Greenlane Holdings (NASDAQ: GNLN) - Investor Dashboard


➔ Greenlane Holdings
NASDAQ Ticker: GNLN
Market Focus: North America
Classification: Ancillary
Country: United States
Employees: 350+ as of 3/2021
Established: 2005
CEO: Nick Kovacevich

Summary

Fiscal Year-End: December
Exchange: NASDAQ
Sector: Basic Materials
Auditor: Marcum LLP
Headquarters: Boca Raton, FL

Financials (06/30/21)

Cash on hand: $11.6 million
Fixed Investment: $13.4 million
Shareholders’ Equity: $58.8 million
Revenues – Last Quarter: $34.7 million
Gross Margin: 22.4%
EPS: -$0.16

Capital Structure (08/12/21)

Last Financing:  10.13 million units at $3.16
Shares: 47.1 million
Warrants: 12.0 million
Options: 1.4 million
Diluted Shares: 60.4 million

Greenlane and KushCo Complete Merger,
Creating Leading Ancillary Cannabis Company and House of Brands


Company Brief

Greenlane Holdings, Inc. and KushCo Holdings, Inc. announced the closing of their merger agreement on 9/1. KushCo is now a wholly owned subsidiary of Greenlane, and the merger has established a leading ancillary cannabis company. The company serves a premier group of customers, which includes many of the leading multi-state operators and licensed producers, top smoke shops, and millions of consumers globally.

Greenlane Holdings is a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products to smoke shops, dispensaries, and specialty retail stores, as well as direct to consumer through its online e-commerce platforms. Founded in 2005, Greenlane serves more than 8,000 retail locations and has over 250 employees with operations in United States, Canada, and Europe.

Merger Completion


Highlights

  • 8 owned, award-winning direct-to-consumer brands
  • 50+ strong B2B partnerships with various iconic brands
  • 8,000+ retail doors globally, including major U.S. MSOs and smoke shops
  • 200+ articles of intellectual property
  • Positioned as a one-stop shop for U.S. MSOs

Growth Strategy

  • Improved margins and meaningful potential synergies expected to drive immediate profitability
  • Complementary portfolio of brands, products & services offer significant cross-selling opportunities
  • Positioned to serve the entire value chain from leading operators to retail and consumers
  • Focusing on organic growth and expanding higher-margin revenue opportunities
  • Taking a disciplined approach to value-enhancing strategic acquisitions

Differentiators

  • 26+ years of cannabis operating experience
  • Combined company, operating as Greenlane, brings together two of the pioneering cannabis ancillary product and service companies listed on the NASDAQ
  • Leading supplier of premier consumer brands and products

Institutional Analyst Coverage

Aaron Grey, CFA, CPA
Alliance Global Partners

Derek Dlez
Canaccord

Vivien Azer
Cowen

Owen Bennett, CFA
Jefferies

Glenn Mattson
Ladenburg

Scott Fortune
ROTH


Curated Stories & News


Visit Greenlane Holdings, Inc.
at www.gnln.com.

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. Greenlane Holdings, Inc., is a client of NCV Media, LLC. Read our full disclaimer.