Greenlane Holdings Inc
gnln.comWhat Do They Do?
Manages a BERA-focused digital-asset treasury through staking and validator participation, and sells lifestyle accessories and consumer products to wholesale buyers and online shoppers.
10-K for FY2025, filed Mar 31, 2026Founded in 2005, Greenlane is a public company whose primary strategic focus is a digital asset treasury strategy centered on BERA. We also…View ↗
In October 2025, we undertook a substantial strategic transition from a traditional wholesale and distribution operating model to a digital…View ↗
We may increase our BERA position over time through purchases, staking, validator activities, and other permitted treasury activities.…View ↗
In addition to our digital asset treasury activities, the Company continues to operate a legacy lifestyle accessories commerce platform…View ↗
The legacy business is currently managed to preserve liquidity and fulfill contractual obligations. The Company does not currently…View ↗
How Do They Make Money?
Customers pay for legacy products at the point of sale or delivery; the company also earns staking rewards when validation work is performed and the reward is determinable.
10-K for FY2025, filed Mar 31, 2026
$4.4M
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10-K for FY2025, filed Mar 31, 2026
$4.4M ↗
Who Are Their Customers?
The wholesale segment distributes accessories, vape devices and lifestyle products to wholesale customers; the company also sells through its e-commerce platform, vapor.com.
10-K for FY2025, filed Mar 31, 2026Due to the launch of the digital asset treasury reserve strategy in October 2025 and continual assessment of the requirements under ASC…View ↗
In addition to our digital asset treasury activities, the Company continues to operate a legacy lifestyle accessories commerce platform…View ↗
The legacy business is currently managed to preserve liquidity and fulfill contractual obligations. The Company does not currently…View ↗
Do Revenues Turn Into Profits?
No. It lost $85.6M in FY2025.
10-K for FY2025, filed Mar 31, 2026
−$54.2MView ↗
10-K for FY2025, filed Mar 31, 2026
−$85.6MView ↗
10-K for FY2025, filed Mar 31, 2026
−$16.4MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$24.8MView ↗
- ▲ +672% (Loss)
- vs −$3.2M in Q2 FY2025
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Sep 30, 2026
Subsidiaries transferred substantially all assets for creditor liquidation
The assignee took control of assets of subsidiaries that conducted the legacy wholesale business, and Greenlane will deconsolidate those entities.
Sources
8-K, filed Oct 7, 2026
On September 30, 2026, Greenlane Holdings, LLC, Warehouse Goods LLC, KIM International, LLC and Kush Supply Co. LLC (collectively, the…View ↗
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Apr 27, 2026
Nasdaq said Greenlane had regained listing compliance
The scheduled hearing was canceled, and the company’s common stock was to continue trading on Nasdaq.
Sources
8-K, filed Apr 27, 2026
On April 21, 2026, the Company was notified by Nasdaq that the Company has regained compliance with the minimum bid price requirement set…View ↗
From distribution to a BERA treasury
The business moved from distributing cannabis accessories, vape devices and lifestyle products as its central activity to managing a BERA-focused digital-asset treasury, while retaining a reduced wholesale and drop-ship business.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026Founded in 2005, Greenlane is a premier global platform for the development and distribution of premium cannabis accessories, vape devices…View ↗
A leaner distribution model
The older report describes warehouse-based wholesale and direct-to-consumer sales; the latest describes an asset-light drop-ship model after warehouse operations were substantially exited.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026We merchandise vaporizers, packaging, and other ancillary products in the United States, Canada, Europe and Latin America. We distribute…View ↗
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