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Greenlane Holdings ( (GNLN) ) just unveiled an update.
Greenlane reported fourth-quarter and full-year 2025 results on March 31, 2026, highlighting a completed strategic transition away from legacy wholesale and distribution operations to a Berachain-focused digital asset treasury model. Following an October 2025 private placement that raised $110.7 million, the company accumulated 51.7 million BERA tokens by year-end at a $58.3 million cost basis, alongside $22.6 million in stablecoins and no debt, but recognized a $31.1 million fair value loss on BERA and sharply higher operating and net losses tied to non-cash stock-based compensation, inventory impairments, and restructuring.
In Q4 2025, Greenlane’s revenue fell 18% year on year to $1.4 million and net loss widened to $69.6 million, while full-year 2025 revenue dropped 67% to $4.4 million with net loss deepening to $85.6 million as legacy operations wound down. Subsequent events included a March 25, 2026 Nasdaq delisting notice over minimum bid price non-compliance, shareholder approval that same day for a reverse stock split at a 1-for-5 to 1-for-15 ratio, and February 2026 token purchase and lending agreements designed to expand BERA exposure and liquidity, underscoring both the company’s aggressive pivot into the Berachain ecosystem and the listing and valuation risks facing equity holders.
The most recent analyst rating on (GNLN) stock is a Sell with a $0.96 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 Neutral.
The score is held down primarily by weak financial performance (shrinking revenue, deep losses, and ongoing cash burn) and a strongly bearish technical setup (below key moving averages with negative MACD). Corporate events are somewhat positive but not enough to offset fundamental and trend deterioration, while valuation metrics provided are not meaningfully supportive.
To see Spark’s full report on GNLN stock, click here.
More about Greenlane Holdings
Greenlane Holdings, Inc., based in Boca Raton, Florida, is a publicly traded digital asset treasury company listed on Nasdaq under the ticker GNLN. The company is focused on the acquisition, management, and strategic deployment of BERA, the native token of the Berachain blockchain network, including participation in staking, validator infrastructure, governance, and DeFi protocols on Berachain.
Average Trading Volume: 609,966
Technical Sentiment Signal: Sell
Current Market Cap: $1.58M
For a thorough assessment of GNLN stock, go to TipRanks’ Stock Analysis page.