Greenlane Holdings, Inc., established in 2005 and based in Boca Raton, Florida, is a prominent entity in the creation and supply of cannabis-related accessories, child-resistant containers, vaporization devices, and lifestyle goods. Its operations extend across the United States, Canada, and European markets, organized into distinct Consumer Goods and Industrial Goods divisions. The company's expansive product range includes various consumption aids such as vaporizers, pipes, rolling papers, packaging solutions, grinders, and apparel, along with specialized smoking and vaping apparatus like bubblers and rigs. These items are marketed under well-known labels including VIBES, Pollen Gear, Marley Natural, Aerospaced & Groove, K. Haring Glass Collections, Eyce, Higher Standards, and DaVinci. Greenlane distributes its offerings through an extensive network of 8,500 retailers, encompassing smoke shops, cannabis dispensaries, and specialty stores, while also maintaining a substantial online presence via numerous e-commerce platforms such as Vapor.com, Higherstandards.com, and DaVincivaporizer.com.
Greenlane Reports Second Quarter 2026 Financial Results
Greenlane reported Q2 2026 revenue of $82,000, down 90% year-over-year, while operating expenses fell 37% sequentially to $3.6 million. The company recorded a net loss of $24.8 million, driven primarily by a non-cash change in fair value of digital assets of $19.1 million.
Despite the fair value of its BERA holdings dropping to $16.4 million from a $70.2 million cost basis, Greenlane increased its total BERA holdings to 81.3 million units. BERA-per-share rose 37% from year-end to 117 units, reflecting the company's strategy of accumulating tokens during market price declines.
Management disclosed that the company's market value of listed securities currently falls below the $5.0 million threshold of a proposed Nasdaq rule. Greenlane stated it has not received a deficiency notice but is evaluating alternatives to increase its market value to ensure continued listing compliance.