Greenlane Holdings Inc (GNLN)
NASDAQ:GNLN
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Greenlane Holdings
(NASDAQ:GNLN)
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Rating:41Neutral
Price Target:
$2.50
▲(60.26% Upside)
Action:UpgradedDate:04/10/26
The score is primarily weighed down by severe financial deterioration (collapsed revenue, persistent large losses, and ongoing cash burn) and a bearish technical setup (price far below major moving averages with negative MACD). Valuation provides limited support due to negative earnings, while corporate events are mixed, with buyback/strategy actions offset by elevated Nasdaq delisting risk.
Positive Factors
Strategic pivot to Berachain digital-asset treasury
Management’s deliberate repositioning from low-growth wholesale distribution to a Berachain-focused digital-asset treasury is a structural change. It converts the firm from a product distributor to an asset-backed treasury operator, potentially creating recurring protocol rewards, reducing dependence on shrinking retail channels, and aligning the company with a differentiated growth vector over the next several quarters.
Negative Factors
Severe revenue collapse and loss of scale
A multi-year collapse in revenue erodes core distribution economics, supplier leverage, and fixed cost absorption. Loss of scale reduces bargaining power, raises per-unit costs, and makes re-establishing wholesale and DTC channels costly and slow, weakening durable earnings potential even if new treasury initiatives succeed.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic pivot to Berachain digital-asset treasury
Management’s deliberate repositioning from low-growth wholesale distribution to a Berachain-focused digital-asset treasury is a structural change. It converts the firm from a product distributor to an asset-backed treasury operator, potentially creating recurring protocol rewards, reducing dependence on shrinking retail channels, and aligning the company with a differentiated growth vector over the next several quarters.
Read all positive factors
Greenlane Holdings (GNLN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.81M
Dividend YieldN/A
Average Volume (3M)125.04K
Price to Earnings (P/E)―
Beta (1Y)2.35
Revenue Growth-78.46%
EPS Growth83.71%
CountryUS
Employees49
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)-115.23
Shares Outstanding629,945
10 Day Avg. Volume103,554
30 Day Avg. Volume125,036
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.01
Price to Sales (P/S)0.17
P/FCF Ratio-0.05
Enterprise Value/Market Cap-17.53
Enterprise Value/Revenue-7.30
Enterprise Value/Gross Profit2.55
Enterprise Value/Ebitda0.38
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 Goo...
How the Company Makes Money
Greenlane primarily makes money by selling products in the smoking and vaping accessories category through (1) wholesale distribution and (2) direct-to-consumer (DTC) online sales. Wholesale revenue is generated by supplying third-party retail acc...
Greenlane Holdings Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
38
Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.36M | 13.28M | 65.37M | 137.09M | 166.06M |
| Gross Profit | -12.46M | 6.28M | 17.83M | 24.98M | 33.85M |
| 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 Assets | 74.93M | 28.63M | 38.09M | 89.69M | 285.83M |
| Cash, Cash Equivalents and Short-Term Investments | 32.51M | 899.00K | 463.00K | 6.46M | 12.86M |
| Total Debt | 166.00K | 8.68M | 9.17M | 19.80M | 31.70M |
| Total Liabilities | 7.21M | 22.35M | 27.10M | 50.69M | 89.46M |
| Stockholders Equity | 67.87M | 6.43M | 11.12M | 38.97M | 174.53M |
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 | -244.00K | 30.00K | 12.03M | -19.69M |
| Financing Cash Flow | 56.13M | 7.43M | -10.14M | 13.93M | 38.96M |
Greenlane Holdings Technical Analysis
Negative
1.56
Price Trends
6.19
Negative
12.70
Negative
21.14
Negative
Market Momentum
-1.17
Positive
35.14
Neutral
23.03
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 1.56 is below the 20-day moving average (MA) of 4.25, below the 50-day MA of 6.19, and below the 200-day MA of 21.14, indicating a bearish trend. The MACD of -1.17 indicates Positive momentum. The RSI at 35.14 is Neutral, neither overbought nor oversold. The STOCH value of 23.03 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 83 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
44 Neutral | $1.34M | -0.19 | -133.50% | ― | -34.81% | 99.30% | |
42 Neutral | $100.83M | -6.07 | -2384.12% | ― | -20.13% | -88.66% | |
41 Neutral | $1.81M | >-0.01 | -162.57% | ― | -78.46% | 83.71% | |
41 Neutral | $275.44K | -0.10 | -247.42% | ― | -88.85% | 68.28% |
* Consumer Defensive Sector Average
GNLN
Greenlane Holdings
2.88
-1,616.52
-99.82%
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Greenlane Holdings Corporate Events
Business Operations and StrategyStock BuybackStock Split
Greenlane Authorizes New Share Repurchase to Support Liquidity
Positive
Apr 9, 2026
On April 9, 2026, Greenlane announced that its board had approved a $2 million share repurchase program following a recent reverse stock split, positioning the move as a way to support liquidity and signal confidence in the company’s asset b...
Regulatory Filings and ComplianceStock Split
Greenlane Holdings Enacts Reverse Stock Split to Meet Nasdaq
Neutral
Apr 6, 2026
On April 2, 2026, Greenlane Holdings filed a Certificate of Amendment in Delaware to implement a 1‑for‑8 reverse stock split of its Class A common stock, which became effective at 12:01 a.m. Eastern Time on April 6, 2026. The action fo...
Business Operations and StrategyRegulatory Filings and ComplianceStock Split
Greenlane Announces 1-for-8 Reverse Stock Split Plan
Neutral
Apr 1, 2026
Greenlane Holdings, Inc., a Nasdaq-listed digital asset treasury company focused on BERA within the Berachain ecosystem, continues to complement its crypto-centric strategy with a reduced-scale wholesale and distribution operation run via an asset...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder MeetingsStock Split
Greenlane Details Berachain Pivot Amid Nasdaq Delisting Warning
Negative
Apr 1, 2026
Greenlane reported fourth-quarter and full-year 2025 results on March 31, 2026, highlighting a completed strategic transition away from legacy wholesale and distribution operations to a Berachain-focused digital asset treasury model. Following an ...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Greenlane Faces Nasdaq Delisting Risk, Plans Appeal Hearing
Negative
Mar 30, 2026
On March 25, 2026, Greenlane Holdings disclosed that it had received notice from Nasdaq that its Class A common stock no longer met the exchange’s $1.00 minimum bid price rule, after trading below that threshold for 30 consecutive business d...
Shareholder MeetingsStock Split
Greenlane Holders Approve Flexible Reverse Stock Split Plan
Neutral
Mar 25, 2026
On March 25, 2026, Greenlane Holdings, Inc. stockholders approved a proposal authorizing the board to implement a reverse stock split of the company’s Class A common stock at a ratio between 1-for-5 and 1-for-15, without reducing the total n...
Business Operations and StrategyFinancial Disclosures
Greenlane Highlights Berachain-Focused Digital Asset Treasury Strategy
Positive
Mar 4, 2026
On March 3, 2026, Greenlane Holdings posted an investor overview detailing its Berachain-focused digital asset treasury strategy, outlining its BERA holdings, staking activity, validator deployment, and role within the Berachain ecosystem, based s...
Business Operations and StrategyExecutive/Board Changes
Greenlane Holdings Appoints Jason Hitchcock as New CEO
Positive
Feb 18, 2026
On February 11, 2026, Greenlane Holdings, Inc.’s board unanimously appointed Jason Hitchcock, a 40-year-old co-founder of decentralized finance advisory Four Moons and former business development leader at blockchain firm Nonfungible Labs (t...
Business Operations and StrategyRegulatory Filings and Compliance
Greenlane Enters Structured BERA Token Trading Agreements
Positive
Feb 9, 2026
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 ...
Business Operations and StrategyExecutive/Board Changes
Greenlane Holdings Appoints Jonathan Hue-Fay Ip to Board
Positive
Jan 27, 2026
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 ...
Business Operations and StrategyPrivate Placements and Financing
Greenlane Holdings Launches Flexible At-The-Market Equity Program
Neutral
Jan 13, 2026
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 stoc...
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.