BAFIN regulated market maker based in Frankfurt, Germany. Before entering the digital asset markets, Mr. Isenberg worked in investment banking at M Partners in Toronto, where he covered digital assets, technology, and mining.
Mike Hinson, Executive Vice President of Sales
Mike Hinson was appointed Executive Vice President of Sales for Greenlane Holdings, Inc. in June 2025. He has over two decades of experience in sales leadership, revenue optimization, and business development. Prior to joining Greenlane, Mr. Hinson served as Senior Vice President of Sales at Besmartee.
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The key risks for Greenlane Holdings (GNLN) are:
- Nasdaq Delisting and Financial Instability: Greenlane Holdings has received multiple notices from Nasdaq regarding its failure to meet the minimum bid price requirement, indicating a significant risk of delisting from the Nasdaq Global Market. The company has undergone reverse stock splits in attempts to regain compliance, but its future on Nasdaq remains uncertain. Financial analyses have also highlighted a "Weak Financial Health Score" and a "significant cash burn rate." Such delisting could severely impact the company's ability to raise capital and investor confidence.
- Volatility of Digital Asset Holdings and Strategy Shift: Recent financial reports indicate Greenlane Holdings has adopted a "digital asset treasury strategy focused on the acquisition of BERA," leading to significant non-cash losses from fluctuations in the fair value of these digital assets. This shift exposes the company to the extreme price volatility and speculative nature of the cryptocurrency market, introducing substantial financial risk outside its traditional business operations.
- Regulatory and Health Risks Associated with Cannabis and Vaping Products: As a distributor of cannabis accessories and vape solutions, Greenlane Holdings is exposed to the evolving and often stringent regulatory landscape of the cannabis and vaping industries. Changes in laws regarding product legality, manufacturing, or marketing can materially impact its operations and financial results. Additionally, ongoing health concerns, such as the potential for heavy metal contamination in vape liquids and aerosols, could lead to further restrictive regulations or shifts in consumer preferences away from certain product categories.
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Greenlane Holdings (symbol: GNLN) operates in markets related to cannabis accessories, child-resistant packaging, and vape solutions. The addressable markets for their main products and services are as follows:
Cannabis Packaging
- Global: The global cannabis packaging market was valued at approximately USD 2.6 billion in 2025. It is projected to grow to USD 3 billion in 2026 and USD 12.8 billion by 2035, exhibiting a Compound Annual Growth Rate (CAGR) of 17.6% during the forecast period from 2026 to 2035.
- United States: The U.S. cannabis packaging market was valued at approximately USD 2.02 billion in 2025. Another estimate places the U.S. market at USD 0.81 billion in 2025, projected to reach USD 6.53 billion by 2034.
- Canada: The Canada cannabis packaging market was valued at USD 255.45 million in 2025 and is projected to reach USD 1,354.91 million by 2034.
- Europe: The European cannabis packaging market was valued at USD 1.24 billion in 2025 and is projected to grow at a CAGR of 13.93% over the coming years.
Cannabis Accessories and Vape Solutions
The market for cannabis accessories, which includes items like vaporizers, pipes, rolling papers, and grinders, is often encompassed within the broader "smoking accessories" market, with cannabis legalization being a significant driver for growth in this sector.
- Global Smoking Accessories (including cannabis accessories and vape solutions): The global smoking accessories market size was valued at USD 76.94 billion in 2025. This market is projected to grow from USD 80.06 billion in 2026 to USD 110.01 billion by 2034, exhibiting a CAGR of 4.05% during the forecast period.
- Global Cannabis Vaporizers: The cannabis vaporizers market alone was valued at USD 5.76 billion in 2025, and is projected to grow to USD 11.27 billion by 2030 at a CAGR of 14.4%.
- North America Smoking Accessories (including cannabis accessories and vape solutions for both the U.S. and Canada): North America held the largest regional market share at 38% of the global smoking accessories market in 2025. Based on the global market size of USD 76.94 billion in 2025, the North American smoking accessories market was approximately USD 29.24 billion in 2025. The U.S. smoking accessories market specifically generated a revenue of USD 8,130.9 million in 2021 and is expected to reach USD 11,731.6 million by 2030.
- Europe Smoking Accessories (including cannabis accessories and vape solutions): Europe accounted for 27% of the global smoking accessories market in 2025. Based on the global market size of USD 76.94 billion in 2025, the European smoking accessories market was approximately USD 20.77 billion in 2025. Another source indicates the European smoking accessories market is projected to rise from USD 1.9 billion in 2025 to USD 3.7 billion by 2035.
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Greenlane Holdings (GNLN) has undergone a significant strategic pivot, transitioning from its historical focus on cannabis accessories distribution to primarily a digital asset treasury company as of October 2025. Consequently, the expected drivers of future revenue growth over the next 2-3 years are centered on its new Berachain-focused digital asset strategy.
The key drivers for Greenlane Holdings' future revenue growth include:
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Staking and Validator Operations on the Berachain Network: Greenlane Holdings aims to generate revenue through active participation in the Berachain network's Proof of Liquidity (PoL) staking and by operating validator infrastructure. The company has explicitly stated its intention to deploy BERA units into validators to engage in these mechanisms. This strategy directly contributes to "staking and yield revenue" for the Digital Asset Segment.
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Deployment into Decentralized Finance (DeFi) Protocols: As part of its digital asset treasury strategy, Greenlane Holdings plans to deploy capital into selected decentralized finance (DeFi) protocols on the Berachain network. This "Risk-Adjusted Yield Participation" is designed to generate additional returns and revenue from its digital asset holdings.
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Strategic Acquisition and Appreciation of BERA Tokens: A core component of Greenlane's strategy involves the continuous acquisition of BERA, the native token of the Berachain blockchain, through open market purchases and negotiated transactions. The company aims to increase its "BERA-per-share through treasury management," which, while subject to market volatility, forms the foundational asset base for its revenue-generating staking and DeFi activities.
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Earning Berachain Governance Tokens (BGT): Greenlane's digital asset treasury strategy also includes participation in governance to earn Berachain Governance Tokens (BGT). The acquisition and potential future monetization or utility of these governance tokens represent another avenue for enhancing shareholder value and contributing to the company's financial performance.
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Share Repurchases
- Greenlane Holdings authorized a share repurchase program of up to $2.0 million of its Class A common stock in April 2026.
Share Issuance
- A 1-for-8 reverse stock split of its Class A common stock was effected on April 6, 2026.
- The company completed a 1-for-750 reverse stock split in June 2025.
- In connection with its merger with KushCo Holdings, completed on September 1, 2021, KushCo stockholders received approximately 0.3016 shares of Greenlane Class A common stock for each share of KushCo common stock.
Inbound Investments
- Greenlane closed a $110.7 million private placement transaction in October 2025 to fund its digital asset treasury strategy.
Outbound Investments
- In the first quarter of 2026, Greenlane deployed approximately $10.1 million into BERA and BERA-equivalent digital assets, and $4.0 million into stablecoin-related protocol instruments.
- During the second quarter of 2026, the company deployed approximately $1.2 million into BERA and BERA-equivalent digital assets, and $4.1 million into stablecoin-related protocol instruments.
- Greenlane acquired KushCo Holdings in a merger completed on September 1, 2021, which established the combined entity as a leading ancillary cannabis company.
Capital Expenditures
- Capital expenditures have been very low or negative in recent periods, reflecting minimal spending on traditional physical assets, with reported values ranging from -$0.03 million to -$4.4 million.
- The company has strategically shifted its capital deployment focus towards a digital asset treasury model, involving investments in BERA tokens and related infrastructure rather than conventional capital expenditures.
Peer Outperformance in Tobacco
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Consumer Staples Merchandise Retail | 12 | 21.8% | 55.5% | 64.4% | WMT 164% · PSMT 148% · COST 117% |
| Food Distributors | 8 | 8.1% | 34.9% | 64.2% | CHEF 199% · USFD 199% · PFGC 119% |
| Tobacco ← | 6 | -28.9% | 11.3% | 51.6% | PM 178% · MO 160% |
| Food Retail | 6 | 4.3% | 57.3% | 45.8% | CASY 265% · SFM 124% · KR 86% |
| Soft Drinks & Non-alcoholic Beverages | 13 | 6.5% | -6.3% | 13.4% | COKE 449% · COCO 333% · CCHGY 124% |
| Brewers | 3 | -2.3% | -22.6% | 7.4% | BUD 41% · TAP 7% · SAM -59% |
| Household Products | 19 | 19.5% | 2.1% | -10.2% | IPAR 43% · CL 41% · CHD 30% |
| Personal Care Products | 4 | 11.1% | 16.6% | -15.7% | ELF 246% · PG 29% · COTY -60% |
| Agricultural Products & Services | 11 | -11.8% | -11.1% | -34.1% | ADM 38% · BG 19% · INGR 17% |
| Packaged Foods & Meats | 48 | -24.6% | -31.6% | -34.6% | CALM 128% · TR 42% · SJM 27% |
| Distillers & Vintners | 5 | -34.6% | -55.4% | -71.9% | STZ -31% · BF-B -53% |
| Drug Retail | 3 | -34.2% | -44.7% | -95.0% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Greenlane Earnings Notes | 12/16/2025 | |
| Can Greenlane Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 2.07 |
| Mkt Cap | 0.2 |
| Rev LTM | 507 |
| Op Inc LTM | 29 |
| FCF LTM | 15 |
| FCF 3Y Avg | 20 |
| CFO LTM | 25 |
| CFO 3Y Avg | 30 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 24.5% |
| Rev Chg 3Y Avg | 15.7% |
| Rev Chg Q | 22.6% |
| QoQ Delta Rev Chg LTM | 5.5% |
| Op Inc Chg LTM | -15.0% |
| Op Inc Chg 3Y Avg | 0.8% |
| Op Mgn LTM | 4.0% |
| Op Mgn 3Y Avg | 2.9% |
| QoQ Delta Op Mgn LTM | -2.8% |
| CFO/Rev LTM | 3.4% |
| CFO/Rev 3Y Avg | 5.2% |
| FCF/Rev LTM | 2.0% |
| FCF/Rev 3Y Avg | 3.5% |
Price Behavior
| Market Price | $1.63 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 04/18/2019 | |
| Distance from 52W High | -94.0% | |
| 50 Days | 200 Days | |
| DMA Price | $2.56 | $4.10 |
| DMA Trend | up | down |
| Distance from DMA | -36.4% | -60.3% |
| 3M | 1YR | |
| Volatility | 154.8% | 140.8% |
| Downside Capture | -150.32 | 377.18 |
| Upside Capture | -187.22 | 2.10 |
| Correlation (S&P 500) | -5.4% | 20.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.68 | -1.74 | 0.31 | 1.99 | 2.13 | 0.82 |
| Up Beta | -2.53 | 0.99 | 2.81 | 1.38 | 2.90 | -1.41 |
| Down Beta | 11.20 | -9.87 | -0.07 | 2.45 | 2.41 | 1.98 |
| Up Capture | 426% | -0% | 21% | 202% | 18% | -7% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 19 | 30 | 59 | 110 | 310 |
| Down Capture | 249% | -559% | -110% | 209% | 181% | 113% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 21 | 32 | 65 | 133 | 416 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNLN | |
|---|---|---|---|---|
| GNLN | -93.7% | 140.8% | -1.30 | - |
| Sector ETF (XLP) | 19.3% | 15.2% | 0.94 | -0.3% |
| Equity (SPY) | 10.9% | 12.8% | 0.52 | 20.4% |
| Gold (GLD) | -2.0% | 28.6% | -0.08 | 6.4% |
| Commodities (DBC) | 48.2% | 20.6% | 1.79 | -2.4% |
| Real Estate (VNQ) | 10.2% | 13.7% | 0.45 | 4.4% |
| Bitcoin (BTCUSD) | -30.3% | 43.5% | -0.71 | 16.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNLN | |
|---|---|---|---|---|
| GNLN | -96.3% | 222.9% | -0.69 | - |
| Sector ETF (XLP) | 7.3% | 13.9% | 0.30 | 3.8% |
| Equity (SPY) | 12.2% | 17.1% | 0.53 | 8.5% |
| Gold (GLD) | 16.2% | 19.0% | 0.68 | 6.7% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | 2.1% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 5.9% |
| Bitcoin (BTCUSD) | 4.8% | 51.6% | 0.28 | 2.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNLN | |
|---|---|---|---|---|
| GNLN | -85.0% | 192.0% | -0.61 | - |
| Sector ETF (XLP) | 8.4% | 15.0% | 0.42 | 5.8% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 11.9% |
| Gold (GLD) | 11.4% | 16.5% | 0.56 | 6.6% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 4.7% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.21 | 9.9% |
| Bitcoin (BTCUSD) | 61.7% | 66.2% | 1.01 | 5.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/15/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/14/2026 | 4.1% | 52.8% | 42.5% |
| 5/15/2026 | -4.7% | -19.3% | -25.3% |
| 11/14/2025 | -6.3% | 11.3% | -13.7% |
| 5/15/2023 | -3.1% | -1.8% | -41.4% |
| 11/15/2022 | -7.9% | -6.7% | -16.7% |
| 8/16/2022 | -0.9% | -17.6% | -32.0% |
| 5/17/2022 | 2.7% | -12.2% | -32.4% |
| 3/30/2022 | -1.4% | -16.2% | -39.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 3 |
| # Negative | 9 | 10 | 9 |
| Median Positive | 3.7% | 32.1% | 42.5% |
| Median Negative | -4.7% | -11.8% | -32.0% |
| Max Positive | 4.1% | 52.8% | 57.8% |
| Max Negative | -12.5% | -37.0% | -48.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/14/2026 | 4.1% | 52.8% | 42.5% |
| 5/15/2026 | -4.7% | -19.3% | -25.3% |
| 11/14/2025 | -6.3% | 11.3% | -13.7% |
| 5/15/2023 | -3.1% | -1.8% | -41.4% |
| 11/15/2022 | -7.9% | -6.7% | -16.7% |
| 8/16/2022 | -0.9% | -17.6% | -32.0% |
| 5/17/2022 | 2.7% | -12.2% | -32.4% |
| 3/30/2022 | -1.4% | -16.2% | -39.2% |
| 1/31/2022 | 3.7% | -11.5% | -29.3% |
| 11/15/2021 | -12.5% | -37.0% | -48.0% |
| 8/17/2021 | -5.1% | -5.5% | 11.5% |
| 11/17/2020 | -1.7% | -4.2% | 57.8% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 3 |
| # Negative | 9 | 10 | 9 |
| Median Positive | 3.7% | 32.1% | 42.5% |
| Median Negative | -4.7% | -11.8% | -32.0% |
| Max Positive | 4.1% | 52.8% | 57.8% |
| Max Negative | -12.5% | -37.0% | -48.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/21/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 07/25/2024 | 10-Q |
| 12/31/2023 | 07/19/2024 | 10-K |
| 09/30/2023 | 01/09/2024 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/21/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 07/25/2024 | 10-Q |
| 12/31/2023 | 07/19/2024 | 10-K |
| 09/30/2023 | 01/09/2024 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 03/31/2021 | 10-K |
| 09/30/2020 | 11/16/2020 | 10-Q |
| 06/30/2020 | 08/11/2020 | 10-Q |
| 03/31/2020 | 06/09/2020 | 10-Q |
| 12/31/2019 | 04/24/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
Industry Resources
| Consumer Staples Resources |
| FoodNavigator |
| Consumer Goods Technology (CGT) |
| Beverage Digest |
| Tobacco Resources |
| Tobacco Reporter |
| Tobacco Journal International |
| CSP Daily News - Tobacco |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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