New Risk • May 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 271% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$18m free cash flow). Share price has been highly volatile over the past 3 months (41% average weekly change). Shareholders have been substantially diluted in the past year (271% increase in shares outstanding). Market cap is less than US$10m (€1.66m market cap, or US$1.93m). Minor Risk Revenue is less than US$5m (US$3.3m revenue). Reported Earnings • May 18
First quarter 2026 earnings released First quarter 2026 results: US$4.49 loss per share. Net loss: US$18.4m (loss widened 375% from 1Q 2025). Announcement • Apr 27
Greenlane Holdings, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement As previously disclosed, on March 25, 2026, Greenlane Holdings, Inc. (the Company) received a written notice (the Notice) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market LLC (Nasdaq) indicating that Nasdaq staff had determined to delist the Company's Class A common stock, par value $0.01 per share (the Common Stock) from the Nasdaq Capital Market since it failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days, in violation of Nasdaq Listing Rule 5550(a)(2). The Company requested a hearing, which stayed the suspension of trading pending the outcome of the hearing. On April 21, 2026, the Company was notified by Nasdaq that the Company has regained compliance with the minimum bid price requirement set in Nasdaq Listing Rule 5550(a)(2) and that the Company is therefore in compliance with the Nasdaq Capital Market's listing requirements. As a result, the Company's hearing that had been scheduled for May 5, 2026, has been cancelled, and this matter is now closed. The Common Stock will continue to be listed and traded on The Nasdaq Capital Market. Board Change • Apr 09
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Don Hunter is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 09
Greenlane Holdings, Inc. (NasdaqCM:GNLN) announces an Equity Buyback for $2 million worth of its shares. Greenlane Holdings, Inc. (NasdaqCM:GNLN) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its Class A common shares. The purpose of program is to enhance shareholder value. Any shares repurchased will be retired and returned to the status of authorized but unissued shares of common stock. The Repurchase Program has no fixed expiration date. Announcement • Apr 04
Greenlane Holdings Inc Announces Reverse Stock Split of Common Stock to Maintain Compliance with Nasdaq Listing Rule Greenlane Holdings, Inc. announced that it will effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-8, to be effective as of April 6, 2026. Greenlane's common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on April 6, 2026. Following the reverse stock split, Greenlane's common stock will continue to trade on The Nasdaq Capital Market under the symbol GNLN with the new CUSIP number, 395330 608. The reverse stock split is intended to improve perception of the Company's common stock as an investment security, appeal to a broader range of investors, and maintain compliance with Nasdaq Listing Rule 5550(a)(2). The reverse stock split will reduce the number of issued and outstanding shares of Greenlane's common stock from approximately 5,039,563 to approximately 629,945. At Greenlane's special meeting of stockholders held on March 25, 2026, Greenlane's stockholders approved the reverse stock split in connection with Greenlane's common stock and gave Greenlane's board of directors discretionary authority to select a ratio for the reverse stock split ranging from 1-for-5 shares to 1-for-15 shares. Greenlane's board of directors approved the reverse stock split at a ratio of 1-for-8 on March 25, 2026. Announcement • Mar 31
Greenlane Holdings, Inc. Receives Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market On March 25, 2026, Greenlane Holdings, Inc. (the Company) received written notice (the Notification Letter) from the staff of the Listing Qualifications Department (the Staff) of the Nasdaq Stock Market LLC (Nasdaq) that the Company no longer satisfies the $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of thirty (30) consecutive business days (collectively, the Bid Price Rule). Based on the closing bid price of the Company's Class A common stock, par value $0.01 per share (the Common Stock), for the thirty (30) consecutive business days from February 10, 2026 to March 24, 2026, the Company no longer satisfies the Bid Price Rule. While companies are typically afforded a 180-calendar day compliance period to comply with the Bid Price Rule, the Notification Letter stated that, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company was not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A) due to the fact that the Company effected a reverse stock split over the prior one-year period or effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. As noted by the Staff in the Notification Letter, the Company effected a 1-for-11 reverse stock split on August 5, 2024, and a 1-for-750 reverse stock split on June 27, 2025, resulting in a cumulative 1-for-8,250 reverse stock split ratio over the last two years. The Notification Letter stated that the Company's securities will be subject to delisting from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the Panel) by April 1, 2026. Accordingly, the Company intends to timely request a hearing before the Panel, and at which point, such timely request will automatically stay any further suspension or delisting action by Nasdaq pending the Panel's decision. During the appeal process with the Panel, the Common Stock will continue to be listed and trade on Nasdaq. There can be no assurance that the Panel will grant the Company's request for continued listing or that the Company will be able to regain compliance and thereafter maintain its listing on Nasdaq. Announcement • Feb 18
Greenlane Holdings, Inc. Appoints Jason Hitchcock as Chief Executive Officer, Effective February 18, 2026 Greenlane Holdings, Inc. announced the appointment of Jason Hitchcock as 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. Mr. Hitchcock most recently served as Head of Business Development at thirdweb, a leading open-source Web3 developer tools and infrastructure platform. In that role, he built and led the company's enterprise go-to-market strategy, scaling a program across more than 150 blockchain networks and structuring channel partnerships to drive developer tool adoption among startups building in web3. Earlier in his career, Mr. Hitchcock held senior business development and partnership leadership roles at Twitch and Bebo, contributing to platform growth in high-scale digital environments. At Bebo, Mr. Hitchcock was on the founding team and served as Head of Business Development, leading go-to-market strategy across multiple product experiments and helping drive the company's acquisition by Twitch. Mr. Hitchcock has been an active participant in decentralized finance since 2020, with hands-on experience deploying capital across decentralized finance protocols for yield generation, liquidity provisioning, and token management. He co-founded Four Moons, a decentralized finance advisory and liquid token investment firm, where he raised two private funds and managed digital asset strategies focused on yield generation through decentralized finance protocols, delivering strong returns through disciplined portfolio construction and active risk oversight. Jason holds a Bachelor of Arts in Political Science from Carleton College. As Chief Executive Officer, Mr. Hitchcock will oversee corporate strategy, capital allocation, operational execution, and the continued development of Greenlane's digital asset treasury initiatives. His mandate includes deepening the Company's participation within the Berachain ecosystem across validator infrastructure, staking, and liquidity provisioning, while maintaining governance, disclosure, and risk management standards consistent with a Nasdaq-listed public company. Announcement • Jan 30
Greenlane Highlights Berachain Addition of Ethena Usde as Approved Collateral for Money Stablecoin Greenlane Holdings, Inc. highlighted Berachain's integration of Ethena's USDe as approved collateral for HONEY, Berachain's native stablecoin. The integration is intended to expand the range of dollar-based collateral available on Berachain and may support protocol-level liquidity, network activity, and on-chain economic mechanisms within the Berachain ecosystem. HONEY is Berachain's native stable coin, designed to aggregate multiple widely used stablecoins and other tokenized dollar assets--including USDT0, Circle's USDC, PayPal's pyUSD, and now USDe-- into a unified liquidity base for applications built on the network. This structure is intended to support on-chain activity by forming a deeper pool of dollar-denominated capital to be utilized by applications across the network, which may enhance capital efficiency and improve user experience. By incorporating USDe as approved collateral forHONEY, Berachain is expanding the set of approved collateral that may support stablecoin liquidity on the network. Berachain has publicly reported that approximately $19 million of USDe is currently being used as collateral within the HONEY framework. Ethena has also publicly reported that the outstanding supply of USDe across supported venues exceeds $6 billion.4 The amount of USDe currently deployed as collateral within the HONEY Framework represents a small portion of that broader supply, and any expansion of USDe utilization on Berachain would depend on market adoption, protocol governance decisions, and technical integration considerations. The integration of USDe represents one of several initiatives announced by Berachain that Berachain hopes will expand on-chain activity and protocol-level economic functionality, in addition to ongoing infrastructure enhancements, protocol improvements, and the continued onboarding of decentralized applications over time. Announcement • Jan 28
Greenlane Holdings, Inc. Announces Board Changes, Effective January 21, 2026 Greenlane Holdings, Inc. announced that on January 21, 2026, the Board of Directors unanimously appointed Jonathan Hue-Fay Ip to the Board to fill the vacancy created by the resignation of Barbar Sher, effective immediately. Jonathan Hue-Fay Ip is the founder of Iterative Law Profession Corporation, a business law firm focused on delivering practical business-first legal services to entrepreneurs, startups and growth-oriented companies, a role he has held since 2020. Mr. Ip also currently serves as a director of LS Retail (Canada) Inc., the Canadian subsidiary of LS Retail, a developer and provider of POS and business management software. Since 2021, Mr. Ip has also served as General Counsel for Bluefin, a high-performance, non-custodial trading protocol and has served as General Counsel for Divergence Neuro, a neurotech company focused on the research and development of tools to improve mental health since 2020. Mr. Ip has also previously served as Vice President, Legal and Corporate Development at an international merchant bank and practiced in the areas of corporate/commercial, securities, M&A and corporate finance at Bennett Jones LLP and Davies Ward Phillips & Vineberg LLP (the latter as a partner). Mr. Ip received an Honours Bachelor of Science from the University of Toronto, a Bachelor of Education degree from Queen's University and a Bachelor of Laws degree from Osgoode Hall Law School. The Company believes that Mr. Ip is qualified to serve as a director due to his extensive business, investment, legal and financial experience. Announcement • Jan 08
Greenlane Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $5.355687 million. Greenlane Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $5.355687 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Nov 17
Third quarter 2025 earnings released Third quarter 2025 results: US$5.95 loss per share. Revenue: US$737.0k (down 82% from 3Q 2024). Net loss: US$8.93m (loss widened 138% from 3Q 2024). Announcement • Nov 11
Greenlane Holdings, Inc., Annual General Meeting, Dec 01, 2025 Greenlane Holdings, Inc., Annual General Meeting, Dec 01, 2025. Board Change • Nov 04
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman Don Hunter is the most experienced director on the board, commencing their role in 2021. Independent Director Michael Howe was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Oct 21
Greenlane Holdings, Inc. announced that it expects to receive $50.253516 million in funding Greenlane Holdings, Inc. entered into subscription agreements with certain accredited investors for issuance of 3,068,012 Class A common shares at an offering price of $3.84 per share for gross proceeds of $11,781,166.08, and 10,045,000 pre-funded warrants to purchase 10,045,000 shares at a purchase price of $3.83 per pre-funded warrant for gross proceeds of $38,472,350, for aggregate gross proceeds of $50,253,516.08 on October 20, 2025. Each of the cash pre-funded warrants is exercisable for one share of common stock at the remaining exercise price of $0.01 per cash pre-funded warrant share and may be exercised at any time following the closing of the cash offering until all of the cash pre-funded warrants issued in the cash offering are exercised in full. The closing of the Offerings is expected to occur on or about October 23, 2025, subject to the satisfaction of customary closing conditions. The cash shares, the pre-funded warrants, and the pre-funded warrant shares are being offered in reliance upon the exemption from the registration requirement of the Securities Act of 1933, as amended (the “Securities Act” ), pursuant to Section 4(a)(2) thereof and/or Rule 506(b) of Regulation D promulgated thereunder, and applicable state securities laws. Reported Earnings • Aug 15
Second quarter 2025 earnings released Second quarter 2025 results: US$0.003 loss per share. Revenue: US$788.0k (down 70% from 2Q 2024). Net loss: US$3.22m (loss widened 423% from 2Q 2024). Announcement • Jul 03
Greenlane Holdings Inc Appoints Mike Hinson as Executive Vice President of Sales Greenlane Holdings Inc. announced the appointment of Mike Hinson as the Company's Executive Vice President of Sales. Hinson will be responsible for revenue optimization, sales strategies, business development, and emerging growth opportunities. Hinson brings more than two decades of experience leading high-performing sales teams and driving substantial revenue growth for top-tier companies. Prior to Greenlane, Hinson served as Senior Vice President of Sales at Besmartee, where he was responsible for developing and executing the company's sales strategy, managing a team of regional sales managers and account executives, and identifying new business opportunities to drive revenue growth. He has also held leadership roles at AudienceView, RealPage, Inc., and Paciolan. Hinson holds a Bachelor of Business Administration degree from James Madison University. Announcement • Jun 29
Greenlane Holdings, Inc. Announces Termination of Rob Shields from the Position of Chief Growth Officer, Effective June 20, 2025 On June 20, 2025, Greenlane Holdings, Inc. (the Company) terminated Rob Shields from the position of Chief Growth Officer. Announcement • May 10
Greenlane Holdings Receives a Notification Letter from the Listing Qualifications Department of the Nasdaq Stock Market On May 5, 2025, Greenlane Holdings, Inc. received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), stating that based on its review of the Company’s public filings with the Securities and Exchange Commission (the “SEC”), its staff has determined to delist the Company’s securities pursuant to its discretionary authority under Listing Rule 5101. Specifically, as set in the letter, Nasdaq’s staff determined that the Company’s issuance of securities pursuant to the securities purchase agreement dated February 18, 2025, particularly the Series B warrants exercisable on an alternate cashless basis as described in the Company’s prior SEC filings, raises public interest concerns because the issuance resulted in substantial dilution for its shareholders. Accordingly, as set in the letter, this matter serves as an additional basis for delisting the Company’s securities from Nasdaq. The letter serves as a formal notification that the Nasdaq Hearings Panel (the “Panel”) will consider this matter in rendering a determination regarding the Company’s continued listing on Nasdaq. Pursuant to Listing Rule 5810(d), the Company should present its views with respect to this additional deficiency at its upcoming Panel hearing. The Company plans to submit a compliance plan to the Panel. The Company also plans to apply for trading on the OTCQB market maintained by OTC Markets Group Inc. to address the risk of delisting from Nasdaq in the event of an unfavorable Panel decision. Announcement • Apr 05
Greenlane Holdings Receives A Non-Compliance Notice from the Nasdaq Stock Market On April 2, 2025, Greenlane Holdings, Inc. received a notice from The Nasdaq Stock Market LLC stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Rule”) because for the previous 30 consecutive business days, the closing bid price of the Company’s common stock was below the $1.00 per share minimum required for listing on The Nasdaq Capital Market. The Notice also noted that normally the Company would be afforded a 180-calendar day period to demonstrate compliance, however pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A) due to the fact that the Company has effected a reverse stock split over the prior one-year period. Accordingly, the Company’s securities would be delisted from Nasdaq on April 9, 2025. Accordingly, unless the Company requests an appeal of this determination by April 9, 2025, Nasdaq has determined that the Company’s securities will be scheduled for delisting from Nasdaq and will be suspended at the opening of business on April 11, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration from Nasdaq (the “Delisting Determination”). The Company intends to appeal the Delisting Determination on or before April 9, 2025, by requesting an appeal with a Nasdaq Hearings Panel. A request for an appeal will stay the delisting of the Company’s common stock pending the Nasdaq Hearings Panel’s decision. There are no assurances a favorable decision from the listing panel will be obtained or that the Company’s common stock will remain listed on The Nasdaq Capital Market. Announcement • Feb 21
Greenlane Holdings, Inc. announced that it has received $25.000002 million in funding On February 19, 2025 Greenlane Holdings, Inc. closed the transaction and issued 21,008,405 Common Units or Pre-Funded Units at issue price of $1.19 for gross proceeds of $25,000,002. each consisting of one share of Common Stock or one Pre-Funded Warrant, one Series A PIPE Common Warrant to purchase one share of Common Stock per warrant at an exercise price of $1.4875 and one Series B PIPE Common Warrant to purchase one share of Common Stock per warrant at an exercise price of $2.975. Announcement • Feb 19
Greenlane Holdings, Inc. announced that it expects to receive $25 million in funding Greenlane Holdings, Inc. announced that it has entered into definitive agreements to issue 21,008,403 Common Units at a price of $1.19 per unit for gross proceeds of $25 million on February 18, 2025. The offering consisted of the sale of Common Units, each consisting of one share of Common Stock or one Pre-Funded Warrant, one Series A PIPE Common Warrant to purchase one share of Common Stock per warrant at an exercise price of $1.4875 and one Series B PIPE Common Warrant to purchase one share of Common Stock per warrant at an exercise price of $2.975. The transaction is expected to close on or about February 19, 2025. Announcement • Dec 24
Greenlane Holdings, Inc. Appoints Rob Shields as Chief Growth Officer, Effective January 1, 2025 Greenlane Holdings, Inc. announced it that Rob Shields has been appointed to the new role of Greenlane's Chief Growth Officer (CGO), effective January 1, 2025. Shields has served as a consultant for Greenlane since October 2024.Shields is a trusted global sales and marketing leader with over 30 years of experience in growing purpose-driven consumer and business technology brands. In his new role, Shields will lead strategic growth initiatives focusing on expanding Greenlane's market reach, driving business development, and enhancing customer relationships. He is known for his strategic leadership, unwavering focus on consumer-centric innovation and commitment to ongoing transformation efforts. He joins Greenlane from MOOMOO Financial Canada, a leading online trading platform with over 24 million users, where, as President and Country Head, he was responsible for all aspects of market entry and expansion across Canada including regulatory,legal, human resources, marketing, and financial operations. Prior to joining MOOMOO Financial, Shields was Chief Marketing, Customer Experience & Sales Officer, at Questrade, one of Canada's leading, non-bank online brokerages with over $30 billion in assets under administration. Reporting directly to the CEO, Shields was accountable for 227 marketing and sales professionals and responsible for generating full funnel KPIs from awareness to conversion and revenue growth. Prior to Questrade, he held various senior sales, marketing and product development positions at Paymi, Pinpoint Marketing Partners, Canadian Tire Corporation, Hudson's Bay Company and Aeroplan. Shields began his career with Deloitte Consulting. Announcement • Nov 21
Greenlane Holdings, Inc., Annual General Meeting, Dec 31, 2024 Greenlane Holdings, Inc., Annual General Meeting, Dec 31, 2024. Reported Earnings • Nov 16
Third quarter 2024 earnings released: US$2.28 loss per share (vs US$20.96 loss in 3Q 2023) Third quarter 2024 results: US$2.28 loss per share (improved from US$20.96 loss in 3Q 2023). Revenue: US$4.04m (down 66% from 3Q 2023). Net loss: US$3.76m (loss narrowed 64% from 3Q 2023). Announcement • Aug 29
Greenlane Holdings, Inc. announced that it has received $6.5 million in funding On August 28, 2024, Greenlane Holdings, Inc. closed the transaction. The company will issue securities pursuant to exemption provided under Regulation D from three investors. Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$1.33 loss per share (vs US$62.13 loss in 2Q 2023) Second quarter 2024 results: US$1.33 loss per share (improved from US$62.13 loss in 2Q 2023). Revenue: US$2.65m (down 87% from 2Q 2023). Net loss: US$615.0k (loss narrowed 93% from 2Q 2023). 
