BOCA RATON, Fla., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ: GNLN) today announced the appointment of Jason Hitchcock as its Chief Executive Officer, effective immediately. Mr. Hitchcock is a technology executive with over 15 years of experience building and scaling revenue engines across SaaS, blockchain infrastructure, and decentralized finance. He joins Greenlane as the Company continues to execute its Berachain-focused Digital Asset Treasury ("DAT" ...

Group 1: Stock Performance - Greenlane Holdings Inc. shares surged 71.72% to $1.58 in after-hours trading, despite closing regular trading at $0.92, down 7.05% [1] - The stock has experienced a staggering decline of 99.90% over the past 12 months, with a market capitalization of $7.33 million [4] - Currently, the stock is positioned just above its 52-week low, roughly 0.002% above the bottom of its annual range [4] Group 2: Company Developments - Greenlane Holdings announced a Berachain-focused digital asset treasury strategy in late January [3] - A wholly owned subsidiary of Greenlane signed a Token Purchase and Sale Agreement and a Token Lending Agreement with Berachain Operations Corporation [2]

Industry Overview - The legal cannabis industry is experiencing significant changes, particularly with cannabis now classified as a Schedule 3 substance in the US, which facilitates further research and banking reform efforts [1][2] - Global investment in marijuana stocks is increasing, driven by the expansion of cannabis products in various markets and the potential for substantial profits in the sector [2][3] Company Highlights - **Greenlane Holdings, Inc. (NASDAQ:GNLN)**: Engages in the development and distribution of cannabis accessories and vape devices. Recently announced a partnership with Infrared Finance to deploy 30 million units of BERA into validator infrastructure [4][7][8] - **Jushi Holdings Inc. (OTC:JUSH)**: A vertically integrated cannabis company involved in cultivation, processing, retail, and distribution. Recently opened its second Beyond Hello location in Cincinnati, Ohio, expanding its retail footprint to 7 locations in the state and a total of 43 nationwide [9][10] - **Trulieve Cannabis Corp. (OTC:TCNNF)**: Operates as a cannabis retailer, cultivating and distributing cannabis products. Recently closed a US$60 million private placement of 10.5% senior secured notes, bringing the total issued notes to US$200 million [11]

Core Viewpoint - Intesa Sanpaolo's CEO Carlo Messina expressed his willingness to continue leading Italy's largest bank for an additional four years beyond his current mandate, which ends in 2028 [1] Group 1 - Carlo Messina is currently the Chief Executive of Intesa Sanpaolo [1] - The bank is recognized as Italy's largest financial institution [1] - Messina's current mandate is set to conclude in 2028 [1]

Core Insights - Greenlane Holdings has announced the integration of Ethena's USDe as approved collateral for Berachain's HONEY stablecoin, expanding the collateral options available on the platform [1][2] - The integration aims to enhance liquidity, network activity, and economic mechanisms within the Berachain ecosystem by creating a deeper pool of dollar-denominated capital [1][2] - Currently, approximately $19 million of USDe is being utilized as collateral within the HONEY framework, while the total supply of USDe exceeds $6 billion [2] Company Overview - Greenlane Holdings is focused on a Berachain-centered digital asset treasury strategy, which includes acquiring BERA and enhancing BERA-per-share through treasury management [4] - The company is actively participating in the Berachain ecosystem by engaging in network staking, liquidity provisioning, and supporting decentralized applications [4] Berachain Insights - Berachain is the first blockchain utilizing Proof of Liquidity, designed to facilitate business scaling and sustainable on-chain economies [5] - The platform has successfully raised $150 million from notable digital asset investors, indicating strong market confidence [5] Ethena Overview - Ethena is the protocol behind USDe, which has seen significant growth, with a peak circulating supply exceeding $14 billion [6] - Ethena also contributes to USDtb, the 13th-largest stablecoin, with nearly $1 billion in supply [6]

Core Insights - Greenlane Holdings, Inc. has partnered with Infrared Finance to deploy up to 30 million units of BERA into validator infrastructure on the Berachain network, aligning with protocol decentralization and custody standards [1][2] - The partnership allows Greenlane to engage with Berachain's validator infrastructure through a specialized third-party operator, enhancing its digital asset treasury strategy [4][6] Company Strategy - Greenlane's digital asset treasury strategy focuses on the long-term accumulation and active management of BERA through validator participation, staking, and other ecosystem-aligned activities [6][8] - The deployment of BERA through Infrared is structured across multiple validators to support decentralization and network resilience, adhering to Berachain's protocol rules [5][6] Industry Context - Berachain utilizes a Proof-of-Liquidity consensus mechanism that aligns network security with liquidity provision and on-chain economic activity, with variable incentives determined by protocol parameters and market conditions [3][10] - The Berachain network has raised $150 million from prominent digital asset investors, indicating strong institutional interest and support for its ecosystem [10]

Industry Overview - The cannabis industry is experiencing significant changes in 2026, with high speculation about its future, particularly in the U.S. and Canada, which are leading the sector [1][2] - The recent rescheduling of cannabis to a class 3 substance by the federal government in the U.S. is expected to facilitate further testing and expansion without federal concerns, potentially benefiting companies in the industry [2][3] Company Highlights - **Green Thumb Industries Inc. (GTBIF)**: - The company reported Q3 2025 earnings with a revenue of $291.4 million, reflecting a 1.6% increase year-over-year [9] - Cash at the end of the quarter was $226.2 million, with a GAAP net income of $23.3 million, or $0.10 per share [9] - Adjusted EBITDA was $80.2 million, representing 27.5% of revenue, and cash flow from operations was $74.1 million [9] - **Greenlane Holdings, Inc. (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 [10][12] - Recently announced that Canopy Growth Co-founder Bruce Linton will join its board of directors [14] - **Curaleaf Holdings, Inc. (CURLF)**: - Expected fourth quarter net revenue for 2025, excluding discontinued businesses, is projected to be at least $330 million [15][16] - Anticipated adjusted gross profit margin for the fourth quarter, excluding discontinued businesses, is approximately 48.5% [16]

Industry Overview - The cannabis industry is poised for significant growth in 2026, especially with the recent reclassification of cannabis from Schedule 1 to Class 3, which could facilitate import and export opportunities [2][3] - The changing legal landscape in the U.S. and other regions is expected to boost investor confidence and create a more robust market for cannabis operators globally [3] Company Highlights - **Green Thumb Industries Inc. (OTC:GTBIF)** reported Q3 2025 earnings with a revenue of $291.4 million, reflecting a 1.6% increase year-over-year. The company had cash on hand of $226.2 million and a GAAP net income of $23.3 million, translating to $0.10 per share. Adjusted EBITDA was $80.2 million, representing 27.5% of revenue [10] - **Jushi Holdings Inc. (OTC:JUSHF)** is a vertically integrated cannabis company involved in cultivation, processing, retail, and distribution for medical and adult-use markets. The company recently amended the CEO's employment agreement, which was approved by independent directors [11][12] - **Greenlane Holdings, Inc. (OTC:GNLN)** focuses on the development and distribution of cannabis accessories and vape devices. In its Q3 2025 update, the company reported total revenue of $0.74 million, with operating expenses of $4.0 million and a net loss of $8.9 million [12][13] Investment Opportunities - The article suggests that investors should keep an eye on several marijuana stocks for potential gains in 2026, including Green Thumb Industries, Jushi Holdings, and Greenlane Holdings [4][9]

Company Updates - Greenlane Holdings Inc. announced the resignation of its CEO, Barbara Sher, effective immediately, leading to an 11% drop in shares, closing at $2.35 on Friday [1] - Tokyo Lifestyle Co. Ltd. reported a loss of 2 cents per share for H1, compared to earnings of 3 cents per share in the previous year, while sales increased to $190.421 million from $98.003 million, resulting in a 3.3% decline in shares to $2.66 in after-hours trading [1] - Comfort Systems USA Inc. appointed COO Trent T. McKenna as president, effective January 1, with shares gaining 0.6% to $945.99 in after-hours trading [1] - cbdMD Inc. reported a loss of 8 cents per share for the fourth quarter, slightly worse than market estimates of a loss of 7 cents per share, but sales of $4.721 million exceeded estimates of $4.702 million, leading to a 1.3% increase in shares to $1.53 in after-hours trading [1] - Rithm Property Trust Inc. announced a 1-for-6 reverse stock split effective December 30, 2025, with shares falling 2.5% to close at $2.78 on Friday [1]

Core Points - Greenlane Holdings, Inc. held its Annual Meeting of Stockholders on December 1, 2025, which was adjourned and reconvened on December 9, 2025 [1] - The company announced the election results of its board of directors, with Bruce Linton being elected as the new Chairman [2] - Stockholders approved the re-appointment of PKF O'Connor Davies, LLP as auditors for the fiscal year ending December 31, 2025 [2] - Additional proposals approved include an amendment to the 2019 Equity Incentive Plan, a Financing Proposal for issuing shares and pre-funded warrants, and an Advisory Compensation Proposal [3] Election Results - Barbara Sher received 126,884 votes (97.06% FOR) and 3,832 votes (2.93% AGAINST) [2] - Donald Hunter received 126,674 votes (96.86% FOR) and 4,095 votes (3.13% AGAINST) [2] - Bruce Linton received 127,751 votes (97.75% FOR) and 2,940 votes (2.24% AGAINST) [2] - William Levy received 127,920 votes (97.82% FOR) and 2,848 votes (2.17% AGAINST) [2] - Michael C. Howe received 126,809 votes (96.97% FOR) and 3,959 votes (3.02% AGAINST) [2] Proposals Approved - Amendment to increase the number of shares authorized under the 2019 Equity Incentive Plan to 3,000,000 [3] - Financing Proposal for issuing shares of common stock and pre-funded warrants [3] - Advisory Compensation Proposal for issuing pre-funded warrants to certain advisors [3]