Greenlane Announces 1-for-8 Reverse Stock Split Plan

The latest update is out from Greenlane Holdings ( (GNLN) ).

Greenlane Holdings, Inc., a Nasdaq-listed digital asset treasury company focused on BERA within the Berachain ecosystem, continues to complement its crypto-centric strategy with a reduced-scale wholesale and distribution operation run via an asset-light drop-ship model. Founded in 2005, the company has been repositioning itself around blockchain-based treasury management while retaining a smaller footprint in traditional product distribution, giving investors exposure to both digital assets and a legacy distribution platform.

On April 1, 2026, Greenlane announced it will implement a 1-for-8 reverse stock split of its Class A common stock, effective at 12:01 a.m. Eastern on April 6, 2026, with trading on a split-adjusted basis beginning that same day. The move, approved by shareholders and the board on March 25, 2026, is aimed at boosting the perceived investment profile of the stock, broadening its investor base, and helping the company maintain compliance with Nasdaq’s minimum bid price rules.

Following the reverse split, Greenlane’s ticker will remain GNLN on the Nasdaq Capital Market, but the stock will trade under a new CUSIP, and the share count will shrink from roughly 5,039,563 to about 629,945 outstanding shares. The split also triggers proportional adjustments to the exercise and conversion terms of outstanding warrants and stock options, potentially affecting existing holders’ positions and dilutive instruments without altering the company’s overall authorized share count.

No fractional shares will be issued in connection with the transaction, with affected investors instead receiving cash payments based on the April 2, 2026 closing price, and Equiniti Trust Company, LLC will serve as exchange and paying agent for the process. Investors holding shares in book-entry or brokerage accounts will see the change processed automatically, while certificated shareholders will receive instructions, as the company seeks to execute a technically complex capital structure adjustment with minimal disruption to trading and shareholder logistics.

The most recent analyst rating on (GNLN) stock is a Sell with a $0.35 price target. To see the full list of analyst forecasts on Greenlane Holdings stock, see the GNLN Stock Forecast page.

Spark’s Take on GNLN Stock

According to Spark, TipRanks’ AI Analyst, GNLN is a Underperform.

The score is weighed down primarily by severe financial deterioration (collapsed revenue, persistent losses, and ongoing cash burn) and a strongly bearish technical setup (price far below key moving averages with negative MACD). Valuation offers little support (P/E not meaningful and no dividend), while corporate events add material uncertainty due to Nasdaq delisting risk and repeated reverse splits despite the strategic pivot and reduced debt.

To see Spark’s full report on GNLN stock, click here.

More about Greenlane Holdings

Greenlane Holdings, Inc., founded in 2005 and listed on Nasdaq under the symbol GNLN, is a publicly traded digital asset treasury company focused on BERA, the native token of the Berachain blockchain network. Beyond its Berachain-centered digital asset activities, Greenlane also operates a scaled-down wholesale and distribution business through an asset-light drop-ship model, maintaining a presence in physical product distribution alongside its crypto-focused treasury strategy.

Berachain itself is a decentralized, open-source, EVM-compatible layer-1 blockchain designed for high throughput and low latency, offering full compatibility with Ethereum smart contracts and tooling. It employs a Proof of Liquidity consensus mechanism that ties network security directly to active liquidity provisioning, positioning Berachain as an infrastructure layer aimed at capital-efficient decentralized finance applications and broader Web3 participation.

Average Trading Volume: 602,357

Technical Sentiment Signal: Sell

Current Market Cap: $1.82M

For an in-depth examination of GNLN stock, go to TipRanks’ Overview page.