Trade Greenlane - GNLN CFD

Greenlane Company profile

About Greenlane Holdings Inc

Greenlane Holdings, Inc. is a holding company. The Company sells cannabis accessories and liquid nicotine products across the world. It operates as a third-party brand accelerator and a distribution platform for consumption devices and lifestyle brands serving the global cannabis, hemp-derived cannabidiol (CBD) and liquid nicotine markets. The Company is in the partnership with many brands, including PAX Labs, Grenco Science, Storz & Bickel, Firefly, DaVinci, Santa Cruz Shredder, Cookies and others. It has also set out to develop a portfolio of the Company’s own brands, Greenlane Brands. The Company Greenlane Brands include VIBES Rolling Papers, Pollen Gear, the Marley Natural accessory line, Aerospaced & Groove grinders, K. Haring Glass Collections, and Higher Standards, which serves as both upscale product line and an retail experience with flagship stores at New York City’s famed Chelsea Market and a location in California's iconic Malibu Village.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Greenlane Holdings Inc revenues increased 8% to $110M. Net loss increased from $11M to $23.6M. Revenues reflect United States segment increase of 17% to $96.9M. Higher net loss reflects General and administrative - Balancing increase of 60% to $26.5M (expense), Labor & Related Expenses in SGA increase of 31% to $23.2M (expense).