Greenlane Holdings (NASDAQ: GNLN) - Investor Dashboard
| ➔ Greenlane Holdings | |||||
|---|---|---|---|---|---|
| NASDAQ Ticker: | GNLN | ||||
| Market Focus: | North America |
| Classification: | Ancillary |
| Country: | United States |
| Employees: | 200 as of 7/2022 |
| Established: | 2005 |
| CEO: | Nick Kovacevich |
Summary
| Fiscal Year-End: | December |
| Exchange: | NASDAQ |
| Sector: | Basic Materials |
| Auditor: | Marcum LLP |
| Headquarters: | Boca Raton, FL |
Financials (12/31/22)
| Cash on hand: | $6.5 million |
| Fixed Investment: | $11.1 million |
| Shareholders’ Equity: | $95.4 million |
| Revenues – Last Quarter: | $22.0 million |
| Gross Margin: | 26.7% |
| EPS: | -$1.02 |
Capital Structure (03/31/22)
| Last Financing: | 8.33 million units at $0.90 |
| Shares: | 16.0 million |
| Warrants: | 17.8 million |
| Options: | 0.2 million |
| Diluted Shares: | 34.1 million |
Greenlane and KushCo Complete Merger,
Creating Leading Ancillary Cannabis Company and House of Brands
Company Brief
Greenlane (Follow Company) is the premier global platform for the development and distribution of premium cannabis accessories, packaging, vape solutions, and lifestyle products. Operating as a powerful family of brands, third-party brand accelerator, and omni-channel distribution platform, providing unparalleled product quality, customer service, compliance knowledge, and operations and logistics to accelerate our customers’ growth. Founded in 2005, Greenlane serves an expansive customer based comprised of thousands of retail locations and has over 200 employees with operations in United States, Canada, and Europe.
Mission and Vision
As a pioneer in the cannabis space, Greenlane has an incredible acumen for detecting opportunities in the marketplace. We proudly own and operate a diverse brand portfolio including DaVinci Vaporizers, Pollen Gear™, Higher Standards, Groove, and Eyce. Additionally, Greenlane strategically partners with leading multi-state operators, licensed producers, and brands, such as Storz & Bickel (Canopy-owned), Grenco Science and CCELL, to develop and distribute innovative and high-quality products.
Highlights
- 5 owned, award-winning brands: Higher Standards, Eyce, DaVinci, Groove, and Pollen Gear
- Licensed brands including Marley Natural and K. Haring
- Partner Brands include Grenco Science, VIBES, Storz & Bickel and AUXO by CCELL
- Thousands of retail doors globally, including major U.S. MSOs and smoke shops
- 400+ articles of intellectual property
- Positioned as a one-stop shop for U.S. MSOs
- Two business segments: consumer goods and industrial goods
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
- Acquisition of DaVinci expands the company’s owned brands portfolio to nine higher-margin ancillary brands
- Formed a partnership with Leaf Trade to increase visibility among large MSOs and retailers
- Launched a new wholesale shopping experience
Differentiators
- 26+ years of cannabis operating experience
- Trusted ally to some of the largest U.S. MSOs
- 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
- 100+ custom product and packaging customers
- Agreements to distribute Greenlane brands in Puerto Rico and Latin America
- Distributing products through more traditional channels, such as Amazon
Institutional Analyst Coverage
Aaron Grey, CFA, CPA
Alliance Global Partners
Derek Dlez
Canaccord
Scott Fortune
ROTH
Owen Bennett, CFA
Jefferies
Glenn Mattson
Ladenburg
Curated Stories & News
Visit Greenlane Holdings, Inc.
at www.gnln.com.
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