BOCA RATON, FLORIDA / ACCESS Newswire / December 15, 2025 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (Nasdaq:GNLN), a Berachain-focused digital asset treasury company and global seller of premium cannabis accessories, is pleased to announce the voting results from its Annual Meeting of Stockholders (the "Meeting") convened on December 1, 2025 and adjourned to, and reconvened on, December 9, 2025.Each of the directors listed as a nominee in the Proxy Statement, including new Chairman of the ...

Core Insights - The marijuana stock market is experiencing volatility, but there is potential for upward trading as reforms are anticipated in 2026 [1][3] - Many cannabis companies have shown strong financial progress, with some reporting positive results in Q3 2025, which boosts investor confidence [2][3] - The cannabis industry is evolving, and companies that adapt and show progress may yield future gains for investors [3] Company Highlights - **GrowGeneration Corp.** operates retail hydroponic and organic gardening stores in the U.S. and focuses on meeting the needs of cultivators for consistency, yield, and cost efficiency [4][7] - **Hydrofarm Holdings Group, Inc.** manufactures and distributes hydroponics equipment for controlled environment agriculture in the U.S. and Canada [8] - **Greenlane Holdings, Inc.** develops and distributes cannabis accessories and vape devices across multiple regions, including the U.S., Canada, Europe, and Latin America [10] Financial Performance - Greenlane Holdings reported a decrease in net sales to $29.4 million from $44.0 million, with a gross profit margin decline to 11.6% from 19.4% [12] - The adjusted gross profit margin for Greenlane also decreased to 18.8% from 24.3%, while net loss increased to $16.4 million from $13.1 million [12] - Cash used in operating activities improved by $4.4 million, and free cash flow improved by $5.1 million [12]

Core Insights - The article emphasizes the importance of building a trading plan for investing in marijuana stocks, focusing on understanding the legal sector and company performance [1][2] - Legal battles and regulatory concerns have created challenges for operators, leading to decreased trading activity, which may present opportunities for investors [2] - The cannabis sector is characterized by high volatility, but 2026 is anticipated to be a significant year for potential profits [3] Company Summaries - **GrowGeneration Corp. (NASDAQ: GRWG)**: The company operates retail hydroponic and organic gardening stores in the U.S. and reported Q3 2025 financial results showing net sales of $47.3 million, a 15.4% increase quarter-over-quarter, with a gross profit margin of 27.2% compared to 21.6% in Q3 2024 [4][9] - **Greenlane Holdings, Inc. (NASDAQ: GNLN)**: Engages in the development and distribution of cannabis accessories and lifestyle products across multiple regions, including the U.S., Canada, Europe, and Latin America [8]

Here Is How To Set Up Your Marijuana Stock Investments The Right WayWith the loss of the 2018 Farm Bill, many hemp businesses are left figuring out what to do. But how will this impact other cannabis companies in the sector, and what does this mean for marijuana stock investors? Currently, it appears that the sector has not been as severely impacted as hemp operators. Many gas stations, corner stores, and smoke shops use this bill to sell delta 8, delta 9, and TCH-A products.With a one-year timeline to see ...

Core Insights - Greenlane Holdings, Inc. reported its financial results for Q3 and the first nine months of 2025, highlighting its focus on Berachain and digital asset treasury strategies [1] Financial Performance - The company provided an update on its financial performance for the third quarter and nine months ended September 30, 2025 [1] Business Strategy - Greenlane is focusing on the expansion of its Berachain treasury strategy, which utilizes the BERA token, a fee token of Berachain, the first Layer 1 blockchain powered by Proof of Liquidity (PoL) [1]

Financial Performance - For the three months ended September 30, 2025, net sales decreased to $737,000 from $4,038,000 in the same period of 2024, representing an 81.8% decline[162]. - Gross profit for the three months ended September 30, 2025, was a loss of $5,103,000 compared to a profit of $3,027,000 in 2024, indicating a significant deterioration in profitability[162]. - The total net sales for the nine months ended September 30, 2025, were $2,994,000, down from $11,616,000 in 2024, reflecting a 74.2% decrease[162]. - As of September 30, 2025, accounts receivable decreased to $4,138,000 from $4,262,000 as of December 31, 2024, showing a slight decline[162]. - For the three months ended September 30, 2025, the net loss attributable to Class A common stockholders was $8.93 million, resulting in a basic and diluted net loss per share of $6.44[142]. Liquidity and Capital Management - The Company aims to improve liquidity and profitability through cost reduction, new product introductions, and customer acquisition[36]. - The Company raised $6.5 million through a securities purchase agreement on August 12, 2024, issuing 3,152 units consisting of common stock and warrants[38]. - A note of $3,237,269 was issued on August 7, 2024, with a 20% original issue discount, convertible into common stock after maturity[37]. - The Company entered into definitive agreements for a $25.0 million offering of Class A common stock on February 18, 2025[40]. - The Company received approximately $24.3 million in cash and $19.0 million in USDT and USDC from a private placement closed on October 23, 2025[163]. - The Company plans to use the majority of the proceeds from the private placement to acquire BERA and establish digital asset treasury operations, with $3.0 million allocated for legacy operations[164]. Inventory Management - As of September 30, 2025, total gross inventory was approximately $23.0 million, with reserves of approximately $17.0 million, resulting in a net carrying value of approximately $6.0 million[66]. - The Company recorded a $5.0 million increase to its reserve for slow-moving and obsolete inventory during the three months ended September 30, 2025[66]. - A 10 percentage point reduction in expected recovery rates would increase the reserve by approximately $0.6 million based on balances as of September 30, 2025[66]. - An Inventory Monetization Project was initiated to accelerate the disposition of aged inventory after September 30, 2025[171]. Debt Management - An Exchange Agreement on October 29, 2024, reduced outstanding debt by approximately $617,000, with new Senior Subordinated Notes of $4,000,000 issued[39]. - The Exchange Note of $4.0 million was paid off in full during the nine months ended September 30, 2025[94]. - The Company extinguished the Secured Bridge Loan, resulting in a gain of $2.1 million recorded in the consolidated statement of operations for the year ended December 31, 2024[102]. - The principal balance with Synergy decreased from $5.1 million to $2.7 million as part of the debt modification[102]. - The Company utilized $4.0 million from the 2025 Offering proceeds to pay off a Note in full during the nine months ended September 30, 2025[99]. Operational Focus - Management is focusing on cost controls and monetizing legacy assets to minimize losses and working capital needs[54]. - New distribution agreements were established in Q2 2025 to enhance the vaporizer product category[57]. - The Company has successfully renegotiated vendor and supplier partnership terms to improve working capital arrangements[59]. - The Company continues to run operations related to the EU subsidiary purchase agreement, but sales were not material for the three and nine months ended September 30, 2025[80]. - The Board began evaluating strategic alternatives for the legacy distribution business after September 30, 2025[170]. Legal and Compliance - The Company is currently involved in various legal proceedings but does not believe any will have a material adverse effect on its business[105]. Stock and Equity - Class A common stock has voting and economic interests, with all Class B shares converted to Class A as of December 2022[129]. - A one-for-750 reverse stock split was completed on June 25, 2025, converting every 750 shares into one share of Common Stock[130]. - The weighted average shares of Class A common stock outstanding for the three months ended September 30, 2025, were 1,386,551[142]. - As of September 30, 2025, the company had 31,552 warrants to purchase common stock excluded from the diluted net loss per share calculation due to anti-dilution effects[147]. - The Company recognized no equity-based compensation expense for the nine months ended September 30, 2025, compared to $86,000 in 2024[149]. Taxation - The operating company's tax status changed from a partnership to a disregarded entity effective December 31, 2022, impacting tax reporting starting in 2023[151]. - As of September 30, 2025, the company established a full valuation allowance against deferred tax assets, reflecting a carrying balance of $0[152]. Digital Asset Strategy - The Company established a digital-asset treasury and expects to begin holding crypto assets in the fourth quarter of 2025[166]. - The Company incurred costs related to evaluating digital-asset alternatives and transitioning to a crypto-treasury operating model during the three and nine months ended September 30, 2025[76]. - The Company is exposed to market risk from changes in the fair value of BERA and other digital assets acquired after quarter end, with no crypto assets held as of September 30, 2025[274].

Financial Performance - Total revenue for Q3 2025 was $0.74 million, a decrease of 81.7% compared to $4.0 million in the prior year period[6] - Total operating expenses increased to $4.0 million, up from $3.6 million in the prior year period[7] - Net loss for Q3 2025 was $8.9 million, compared to a net loss of $3.8 million in the prior year period, reflecting a significant increase in losses[8] - For the nine months ended September 30, 2025, the net loss was $16,015, compared to a net loss of $8,882 for the same period in 2024, indicating a 80% increase in losses year-over-year[17] - Cash flows used in operating activities totaled $11,802 for the nine months ended September 30, 2025, compared to $5,232 in 2024, reflecting a 126% increase in cash outflow[17] - Cash as of the end of the period was $1,810, down from $2,309 at the end of the same period in 2024, showing a decrease of 22%[17] Capital and Financing - On October 23, 2025, the company closed a $110.7 million private placement, resulting in approximately $24.3 million of net cash proceeds and approximately $19.0 million of stablecoin proceeds[10] - The company reported a net cash provided by financing activities of $12,788 for the nine months ended September 30, 2025, up from $7,248 in 2024, representing a 76% increase[17] Asset Management - As of September 30, 2025, the company had cash and cash equivalents of $1.8 million, with no borrowings outstanding[9] - A non-cash inventory reserve of $5.0 million was recorded to reflect expected recoveries from legacy product lines[8] - The company holds approximately 54.2 million BERA tokens as of October 23, 2025, as part of its treasury strategy[10] - The company has entered the cryptocurrency industry and is implementing a digital asset treasury strategy to manage cash assets[18] - The company aims to manage BERA tokens to generate yields through staking and enhance long-term value as adoption increases[11] Strategic Initiatives - The company is transitioning to a capital-light, IP-driven operating model under the BERA initiative[8] - The leadership team has been strengthened with the appointment of Bruce Linton as Chairman and Ben Isenberg as Chief Investment Officer[5] - Greenlane operates as a global platform for premium smoking accessories and has a diverse distribution network including specialty retailers and convenience stores[18] - The company is focused on executing its growth strategy and raising capital effectively to enhance market position and operational performance[20] Future Outlook and Risks - Future announcements and priorities will include developments in technology and competitive landscape adjustments[19] - The company has not provided specific future financial guidance but emphasizes the importance of effective capital deployment[20] - Risks include the ability to execute growth strategies and market performance of its products, which may impact future results[20]

The Company holds $50M of cash and approximately 55M BERA, valued at $110M based on Binance's 24-hour VWAP for the period ending at 12:00 a.m. ET on October 23, 2025 Ben Isenberg appointed as Chief Investment Officer to manage the Berachain treasury strategy Bruce Linton joins the board as Chairman, and Billy Levy joins as director BOCA RATON, FLORIDA / ACCESS Newswire / October 24, 2025 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (Nasdaq:GNLN) today announced the successful completion of its ...

Core Insights - Greenlane Holdings has initiated a $110 million private placement to establish "BeraStrategy," positioning BERA as the main reserve asset of the Berachain network [1][2] - This marks the first instance of a US public company creating a Berachain-backed treasury, comprising approximately $50 million in cash and $60 million in BERA tokens [2][3] - The investment aims to acquire BERA from various markets and support general working capital, with new leadership appointed for the initiative [3] Investment Details - The PIPE deal is led by Polychain Capital and includes participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, and dao5, expected to close around October 23 [1][2] - Shares and warrants are priced at approximately $3.84 and $3.83, respectively [2] Market Context - BERA's price has fluctuated between $1.98 and $2.05, reflecting a 6% daily gain with trading volumes between $95 million and $115 million [4] - Berachain operates on a Layer-1 blockchain utilizing Proof of Liquidity (PoL), linking validator security with on-chain liquidity and dApp activity [4] Strategic Implications - The incoming CIO, Ben Isenberg, highlights BERA's advantage in yield generation through PoL-driven block-reward monetization [5] - The move is seen as a significant step towards engaging capital markets and attracting institutional interest, according to Jonathan Ip from the Berachain Foundation [5] Price Dynamics - Traders are monitoring whether treasury-related inflows can maintain BERA's price above the $2 mark, which has been a focal point in recent trading sessions [6] - External forecasts regarding BERA's price are mixed, with potential downside risks noted if broader market conditions weaken [6]

Core Insights - Greenlane Holdings Inc. has raised $110 million in a private investment round to fund its digital asset treasury focused on BERA, the native cryptocurrency of Berachain [2][3] - The financing was led by Polychain Capital, with participation from notable investors such as Blockchain.com and Kraken, indicating strong institutional interest in the digital asset space [3][10] - Greenlane is launching "BeraStrategy," a dedicated digital asset management arm, to oversee its new treasury strategy [6][10] Investment Details - The investment round includes $50 million in cash or cash equivalents and $60 million in BERA tokens, with investors purchasing Greenlane's Class A common stock at $3.84 per share [3][4] - The deal is expected to close around October 23, 2025, positioning Greenlane as the largest publicly traded holder of Berachain tokens [4] Strategic Shift - Proceeds from the investment will be used to acquire additional BERA tokens, making BERA the company's primary treasury reserve asset, akin to how some companies have adopted Bitcoin or Ether [5][12] - The involvement of institutional investors like Polychain Capital and the participation of crypto-native firms highlight the growing convergence between traditional finance and decentralized finance [9][10] Market Reaction - Following the announcement, Greenlane's stock surged by 30% in premarket trading, reflecting investor optimism regarding the company's pivot towards digital assets [11] - This move aligns Greenlane with other public companies that have embraced blockchain exposure, marking a new phase in corporate treasury management [12] Broader Implications - The integration of Berachain with regulated markets could enhance liquidity and governance participation, contributing to long-term stability within the ecosystem [13] - The shift towards a structured crypto treasury may pave the way for hybrid models that combine corporate strategy with decentralized technology [13]