Greenlane Holdings, Inc.

Greenlane Holdings, Inc. reported a net loss of $(18.2) million for the first quarter of 2026, a significant increase from $(3.9) million in the prior year, primarily due to a $(12.9) million change in the fair value of digital assets. Net revenue declined by 69% to $0.45 million. The company has strategically transitioned its primary focus to a digital asset treasury strategy centered on BERA, while its legacy wholesale and distribution business operates on a reduced scale.

Greenlane Holdings reported a net loss of $(18.4) million, or $(4.49) per Class A share, for Q1 2026, compared to a net loss of $(3.9) million in Q1 2025. The company's digital asset treasury strategy saw BERA-per-share increase by approximately 44% to 123 units. Net revenue was $0.4 million, primarily from staking, while operating loss widened to $(5.6) million due to elevated non-recurring legal costs and a $(12.9) million non-cash change in fair value of digital assets. Greenlane also regained compliance with Nasdaq's minimum bid price requirement.

Greenlane Holdings reported Q1 2026 financial results, with net revenue of $0.4 million and a net loss of $(18.4) million. The company continued to execute its BERA digital asset treasury strategy, deploying $10.1 million into BERA and BERA-equivalent assets, increasing BERA-per-share by 44%. Subsequent to the quarter, Greenlane successfully regained compliance with Nasdaq's minimum bid price requirement following a one-for-eight reverse stock split.

Greenlane Holdings, Inc. filed an amended Form 10-K to provide previously omitted Part III information, detailing corporate governance, executive compensation, and director information for fiscal year 2025. The company announced a strategic expansion into a digital asset treasury strategy, supported by the establishment of a new Digital Assets Committee. Significant management changes include the appointment of Vanessa Guzmán-Clark as CFO and Benjamin Isenberg as CIO, alongside the departures of former CEO Barbara Sher and former CFO Lana Reeve. The filing also disclosed substantial equity awards for new executives and directors, and noted delinquent Section 16(a) reports for certain individuals.

Greenlane Holdings, Inc. announced it has regained compliance with Nasdaq's minimum bid price requirement, preventing the delisting of its Class A common stock. The previously scheduled delisting hearing has been cancelled, and the company's shares will continue to trade on The Nasdaq Capital Market. Additionally, Berachain Investment Corporation will convert a portion of its pre-funded warrants into 33,085 shares, while select strategic advisor warrant holders have agreed to a lock-up until April 2027, signaling confidence in the company's long-term strategy.

Greenlane Holdings, Inc. announced it has regained compliance with The Nasdaq Stock Market LLC's minimum bid price requirement and all other applicable continued listing standards. As a result, the company's Class A common stock will continue to trade on the Nasdaq Capital Market under the symbol "GNLN." CEO Jason Hitchcock expressed confidence in their Berachain-focused digital asset treasury strategy, reinforced by board members extending warrant lock-up periods and Berachain Investment Corporation's long-term strategic investment view.

Greenlane Holdings announced that Berachain Investment Corporation (BIC) will convert 33,085 pre-funded warrants into Class A common stock, adhering to a 4.99% beneficial ownership limit. BIC holds 1,476,464 pre-funded warrants from the October 2025 PIPE financing. Additionally, holders of 162,760 Strategic Advisor Warrants, including Board members, have entered into lock-up agreements until April 23, 2027, signaling continued confidence in the company's long-term strategic direction.

Greenlane Holdings, Inc. announced on April 9, 2026, that its board of directors approved a share repurchase program, authorizing the company to buy back up to $2 million of its outstanding Class A common stock. This program, approved on April 7, 2026, reflects management's confidence in the company's valuation and aims to enhance shareholder value. The repurchases can be executed through various methods, including open market purchases and Rule 10b5-1 trading plans, providing flexibility. Additionally, the company provided an update on its holdings of BERA, the native digital asset of the Berachain layer-1 blockchain protocol.

Greenlane Holdings has implemented a 1-for-8 reverse stock split of its Class A common stock, effective April 6, 2026. This action reduces the number of outstanding shares and may increase the stock price, potentially helping the company meet Nasdaq listing requirements, but can also be perceived negatively by investors if it signals financial distress.