Greenlane Holdings Inc (GNLN)
NASDAQ:GNLN
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Greenlane Holdings
(NASDAQ:GNLN)
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Rating:41Neutral
Price Target:
$3.50
▲(124.36% Upside)
Action:ReiteratedDate:04/27/26
The score is held down primarily by severe financial weakness (sharp revenue contraction, deep losses, and ongoing cash burn). Technicals also remain bearish with the stock below key moving averages. Corporate events modestly help by removing an immediate Nasdaq overhang and authorizing a buyback, but these are not enough to offset the weak fundamentals and loss-driven valuation profile.
Positive Factors
De-levered balance sheet
By 2025 Greenlane materially reduced leverage to a very low absolute debt level, lowering near-term default risk and interest burden. A de‑levered balance sheet provides runway for strategic shifts and reduces urgency for emergency financing while management executes its pivot.
Negative Factors
Severe revenue collapse and deep losses
A multi‑year collapse in scale and a shift to deeply negative gross and net margins indicate the legacy distribution business no longer supports fixed costs. Restoring sustainable revenue and positive unit economics is a high‑barrier operational challenge that threatens long‑term earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
De-levered balance sheet
By 2025 Greenlane materially reduced leverage to a very low absolute debt level, lowering near-term default risk and interest burden. A de‑levered balance sheet provides runway for strategic shifts and reduces urgency for emergency financing while management executes its pivot.
Read all positive factors
Greenlane Holdings (GNLN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.75M
Dividend YieldN/A
Average Volume (3M)125.04K
Price to Earnings (P/E)―
Beta (1Y)3.02
Revenue Growth-67.19%
EPS Growth97.93%
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-11.49
Enterprise Value/Revenue-7.27
Enterprise Value/Gross Profit2.54
Enterprise Value/Ebitda0.37
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
Neutral
1.56
Price Trends
5.31
Negative
11.50
Negative
19.75
Negative
Market Momentum
-0.54
Negative
53.17
Neutral
74.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNLN, the sentiment is Neutral. The current price of 1.56 is below the 20-day moving average (MA) of 3.62, below the 50-day MA of 5.31, and below the 200-day MA of 19.75, indicating a neutral trend. The MACD of -0.54 indicates Negative momentum. The RSI at 53.17 is Neutral, neither overbought nor oversold. The STOCH value of 74.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $392.31K | -0.10 | -247.42% | ― | -90.33% | 26.78% | |
42 Neutral | $79.35M | -6.07 | -2384.12% | ― | -34.71% | -51.50% | |
41 Neutral | $2.75M | >-0.01 | -162.57% | ― | -67.19% | 97.93% | |
40 Underperform | $1.20M | -0.42 | -133.50% | ― | -27.87% | 99.41% |
* Consumer Defensive Sector Average
GNLN
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Greenlane Holdings Corporate Events
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Greenlane Regains Nasdaq Compliance and Secures Warrant Lockup
Positive
Apr 27, 2026
On April 21, 2026, Greenlane Holdings regained compliance with Nasdaq’s $1.00 minimum bid price requirement, prompting Nasdaq to cancel a previously scheduled May 5 delisting hearing and allowing the company’s Class A shares to remain ...
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 ...
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.