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Cannabis vs. Tobacco: The Battle For Market Share And Public Health
Friday, March 31, 2023 - 9:49am | 1267A recent poll showed that Americans prefer legal cannabis over legal tobacco. This societal shift comes as no surprise, given the regulatory changes and widespread acceptance of marijuana. According to Pew Research, 59% of American adults believe marijuana should be legal for both medical and...
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Greenlane Holdings Reports Q3 2022 Earnings: Losses Widen, Revenue Drops 31%
Tuesday, November 15, 2022 - 6:11pm | 664Greenlane Holdings, Inc. (NASDAQ: GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vape products, reported financial results for its third quarter and nine months ended September 30th, 2022. "We expect to gain...
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Greenlane Secures $15 Million Asset-Based Loan
Thursday, August 11, 2022 - 8:05am | 373Greenlane Holdings, Inc. (NASDAQ: GNLN) has closed on a $15 million asset-based loan. The loan is for a term of three years and will support Greenlane’s strategic initiatives and working capital needs. “We are continuing to make solid progress on our previously announced strategic plan...
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Cannabis Entrepreneur And Rapper Berner Enters His 'Cookies' Brand To The Thailand Marijuana Market
Thursday, July 21, 2022 - 4:07pm | 770Berner, American rapper and founder/CEO of Cookies and Vibes Papers, announced that his cannabis brand will open a store in Thailand next August, calling it "a huge step into the global market," as Green Entrepreneur first reported. "I wonder if anyone from...
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Greenlane Completes Sale Of Interest In VIBES For $5.3M
Wednesday, July 20, 2022 - 7:53am | 567Greenlane Holdings, Inc. (NASDAQ: GNLN) has sold its stake in VIBES Holdings LLC for $5.3 million in cash. The strategic sale aligns with Greenlane's plans to capitalize the business and accelerate the company's path to profitability. The company sold its interest in VIBES at an enterprise...
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Seize Business Opportunities & Confront Challenges: Meet Greenlane's Nick Kovacevich At Benzinga's Cannabis Capital Conference In September
Tuesday, July 5, 2022 - 10:21am | 939From his first job coaching at Gene Cotter’s summer basketball camps where he learned that confidence and positivity attract investors and potential employees to becoming a leader of one of the largest ancillary marijuana brands nationwide, Nick Kovacevich, CEO of Greenlane Holdings...
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Greenlane Begins Shipping Electronic Nicotine Delivery Systems Products To B2B Clients Via USPS Exemption
Friday, June 24, 2022 - 9:34am | 415Greenlane Holdings, Inc. (NASDAQ: GNLN) has begun shipping previously restricted vaporizer products to wholesale clients under a business and regulatory exemption to the Prevent All Cigarette Trafficking Act ("PACT Act") issued by the United States Postal Service (the "USPS")....
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Greenlane Holdings Says It Can Obtain More Than $30M In Improved Liquidity In 2022
Wednesday, June 22, 2022 - 10:05am | 626Greenlane Holdings, Inc. (NASDAQ: GNLN) provided an update on its strategy to generate more than $30 million in liquidity, as part of its strategic plan to reduce its cost structure, accelerate its path to profitability, and increase liquidity on a non-dilutive basis. As previously announced in...
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Greenlane Q1 Revenue Rescued From Decline By KushCo Merger, Here Are The Details
Tuesday, May 17, 2022 - 7:47am | 650Greenlane Holdings, Inc.’s (NASDAQ: GNLN) total revenue for Q1 2022 increased 37% to $46.5 million, compared to $34.0 million for Q1 2021. Q1 Financial Highlights Net sales were $46.5 million in Q1 2022, compared to $34.0 million in Q1 2021, an increase of 37%. The year-over-year increase...
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Greenlane Expands Into Latin American Cannabis Market Via Agreement With Universal Distribution
Friday, May 13, 2022 - 12:03pm | 544Greenlane Holdings, Inc. (NASDAQ: GNLN) has entered into a distribution agreement with Universal Distribution LATAM LLC to distribute its proprietary portfolio of house brands in Latin America. Under the terms of the agreement, Greenlane has granted Universal Distribution the exclusive right to...
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EXCLUSIVE: How Much Competition Will Cannabis Companies Face From Big Tobacco And Alcohol?
Friday, April 22, 2022 - 11:03am | 508The competition ahead in the cannabis market from tobacco, alcohol and pharmaceutical companies was a topic of discussion this week at the Benzinga Cannabis Capital Conference in Miami Beach. Competition: One area of concern for the cannabis market could be the continued entry of...
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EXCLUSIVE: How Important Are Brands In Cannabis? Who's Educating Cannabis Consumers?
Thursday, April 21, 2022 - 8:00pm | 457In the cannabis market, brands might not be as important in the short term when states legalize, but over time could show loyalty to consumers. Importance of Brands: Cannabis brands need to be consistent and reliable and in the long term could need more of a national scale instead of a single state...
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Greenlane Strengthens Leadership Diversity And Industry Expertise With New CAO And Board Director
Thursday, April 14, 2022 - 9:49am | 485Greenlane Holdings, Inc. (NASDAQ: GNLN) appointed Darsh Dahya as chief accounting officer, effective April 18, 2022, and Renah Persofsky as board director, effective April 11, 2022. Dallas Imbimbo resigned from the company's board of directors. Dahya previously served as the senior vice...
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Greenlane Reports Record 4Q Revenue: $56 Million, Up 54% YoY
Wednesday, March 30, 2022 - 8:38pm | 578Greenlane Holdings, Inc. (NASDAQ: GNLN), one of the largest global sellers of premium cannabis accessories, packaging and specialty vaporization products, reported its financial results for the fourth quarter and full-year ended December 31, 2021. Fourth Quarter Financial Highlights Total...
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Greenlane Announces Cost Cutting Plans To Increase Liquidity, Shakes-Up Management
Thursday, March 10, 2022 - 11:07am | 840Greenlane Holdings, Inc. (NASDAQ: GNLN) announced leadership changes and plans to capitalize the business and accelerate the company's path to profitability, as well as provided preliminary financial results for its fourth quarter and full year ended December 31, 2021. Reducing Cost Structure...