Greenlane Holdings Inc (GNLN)
NASDAQ:GNLN
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Greenlane Holdings
(NASDAQ:GNLN)
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Rating:41Neutral
Price Target:
$3.00
▲(92.31% Upside)
Action:Reiterated
Date:05/16/26
The score is weighed down primarily by severe financial deterioration (collapsed revenue, negative gross profit, extreme losses, and continued cash burn) despite minimal debt. Technicals remain weak with the stock below major moving averages, while valuation signals are limited by negative earnings and no dividend. Corporate events modestly improve the outlook via restored Nasdaq compliance and capital actions, but they do not outweigh the underlying operating and cash flow challenges.
Positive Factors
Low leverage / de‑risked balance sheet
Effectively zero debt and positive equity provide durable financial flexibility, lowering refinancing and solvency pressure. This balance sheet strength gives the company runway to execute its strategic pivot or absorb volatility from token holdings without immediate solvency risk.
Negative Factors
Collapsed revenue and negative gross profit
Core operating scale has largely evaporated and the company is selling below cost, indicating structurally impaired legacy distribution economics. Without sustainable revenue recovery, gross margin deficits will continue to impede profitability regardless of balance sheet or token positions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / de‑risked balance sheet
Effectively zero debt and positive equity provide durable financial flexibility, lowering refinancing and solvency pressure. This balance sheet strength gives the company runway to execute its strategic pivot or absorb volatility from token holdings without immediate solvency risk.
Read all positive factors
Greenlane Holdings (GNLN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.28M
Dividend YieldN/A
Average Volume (3M)125.04K
Price to Earnings (P/E)―
Beta (1Y)3.12
Revenue Growth-66.04%
EPS Growth99.58%
CountryUS
Employees49
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)-176.85
Shares Outstanding631,459
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-5.56
Enterprise Value/Revenue-3.80
Enterprise Value/Gross Profit0.86
Enterprise Value/Ebitda0.15
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
18
Very Negative
| Breakdown | Mar 2026 | 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
4.41
Negative
7.21
Negative
17.00
Negative
Market Momentum
-0.16
Positive
39.87
Neutral
2.53
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 below the 20-day moving average (MA) of 4.51, below the 50-day MA of 4.41, and below the 200-day MA of 17.00, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 39.87 is Neutral, neither overbought nor oversold. The STOCH value of 2.53 is Positive, 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
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% | |
49 Neutral | $92.70M | -2.77 | 0.84% | ― | -38.18% | -21.59% | |
47 Neutral | $724.14K | -0.10 | -247.42% | ― | -90.33% | 26.78% | |
44 Neutral | $2.99M | -0.10 | -133.50% | ― | -34.08% | 99.49% | |
41 Neutral | $2.28M | -0.16 | -162.57% | ― | -66.04% | 99.58% |
* Consumer Defensive Sector Average
GNLN
Greenlane Holdings
3.42
-88.98
-96.30%
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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...
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.