Greenlane Holdings (GNLN) AI Stock Analysis

• Market Cap: $3.25M
• Dividend Yield: N/A
• Average Volume (3M): 125.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.50
• 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: 4,929,563
• 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: -0.16
• Enterprise Value/Revenue: -0.11
• Enterprise Value/Gross Profit: 0.10
• Enterprise Value/Ebitda: 0.02
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $0.97 ▼(-37.56% Downside)
• Action: Reiterated Date: 02/10/26
• Date: Action: Reiterated 02/10/26

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.

Positive Factors

Diversified Distribution Model

Greenlane’s dual-channel model (wholesale distribution to retailers/dispensaries plus direct e-commerce) and partnerships with established accessory brands create durable distribution breadth. This multi-channel footprint supports revenue resilience and market access even if one channel softens over a 2–6 month horizon.

Improved Leverage

Trailing-twelve-month leverage improvement and very low debt relative to equity materially reduce near-term solvency risk. Lower financial leverage gives management more optionality to manage operations, negotiate supplier terms, or pursue small strategic actions without immediate refinancing pressure, durable over months.

Flexible Capital Access

The ATM program provides an on‑demand, flexible mechanism to raise equity capital without committing to a scheduled issuance, helping address liquidity needs and fund operations or restructuring. This access to incremental capital is a structural defensive tool for managing cash burn in the medium term.

Negative Factors

Declining Revenue & Margins

A ~32% TTM revenue decline paired with a negative gross margin signals weakening demand or adverse pricing/Cost of Goods dynamics that undermine core unit economics. Without stabilizing top-line and restoring positive gross margins, margin sustainability and the ability to cover fixed costs remain structurally impaired over coming months.

Persistent Cash Burn

Sustained negative operating and free cash flow across reported periods indicates ongoing cash consumption from core operations. Even with slight FCF improvement versus prior year, continued cash burn depletes reserves, forces recurring capital raises or cost cuts, and constrains strategic investments for durable recovery.

Equity Volatility & Negative ROE

Volatile equity and deeply negative ROE reflect recurring losses that erode shareholder capital and limit retained-earnings recovery. This weakens the company’s capacity to self‑fund growth or absorb shocks, increases dependency on external financing, and can hinder long-term strategic execution if losses persist.

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

Financial quality is weak: TTM revenue fell ~32% YoY, margins and profitability are deeply negative, and operating/free cash flow are consistently negative. While leverage appears improved in TTM versus 2024, persistent losses and deeply negative ROE raise sustainability risk.

Income Statement

Performance has deteriorated sharply into TTM (Trailing-Twelve-Months): revenue fell ~32% versus the prior year, and profitability is deeply negative with a negative gross margin and very large operating and net losses. Earlier years show positive gross margins, but the business has been consistently loss-making across the full period, with no sustained improvement in operating leverage.

Balance Sheet

Leverage looks improved in TTM (Trailing-Twelve-Months) with very low debt relative to equity, a notable change from 2024 when debt was high versus equity. However, equity has been volatile over time and returns on equity are deeply negative, reflecting persistent losses and raising concerns about balance-sheet durability if losses continue.

Cash Flow

Cash generation remains a major weakness: operating cash flow and free cash flow are negative in every period shown, including TTM (Trailing-Twelve-Months). While free cash flow improved versus the prior year in TTM, the company still burns significant cash, and cash outflows are not supported by underlying profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Mar 2023	Dec 2021	Mar 2021
Income Statement
Total Revenue	4.65M	13.28M	65.37M	137.09M	166.06M	138.30M
Gross Profit	-5.20M	6.28M	17.83M	24.98M	33.85M	22.77M
EBITDA	-21.93M	-10.92M	-24.63M	-172.38M	-48.15M	-44.55M
Net Income	-24.79M	-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	-13.47M	-6.99M	-2.80M	-29.21M	-42.05M	-14.61M
Operating Cash Flow	-13.32M	-6.75M	-1.79M	-26.43M	-37.33M	-12.30M
Investing Cash Flow	-146.00K	-244.00K	30.00K	12.03M	-19.69M	-4.14M
Financing Cash Flow	12.97M	7.43M	-10.14M	13.93M	38.96M	-1.06M

Greenlane Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 1.56 is above the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.60, and below the 200-day MA of 26.82, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 13.69 is Positive, neither overbought nor oversold. The STOCH value of 10.68 is Positive, 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	46 Neutral	$121.45M	-3.41	-254.99%	―	-20.13%	-88.66%
XXII	44 Neutral	$2.46M	―	-133.50%	―	-34.81%	99.30%
GNLN	42 Neutral	$3.25M	―	-240.32%	―	-78.46%	83.71%
KAVL	39 Underperform	$221.98K	-0.01	-68.63%	―	-88.85%	68.28%

Greenlane Holdings Corporate Events

Greenlane Enters Structured BERA Token Trading Agreements

On February 4, 2026, Greenlane Subsidiary entered into a Token Purchase and Sale Agreement and a Token Lending Agreement with Berachain Operations Corporation to facilitate structured BERA token trading using USDC and USDT stablecoins. Under this framework, Greenlane may lend stablecoins to Berachain to buy BERA in the market, then repurchase BERA in tranches at preset pricing, with Berachain retaining stablecoin principal and trading results, supported by arm’s-length governance, independent execution standards, and compliance reporting.

The transaction structure allows flexible tranche sizing within negotiated ranges and permits Greenlane to offset its BERA purchase payments by reducing outstanding lent tokens, effectively netting loans against token acquisitions. Because a potential liquidity provider, BSQD Corp., is wholly owned by Greenlane’s Chief Investment Officer and may source BERA for Berachain, the deals were reviewed as related-party transactions and unanimously approved by disinterested directors and the Audit Committee, which concluded the arrangements are commercially reasonable and in stockholders’ best interests.

The most recent analyst rating on (GNLN) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Greenlane Holdings stock, see the GNLN Stock Forecast page.

Greenlane Holdings Appoints Jonathan Hue-Fay Ip to Board

On January 21, 2026, Greenlane Holdings, Inc.’s board of directors unanimously appointed corporate lawyer and business executive Jonathan Hue-Fay Ip to its board, filling the vacancy created by the resignation of Barbar Sher. Ip, founder of Iterative Law Profession Corporation and current director or general counsel to several technology and finance-focused companies, brings extensive experience in business law, investment, and corporate finance, which the company believes enhances its board expertise. Greenlane had previously entered into a Strategic Advisory Agreement with Iterative Law in October 2025 in anticipation of his board role, under which Ip received warrants to purchase 260,416 common shares at a token exercise price, and he will now also receive standard non-employee director compensation and indemnification, signaling the company’s effort to solidify its governance and align incentives with a seasoned legal and financial advisor.

The most recent analyst rating on (GNLN) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Greenlane Holdings stock, see the GNLN Stock Forecast page.

Greenlane Holdings Launches Flexible At-The-Market Equity Program

On January 7, 2026, Greenlane Holdings, Inc. entered into a sales agreement with Yorkville Securities, LLC to establish an at-the-market equity offering program under which Greenlane may, from time to time, sell up to $5,355,687 of its common stock through or to Yorkville as sales agent or principal. The shares will be issued under Greenlane’s effective shelf registration statement, with Yorkville earning a commission of up to 3% of gross proceeds, while Greenlane retains discretion over whether, when, and how many shares to sell, underscoring the company’s move to create flexible access to additional capital without committing to a fixed issuance schedule.

The most recent analyst rating on (GNLN) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Greenlane Holdings stock, see the GNLN Stock Forecast page.

Greenlane Holdings Appoints Bruce Linton as Chairman

On December 9, 2025, Greenlane Holdings held its annual meeting of stockholders, where Bruce Linton was appointed as the new Chairman of the Board. The meeting resulted in the approval of several proposals, including the election of directors, the re-appointment of the company’s auditors, and amendments to the 2019 Equity Incentive Plan. These decisions are expected to impact the company’s governance and financial strategies positively.

The most recent analyst rating on (GNLN) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Greenlane Holdings stock, see the GNLN Stock Forecast page.

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.

The most recent analyst rating on (GNLN) stock is a Sell with a $3.00 price target. To see the full list of analyst forecasts on Greenlane Holdings stock, see the GNLN Stock Forecast page.