Greenlane Holdings
GNLN

$4.99

3.15%

Market Cap: $3.02M

About: Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States.

Employees: 145

Industrials Durable Goods, Not Elsewhere Classified

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

700% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 1

0% more funds holding

Funds holding: 21 [Q1] → 21 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

7.42% less ownership

Funds ownership: 11.78% [Q1] → 4.36% (-7.42%) [Q2]

62% less capital invested

Capital invested by funds: $228K [Q1] → $85.8K (-$142K) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for GNLN.

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Financial journalist opinion

Based on 12 articles about GNLN published over the past 30 days

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Greenlane to Present at National Investment Bankers Association (NIBA) Conference in Florida on September 5, 2024

Company to Share New Vision for Growth Update on steps to realign and simplify its business structure, bring a stronger focus to serving customers, enable a more competitive cost model, and better position the company for future growth and improved profitability BOCA RATON, FL / ACCESSWIRE / August 27, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that its Chief Executive Officer, Barbara Sher, will participate in the National Investment Banking Association's (NIBA) 150th Investment Conference on September 4-5, 2024 in Ft. Lauderdale, Florida.

Greenlane to Present at National Investment Bankers Association (NIBA) Conference in Florida on September 5, 2024

Aegis Capital Corp. acted as Exclusive Placement Agent on a $6.5 Million Private Placement Priced At-the-Market for Greenlane Holdings, Inc. (NASDAQ: GNLN)

NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $6.5 Million Private Placement Priced At-the-Market for Greenlane Holdings, Inc. (NASDAQ:GNLN). Greenlane Holdings, Inc. Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, and Europe.

Aegis Capital Corp. acted as Exclusive Placement Agent on a $6.5 Million Private Placement Priced At-the-Market for Greenlane Holdings, Inc. (NASDAQ: GNLN)

Safe Supply Commends U.S. Government for Historic New Legislation Mandating Drug Detection Kits, Announces Commercial Acceleration of Drink Spike

California Bars and Clubs Are Now Mandated to Offer Date Rape Drug Test Kits Safety Strips is First to Achieve Mass-Scale Readiness in California Safe Supply to Accelerate Production of Drink Spike to Meet the Demand Surge as California Businesses Comply with New Regulations Toronto, Ontario--(Newsfile Corp. - August 14, 2024) - Safe Supply Streaming Co Ltd. (CSE: SPLY) (FSE: QM4) (OTCQB: SSPLF) ("Safe Supply" or "the Company") is thrilled to announce the commercial acceleration of its portfolio company Safety Strips Tech Corp ("Safety Strips") and their innovative Drink Spike test strips in response to recent U.S. legislation.

Safe Supply Commends U.S. Government for Historic New Legislation Mandating Drug Detection Kits, Announces Commercial Acceleration of Drink Spike

Greenlane Announces Closing of $6.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules

BOCA RATON, FL / ACCESSWIRE / August 13, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the closing of a private placement with a single institutional investor for aggregate gross cash proceeds of $6.5 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes.

Greenlane Announces Closing of $6.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules

Safe Supply Streaming Corp. (SPLY) Announces Landmark USA Expansion of Portfolio Company, Safety Strips Tech Corp., in Partnership with Greenlane Holdings, Inc.

Greenlane's significant retail doors boost Safety Strips' market reach. Greenlane's U.S. sales team accelerates Safety Strips' market entry.

Safe Supply Streaming Corp. (SPLY) Announces Landmark USA Expansion of Portfolio Company, Safety Strips Tech Corp., in Partnership with Greenlane Holdings, Inc.

Greenlane Announces Purchases of Shares by Chief Executive Officer

BOCA RATON, FL / ACCESSWIRE / August 13, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that its Chief Executive Officer, Barbara Sher, acquired 12,500 common shares of Greenlane ("Common Shares") on the open market between August 5th and August 9th at an average price of $2.66 per Common Share. The purchase of Common Shares by the Chief Executive Officer of the Company reflects confidence in the intrinsic value of the stock and the near-term and long-term growth prospects of the Company About Greenlane Holdings, Inc. Founded in 2005, Greenlane is a premier global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers.

Greenlane Announces Purchases of Shares by Chief Executive Officer

Greenlane Announces Pricing of $6.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules

BOCA RATON, FL / ACCESSWIRE / August 12, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that it has entered into a securities purchase agreement with a single institutional investor for aggregate gross cash proceeds of $6.5 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes.

Greenlane Announces Pricing of $6.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules

Why Is Greenlane (GNLN) Stock Up 210% Today?

Greenlane (NASDAQ: GNLN ) stock is rocketing higher on Monday alongside a letter of intent for the cannabis accessories company to sell new testing strips in the U.S. Greenlane has reached an agreement with Safety Strips to act as the exclusive seller of the company's fentanyl, xylazine and drink spike detection test strips. This allows for quick and affordable testing for fentanyl, xylazine and spiked drinks.

Why Is Greenlane (GNLN) Stock Up 210% Today?

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