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Greenlane Holdings Inc   (NASDAQ: GNLN)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 
Price: $1.5000 $-0.11 -6.832%
Day's High: $1.615 Week Perf: -0.66 %
Day's Low: $ 1.47 30 Day Perf: -5.06 %
Volume (M): 103 52 Wk High: $ 47.30
Volume (M$): $ 155 52 Wk Avg: $5.11
Open: $1.60 52 Wk Low: $1.41



 Market Capitalization (Millions $) 2
 Shares Outstanding (Millions) 2
 Employees 308
 Revenues (TTM) (Millions $) 21
 Net Income (TTM) (Millions $) -13
 Cash Flow (TTM) (Millions $) 9
 Capital Exp. (TTM) (Millions $) 1

Greenlane Holdings Inc
Greenlane Holdings Inc. is a company that is focused on the distribution of smoking and vaporization products. The company is headquartered in Boca Raton, Florida, and operates globally. Greenlane Holdings' goal is to be the world's largest distributor of vaporization products.

The company's products are designed to provide a safer and healthier alternative for smoking enthusiasts. It offers a wide range of vaporization products that are made from high-quality materials and designed to provide an optimal experience for customers. Some of its popular products include vaporizers, smoking accessories, and e-cigarettes.

Greenlane Holdings primarily targets a young and trendy market. Its products have been very popular among the millennial and Gen Z demographic, as they see vaporization as a healthier alternative to traditional smoking. With the continuous innovations in the vaping industry, Greenlane understands the importance of staying ahead of the curve and continuously adapting to market trends.

The company has a vast distribution network and works closely with its partners, wholesalers, and retailers to ensure its products reach its intended market. Greenlane Holdings has partnerships with some of the largest retailers in the industry, such as Amazon, Walmart, and Bed Bath & Beyond. The company is also the exclusive distributor for many vaping brands, such as PAX Labs, Storz & Bickel, and Juul Labs.

Greenlane Holdings has a strong commitment to sustainability and ethical business practices. The company uses eco-friendly materials in its packaging and focuses on reducing its carbon footprint. It also ensures that its suppliers maintain high ethical standards.

The company has a strong financial track record and has been growing at an impressive pace. Greenlane Holdings went public in 2019 and has attracted significant investor interest. It has a market capitalization of about $201.62 million and is publicly traded on the NASDAQ under the ticker symbol "GNLN."

In conclusion, Greenlane Holdings is a company that is focused on providing high-quality vaporization products to consumers around the world. Its commitment to sustainability, ethical practices, and constant innovation has allowed it to establish itself as a leader in the vaping industry. With its strong financial track record and growing market, Greenlane Holdings is well-positioned to continue growing and providing value to investors and customers alike.


   Company Address: 1095 Broken Sound Parkway Boca Raton 33487 FL
   Company Phone Number: 292-7660   Stock Exchange / Ticker: NASDAQ GNLN


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CGC   -8.79%    
TLRY        1.69% 
• View Complete Report
   



Greenlane Holdings Inc

Greenlane Holdings Inc. Makes Strides in Turnaround Efforts, Alleviating Losses and Showing Promising Earnings Growth in Q3 2023


By
As we delve into the financial results of Greenlane Holdings Inc for the third quarter of 2023, it becomes evident that the company has made significant strides in its turnaround efforts. The company's commitment to optimizing operations and managing costs has resulted in a substantial decrease in the loss per share compared to the previous year. Additionally, the earnings per share (EPS) have shown improvement, indicating a potential upward trajectory for the company.
One of the key highlights of the financial results is the decline in revenue. While it may seem alarming at first glance, it is important to consider the underlying factors contributing to this drop. Greenlane Holdings Inc experienced a sharp 61.196% decrease in revenue compared to the same reporting period last year, which can be attributed to a challenging market environment. However, it is worth noting that the sequential quarterly revenue decline of 43.144% indicates relative stabilization.

Greenlane Holdings Inc

Greenlane Holdings Inc Records Alarming Deficit Growth in Financial Quarter Ending June 30, 2023

Greenlane Holdings Inc, a leading provider of cannabis accessories and vaporization products, recently announced disappointing financial results for the time-frame ending June 30, 2023. The company saw a significant decline in revenue, with a decrease of 50.962% to $19.57 million compared to the same quarter last year. Additionally, the company reported a per-share loss of $-6.56, marking a substantial shortfall from the previous year.
This downturn in business is especially concerning when compared to the performance of the Wholesale industry as a whole, which saw revenue improvements during the same time period. Greenlane Holdings Inc's revenue decline of 18.302% from the previous quarter, falling from $23.96 million, is a significant setback for the company.

Greenlane Holdings Inc

Greenlane Holdings Inc's Revenue Plummets by 48.513% in Q1 2023, Raises Concerns for Future Growth Prospects

The financial results for Greenlane Holdings Inc for the fiscal span ending March 31 2023 show a mixed picture. On the positive side, the company has managed to improve its Income per Share from the previous quarter. However, on the negative side, the company experienced a significant decline in revenue of -48.513 % to $23.96 million from $46.53 million in the corresponding quarter a year ago. This decline is concerning for the company and raises questions about its future growth prospects.
Additionally, Greenlane Holdings Inc reported a net loss of $-10.248 million, which is an improvement from the deficit of $-18.749 million in the corresponding quarter a year ago. This means that the company has been able to reduce some of its losses, although it is still operating at a loss.







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