Adam JacksonApril 4, 2023
The company's total revenue was down 17.4% from the previous year.
Tag: Greenlane
Adam JacksonApril 4, 2023
Debra BorchardtOctober 28, 2022The company is fighting for survival by selling stock and excess inventory.
Debra BorchardtJune 24, 2022
The Food & Drug Administration (FDA) decided to ban the popular vape product Juul and issued a marketing denial orders (MDOs) to JUUL Labs Inc. for all of its products currently marketed in the United States. That’s a long-winded way of saying the products are now banned. The company must stop selling and distributing these […]
StaffJune 22, 2022
The Daily Hit is a recap of the top cannabis business stories for June 22, 2022. ON THE SITE Supreme Court Just Says No Two Supreme Courts rejected employee requests to have employers reimburse for medical cannabis costs. On Tuesday, the U.S. Supreme Court said it would not hear an appeal that pits the Controlled […]
Debra BorchardtJune 22, 2022Greenlane Holdings, Inc. (NASDAQ: GNLN) has said it has a plan to generate more than $30 million in liquidity. Part of the company’s strategy to achieve this goal includes getting a loan to cover its working capital needs, selling the company’s headquarters building in Boca Raton Florida, and getting rid of non-sore and lower-margin inventory. […]
Debra BorchardtMarch 10, 2022Greenlane Holdings, Inc. (NASDAQ:GNLN) announced layoffs, cost-cutting efforts and leadership changes in order to become profitable. The company also provided preliminary financial results for its fourth quarter and full year ended December 31, 2021. Greenlane had been flying high on sales of JUUL flavored vape pens. However, problems arose over the excessive teen usage of […]
Debra BorchardtNovember 15, 2021Greenlane Holdings, Inc. (Nasdaq:GNLN) reported financial results for the third quarter ended September 30, 2021, as total revenue increased 16% to $41.3 million versus last year’s $35.8 million. Net losses at Greenlane increased 108% to $$28.7 million versus last year’s net loss of $13.7 million. Nick Kovacevich, CEO of Greenlane Holdings, said: “Q3 was a […]
Debra BorchardtAugust 17, 2021Greenlane Holdings, Inc. (Nasdaq: GNLN) reported financial results for the second quarter ended June 30, 2021, with revenue increasing 7.1% to $34.7 million from last year’s $32.4 million. It was a slight miss for Greenlane from the average analyst estimate from Yahoo Finance for revenue of $35.5 million. The net loss fell 7.5% to $5.8 […]
Debra BorchardtJuly 30, 2021Greenlane Holdings, Inc. (Nasdaq: GNLN) announced preliminary financial results for its second-quarter ending June 30, 2021, but gave little detail. Greenlane said it had net sales of $34.5 million and that the gross margins were between 21% and 22%. Greenlane delivered $34 million in revenue for the first quarter of 2021 making the sequential growth […]
Debra BorchardtMay 18, 2021 Greenlane Holdings, Inc. (Nasdaq: GNLN) reported financial results for the first quarter ended March 31, 2021, as total revenue increased 0.4% to $34.0 million versus $33.9 million for the same time period a year ago. Greenlane missed the Yahoo Finance average analyst estimate for revenues of $39 million. Net losses were trimmed to $7.7 million […]
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