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Greenlane Holdings Inc (GNLN)
NASDAQ:GNLN
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Greenlane Holdings (GNLN) AI Stock Analysis

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GNLN

Greenlane Holdings

(NASDAQ:GNLN)

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Underperform 40 (OpenAI - 5.2)
Rating:40Underperform
Price Target:
$2.00
▼(-5.21% Downside)
Action:Downgraded
Date:08/01/26
Overall score is driven primarily by severe financial deterioration—collapsed revenue, deeply negative profitability (including negative gross profit), and ongoing cash burn—despite the mitigating factor of minimal debt. Technicals add further pressure with a clear downtrend (price below key moving averages) and high volatility (beta 3.23). Valuation is also constrained by unprofitability (negative P/E) and no dividend yield support.
Positive Factors
Low Leverage / Minimal Debt
Effectively zero debt materially reduces refinancing and interest burden risk, giving management time and flexibility to restructure operations, preserve cash, and pursue strategic options without immediate solvency pressure. This durable balance-sheet advantage supports a longer runway to restore profitability.
Negative Factors
Collapsed Revenue
A multi‑year collapse in revenue destroys scale economics, reduces bargaining power with suppliers, and undermines fixed cost absorption. Restoring meaningful top‑line requires durable market reentry or new channels/products; without scale, profitability and long‑term competitiveness remain impaired.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Minimal Debt
Effectively zero debt materially reduces refinancing and interest burden risk, giving management time and flexibility to restructure operations, preserve cash, and pursue strategic options without immediate solvency pressure. This durable balance-sheet advantage supports a longer runway to restore profitability.
Read all positive factors

Greenlane Holdings (GNLN) vs. SPDR S&P 500 ETF (SPY)

Greenlane Holdings Business Overview & Revenue Model

Company Description
Greenlane Holdings, Inc., established in 2005 and based in Boca Raton, Florida, is a prominent entity in the creation and supply of cannabis-related accessories, child-resistant containers, vaporization devices, and lifestyle goods. Its operations...
How the Company Makes Money
Greenlane primarily makes money by selling ancillary products used for cannabis and hemp consumption and retail operations. Its core revenue model is product sales across multiple channels: (1) Wholesale/distribution: Greenlane sells branded and t...

Greenlane Holdings Financial Statement Overview

Summary
Financials indicate distress: revenue has collapsed (from ~$166.1M in 2021 to ~$3.33M TTM) with further decline (-23.4% growth). Profitability is severely negative (negative gross profit and extremely negative net margin), and cash flow remains deeply negative (TTM operating cash flow -$17.6M; free cash flow -$17.7M). The main offset is a de-risked balance sheet with effectively zero debt and positive equity, but losses are rapidly eroding capital.
Income Statement
6
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
BreakdownMar 2026Dec 2024Dec 2023Mar 2023Dec 2021
Income Statement
Total Revenue4.36M13.28M65.37M137.09M166.06M
Gross Profit-12.46M6.28M17.83M24.98M33.85M
EBITDA-84.69M-10.92M-24.63M-172.38M-48.15M
Net Income-85.58M-17.64M-32.17M-169.51M-30.58M
Balance Sheet
Total Assets74.93M28.63M38.09M89.69M285.83M
Cash, Cash Equivalents and Short-Term Investments32.51M899.00K463.00K6.46M12.86M
Total Debt166.00K8.68M9.17M19.80M31.70M
Total Liabilities7.21M22.35M27.10M50.69M89.46M
Stockholders Equity67.87M6.43M11.12M38.97M174.53M
Cash Flow
Free Cash Flow-16.36M-6.99M-2.80M-29.21M-42.05M
Operating Cash Flow-16.26M-6.75M-1.79M-26.43M-37.33M
Investing Cash Flow-8.26M-244.00K30.00K12.03M-19.69M
Financing Cash Flow56.13M7.43M-10.14M13.93M38.96M

Greenlane Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.11
Price Trends
50DMA
2.61
Negative
100DMA
3.47
Negative
200DMA
10.40
Negative
Market Momentum
MACD
-0.24
Positive
RSI
37.69
Neutral
STOCH
39.17
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 2.11 is below the 20-day moving average (MA) of 2.22, below the 50-day MA of 2.61, and below the 200-day MA of 10.40, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 37.69 is Neutral, neither overbought nor oversold. The STOCH value of 39.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GNLN.

Greenlane Holdings Risk Analysis

Greenlane Holdings disclosed 124 risk factors in its most recent earnings report. Greenlane Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Greenlane Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
44
Neutral
$1.38M-0.02-25.03%-34.08%99.49%
44
Neutral
$83.23M-2.39546.10%-38.18%-21.59%
40
Underperform
$1.22M-0.01-268.27%-66.04%99.58%
38
Underperform
$489.36K-0.02-441.46%-78.48%14.33%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GNLN
Greenlane Holdings
1.95
-26.61
-93.17%
XXII
22nd Century
4.20
-760.80
-99.45%
KAVL
Kaival Brands Innovations Group
0.02
-0.46
-95.67%
ISPR
Ispire Technology, Inc.
1.62
-1.11
-40.66%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 01, 2026