Greenlane Holdings ( (GNLN) ) has released its Q3 earnings. Here is a breakdown of the information Greenlane Holdings presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Greenlane Holdings, Inc., a company specializing in premium cannabis accessories and lifestyle products, operates in the United States, Canada, Europe, and Latin America. The company recently released its earnings report for the third quarter of 2025, highlighting significant financial challenges. Greenlane reported a substantial net loss of $8.9 million for the quarter, with net sales dropping to $737,000 from $4.0 million in the same period last year. The company’s gross profit turned into a loss, primarily due to a significant increase in cost of sales. Operating expenses, including restructuring costs, further contributed to the loss. Despite these challenges, Greenlane is actively pursuing strategies to improve its financial standing, such as reducing operating costs, monetizing legacy inventory, and seeking additional financing. The management remains focused on executing strategic partnerships and introducing new products to enhance revenue and profitability.