Greenlane Holdings Inc (OQ:GNLN)
Business Focus: Tobacco Stores
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1095 BROKEN SOUND PARKWAY SUITE 100, Boca Raton BOCA RATON FL 33487 |
| Tel: | N/A |
| Website: | https://gnln.com |
| IR: | See website |
| Key People | ||
| Craig Snyder Chief Executive Officer, Director | Lana Reeve Chief Financial Officer, Legal Officer | Barbara Sher Chief Operating Officer | Nicholas Kovacevich Chief Corporate Development Officer |
| Business Overview |
| Greenlane Holdings, Inc. is a holding company. The Company provides a global platform for the development and distribution of cannabis accessories, vape devices, and lifestyle products. The Company operates through two segments: Consumer Goods and Industrial Goods. The Consumer Goods segment focuses on serving consumers across wholesale, retail and e-commerce operations through both its brands, including Eyce, DaVinci, Marley Natural, Keith Haring, and Higher Standards, as well as lifestyle products and accessories from brands, such as Storz and Bickel, Grenco Science, and more. The Industrial Goods segment focuses on serving the cannabis brands, operators, and retailers through its wholesale operations by providing ancillary products essential to their growth, such as customizable packaging and supply products, which includes its Greenlane Brand Pollen Gear and vaporization solutions offering, which includes CCELL branded products. |
| Financial Overview |
| For the nine months ended 30 September 2023, Greenlane Holdings Inc revenues decreased 52% to $55.4M. Net loss applicable to common stockholders decreased 82% to $28.2M. Revenues reflect Industrial Goods segment decrease of 52% to $35.6M, Consumer Goods segment decrease of 52% to $19.8M, United States segment decrease of 52% to $51.2M, Canada segment decrease of 60% to $1.6M. |
| Employees: | 145 as of Mar 28, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6.65M as of Sep 30, 2023 |
| Annual revenue (TTM): | $77.34M as of Sep 30, 2023 |
| EBITDA (TTM): | -$35.04M as of Sep 30, 2023 |
| Net annual income (TTM): | -$95.17M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$4.50M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $4.66M as of Sep 30, 2023 |
| Shares outstanding: | 3,734,211 as of Jan 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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