Greenlane Holdings (GNLN) AI Stock Analysis

• Market Cap: $4.28M
• Dividend Yield: N/A
• Average Volume (3M): 1.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.31
• Revenue Growth: -78.81%
• EPS Growth: 92.54%
• Country: US
• Employees: 49
• Sector: Consumer Defensive
• Sector Strength: 57
• Industry: Tobacco
• EPS (TTM): -238.16
• Shares Outstanding: 1,386,314
• 10 Day Avg. Volume: 3,421,898
• 30 Day Avg. Volume: 1,594,727
• PEG Ratio: >-0.01
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -464.20
• Enterprise Value/Market Cap: 739.18
• Enterprise Value/Revenue: 42.75
• Enterprise Value/Gross Profit: 576.66
• Enterprise Value/Ebitda: -74.48
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: $3.00 ▼(-3.54%Downside)

The overall stock score for Greenlane Holdings is significantly impacted by its poor financial performance, characterized by declining revenues and negative profitability. Technical analysis indicates weak market sentiment and momentum, while recent corporate events further highlight strategic and regulatory challenges. These factors collectively suggest a high-risk investment environment.

Greenlane Holdings Business Overview & Revenue Model

Company Description

Greenlane Holdings, Inc. is a leading global platform for the development and distribution of premium cannabis accessories, packaging, vaping solutions, and lifestyle products. Operating in sectors such as consumer goods and cannabis, the company offers a wide array of products including vaporizers, pipes, rolling papers, and other consumption devices. Greenlane serves both the consumer and business markets, providing both proprietary products and third-party brands to a diverse and international clientele.

How the Company Makes Money

Greenlane Holdings generates revenue primarily through the sale of cannabis-related accessories and lifestyle products, operating as both a retailer and a distributor. The company earns money by selling directly to consumers via its e-commerce platforms and retail locations, as well as through wholesale distribution to other retailers and businesses. Key revenue streams include the sale of proprietary brands, such as Higher Standards and VIBES, alongside a curated selection of third-party brands. Additionally, Greenlane engages in significant partnerships with leading cannabis brands and manufacturers to expand its product offerings and market reach, contributing to its overall earnings.

Greenlane Holdings Financial Statement Overview

Summary

Greenlane Holdings faces significant financial challenges, with sharp revenue declines, negative net profit margins, and persistent net losses. Although there are some improvements in balance sheet stability, cash flow issues remain a major concern, necessitating strategic restructuring.

Income Statement

Greenlane Holdings has faced significant revenue decline, with total revenue dropping sharply from $137.1M in 2022 to $9.8M in the TTM period. The company's gross profit margin is strong at 55.9%, but the net profit margin is deeply negative at -173.3%, indicating substantial net losses. The EBIT and EBITDA margins also reflect negative profitability, showing operational inefficiencies.

Balance Sheet

The balance sheet shows improvement in stockholders' equity, increasing to $23.3M in the TTM period. However, the debt-to-equity ratio has improved to a low 0.03, indicating lower leverage risk. The equity ratio stands at 61.2%, which is a positive sign of financial stability. Despite these improvements, the company still faces challenges with asset utilization and liquidity.

Cash Flow

Greenlane Holdings shows negative free cash flow, although there is a moderate improvement in operating cash flow over the periods. The free cash flow to net income ratio is negative, indicating cash flow issues. Despite positive financing cash flow, the company's operational cash flow remains negative, highlighting ongoing liquidity challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.28M	65.37M	137.09M	166.06M	138.30M
Gross Profit	6.28M	17.83M	24.98M	27.68M	22.77M
EBITDA	-10.92M	-24.63M	-172.38M	-48.15M	-44.55M
Net Income	-17.64M	-32.17M	-169.51M	-30.58M	-14.52M
Balance Sheet
Total Assets	28.63M	38.09M	146.05M	285.83M	122.65M
Cash, Cash Equivalents and Short-Term Investments	899.00K	463.00K	6.46M	12.86M	30.43M
Total Debt	8.68M	9.17M	19.80M	31.70M	11.90M
Total Liabilities	22.35M	27.10M	50.69M	89.46M	53.39M
Stockholders Equity	6.43M	11.12M	38.97M	174.53M	15.06M
Cash Flow
Free Cash Flow	-6.99M	-2.80M	-29.21M	-42.05M	-14.61M
Operating Cash Flow	-6.75M	-1.79M	-26.43M	-37.33M	-12.30M
Investing Cash Flow	-244.00K	30.00K	12.03M	-19.69M	-4.14M
Financing Cash Flow	7.43M	-10.14M	13.93M	38.96M	-1.06M

Greenlane Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 3.11 is below the 20-day moving average (MA) of 5.63, below the 50-day MA of 127.55, and below the 200-day MA of 1758.48, indicating a bearish trend. The MACD of -39.69 indicates Negative momentum. The RSI at 20.12 is Positive, neither overbought nor oversold. The STOCH value of 10.20 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
RLX	73 Outperform	$2.88B	32.55	4.07%	0.34%	75.72%	-6.45%
TPB	68 Neutral	$1.34B	32.68	27.53%	0.40%	3.17%	-2.23%
Sector *	65 Neutral	$26.97B	15.50	-4.18%	3.32%	1.01%	1.53%
ISPR	54 Neutral	$167.44M	―	-110.47%	―	-1.69%	-106.13%
XXII	44 Neutral	$2.57M	―	-385.90%	―	-56.65%	99.11%
GNLN	38 Underperform	$4.28M	―	-113.32%	―	-78.81%	92.54%
KAVL	31 Underperform	$7.85M	―	-88.92%	―	-71.85%	59.22%

Greenlane Holdings Corporate Events

Greenlane Holdings Terminates Chief Growth Officer

On June 20, 2025, Greenlane Holdings, Inc. terminated Rob Shields from the position of Chief Growth Officer. This decision may impact the company’s strategic direction and growth initiatives, potentially affecting its market positioning and stakeholder interests.

Greenlane Holdings Approves Reverse Stock Split Proposal

On June 16, 2025, Greenlane Holdings, Inc. held a Special Meeting of Stockholders where a proposal for a reverse stock split was approved. The proposal allows the board to amend the articles of incorporation to combine shares at a ratio between one-for-250 to one-for-750, with the exact ratio to be determined by the board within a year.

Greenlane Holdings Granted Nasdaq Compliance Extension

On June 2, 2025, Greenlane Holdings announced that it received an extension from the Nasdaq Hearings Panel to comply with listing rules after failing to meet the minimum bid price requirement. The company must achieve a minimum closing bid price of $1.00 per share for ten consecutive business days by July 11, 2025, following a reverse stock split, to maintain its Nasdaq listing. The extension allows Greenlane to continue its strategic initiatives aimed at enhancing shareholder value and regaining compliance, which is crucial for its market positioning and investor confidence.

Greenlane Holdings Relocates Executive Offices in Boca Raton

On May 29, 2025, Greenlane Holdings, Inc. announced a relocation of its principal executive offices within Boca Raton, Florida, moving from 1095 Broken Sound Parkway to 4800 North Federal Highway. This move could potentially impact the company’s operational dynamics and may reflect strategic positioning within the industry.

Greenlane Holdings Faces Potential Nasdaq Delisting Notice

On May 5, 2025, Greenlane Holdings received a notification from Nasdaq about the potential delisting of its securities due to concerns over shareholder dilution from a recent securities issuance. The company plans to present a compliance plan to Nasdaq and is considering trading on the OTCQB market if delisted.