Greenlane Holdings (GNLN) AI Stock Analysis

• Market Cap: $4.58M
• Dividend Yield: N/A
• Average Volume (3M): 125.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.26
• Revenue Growth: -78.46%
• EPS Growth: 83.71%
• Country: US
• Employees: 49
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Tobacco
• EPS (TTM): -6.44
• Shares Outstanding: 1,501,551
• 10 Day Avg. Volume: 103,554
• 30 Day Avg. Volume: 125,036
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 0.15
• P/FCF Ratio: -0.29
• Enterprise Value/Market Cap: <0.01
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: >-0.01
• Enterprise Value/Ebitda: >-0.01
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $3.00 ▲(7.91% Upside)

Greenlane Holdings faces significant financial challenges with declining revenues and persistent losses, which heavily impact its overall score. The technical analysis indicates a bearish trend, further weighing down the score. However, the recent corporate event involving a $110 million private placement and strategic shift towards cryptocurrency provides a positive outlook, slightly improving the overall score.

Positive Factors

Strategic Shift to Cryptocurrency

The strategic shift towards cryptocurrency and digital asset management could diversify revenue streams and position Greenlane as a leader in the crypto sector, potentially enhancing long-term growth prospects.

Improved Gross Profit Margins

Improved gross profit margins indicate better cost management and pricing strategies, which can enhance profitability and provide a buffer against revenue fluctuations.

Strong Equity Position

A strong equity position provides financial stability and flexibility, allowing Greenlane to invest in growth opportunities and weather economic downturns.

Negative Factors

Declining Revenue

Declining revenue growth poses a challenge to sustainability and market competitiveness, potentially impacting long-term financial health and investor confidence.

Negative Profit Margins

Persistently negative profit margins highlight ongoing operational inefficiencies and profitability challenges, which could strain financial resources and limit future growth.

Cash Flow Challenges

Negative operating cash flow suggests difficulties in generating sufficient cash from core operations, which can hinder the ability to fund expansion and meet financial obligations.

Greenlane Holdings Business Overview & Revenue Model

Company Description

Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers and packaging, grinders, and apparel lines, as well as bubblers, rigs, and other smoking and vaporization related accessories and merchandise. It offers its products under the VIBES rolling papers, Pollen Gear, the Marley Natural accessory line, Aerospaced & Groove grinders, Marley Natural, K. Haring Glass Collections, Eyce silicone pipes, Higher Standards, and DaVinci vaporizers brands. The company also operates e-commerce websites, such as Vapor.com, Higherstandards.com, Aerospaced.com, DaVincivaporizer.com, Harringglass.com, Eycemolds.com, Vapor.ca, Vaposhop.com, and Puffitup.com. It serves customers through a network of 8,500 smoke shops, cannabis dispensaries, and specialty retailers. Greenlane Holdings, Inc. was founded in 2005 and is headquartered in Boca Raton, Florida.

How the Company Makes Money

Greenlane generates revenue primarily through its wholesale distribution of cannabis-related products to retailers and dispensaries, which accounts for a significant portion of its earnings. The company also operates an e-commerce platform that sells its products directly to consumers, providing an additional revenue stream. Key partnerships with leading brands in the cannabis accessories space enhance its product offerings and drive sales. Additionally, Greenlane may benefit from strategic collaborations and marketing agreements that allow it to expand its reach and improve its competitive position in the market.

Greenlane Holdings Financial Statement Overview

Summary

Greenlane Holdings is facing significant financial challenges, with declining revenues and persistent losses. Improvements in gross profit margins and debt levels are overshadowed by negative profitability and cash flow issues. The balance sheet shows a strong equity position, but the negative return on equity highlights inefficiencies in generating shareholder value.

Income Statement

Greenlane Holdings has experienced a significant decline in revenue, with a TTM revenue growth rate of -18.99%. The gross profit margin improved to 55.93% in the TTM, but the net profit margin remains deeply negative at -173.29%, indicating ongoing profitability challenges. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio improved to 0.03 in the TTM, suggesting low leverage. However, the return on equity is negative at -150.20%, indicating that the company is not generating returns on shareholders' equity. The equity ratio stands at 63.23%, showing a relatively strong equity position compared to total assets.

Cash Flow

Greenlane Holdings shows a positive free cash flow growth rate of 40.90% in the TTM, but the operating cash flow remains negative. The operating cash flow to net income ratio is -0.68, indicating cash flow challenges. The free cash flow to net income ratio is 0.67, suggesting some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.78M	13.28M	65.37M	137.09M	166.06M	138.30M
Gross Profit	-23.70M	6.28M	17.83M	24.98M	33.85M	22.77M
EBITDA	-61.54M	-10.92M	-24.63M	-172.38M	-48.15M	-44.55M
Net Income	-67.45M	-17.64M	-32.17M	-169.51M	-30.58M	-14.52M
Balance Sheet
Total Assets	17.64M	28.63M	38.09M	89.69M	285.83M	122.65M
Cash, Cash Equivalents and Short-Term Investments	1.81M	899.00K	463.00K	6.46M	12.86M	30.43M
Total Debt	320.00K	8.68M	9.17M	19.80M	31.70M	11.90M
Total Liabilities	6.63M	22.35M	27.10M	50.69M	89.46M	53.39M
Stockholders Equity	11.16M	6.43M	11.12M	38.97M	174.53M	15.06M
Cash Flow
Free Cash Flow	-34.76M	-6.99M	-2.80M	-29.21M	-42.05M	-14.61M
Operating Cash Flow	-34.45M	-6.75M	-1.79M	-26.43M	-37.33M	-12.30M
Investing Cash Flow	-306.00K	-244.00K	30.00K	12.03M	-19.69M	-4.14M
Financing Cash Flow	25.93M	7.43M	-10.14M	13.93M	38.96M	-1.06M

Greenlane Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNLN, the sentiment is Negative. The current price of 2.78 is below the 20-day moving average (MA) of 3.15, below the 50-day MA of 3.33, and below the 200-day MA of 208.45, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 36.59 is Neutral, neither overbought nor oversold. The STOCH value of 23.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GNLN.

Greenlane Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ISPR	51 Neutral	$150.10M	-4.22	-254.99%	―	-20.13%	-88.66%
GNLN	46 Neutral	$4.58M	―	-240.32%	―	-78.46%	83.71%
XXII	45 Neutral	$7.34M	>-0.01	-133.50%	―	-34.81%	99.30%
KAVL	31 Underperform	$1.62M	-0.19	-68.63%	―	-88.85%	68.28%

Greenlane Holdings Corporate Events

Greenlane Holdings to Reconvene Annual Meeting December 9

On December 1, 2025, Greenlane Holdings, Inc. attempted to hold its 2025 Annual Meeting of Stockholders in a virtual-only format. However, due to the absence of a quorum, no business was conducted, and no polls were opened. The company announced that it will reconvene the meeting on December 9, 2025, allowing stockholders to attend, vote, and submit questions via a live audio webcast.

Greenlane Holdings Closes $110M Private Placement Offering

On October 23, 2025, Greenlane Holdings successfully closed a $110 million private placement offering, which included cash, stablecoin investments, and BERA tokens. The company plans to use the proceeds to implement a digital asset treasury strategy, focusing on acquiring BERA as its primary treasury reserve asset. This strategic move is expected to enhance Greenlane’s position in the crypto technology sector, with the company holding approximately 54 million BERA tokens valued at $108 million. The appointment of Bruce Linton as Chairman and Ben Isenberg as Chief Investment Officer is set to bolster the company’s management team as it aims to become a leading institutionally managed BERA holder in the public markets.

Greenlane Holdings Announces $110M Cryptocurrency Strategy

On October 20, 2025, Greenlane Holdings announced a $110 million private placement to implement a digital asset treasury strategy centered on acquiring BERA, the native cryptocurrency of the Berachain blockchain. This transaction, led by Polychain Capital and other investors, aims to position Greenlane as a major publicly traded holder of BERA, with proceeds used for BERA acquisitions and general corporate purposes. The initiative is expected to enhance Greenlane’s engagement with capital markets and expand its presence in the cryptocurrency sector.