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 (06/30/22)

Cash on hand: $9.1 million
Fixed Investment: $13.1 million
Shareholders’ Equity: $182.4 million
Revenues – Last Quarter: $39.9 million
Gross Margin: 20.3%
EPS: -$2.27

Capital Structure (08/10/22)

Last Financing:  10.13 million units at $3.16
Shares: 7.6 million
Warrants: 1.1 million
Options: 0.3 million
Diluted Shares: 9.0 million

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


Company Brief

Greenlane 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.

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, VIBES, and CCELL, to develop and distribute innovative and high-quality products.

Merger Completion


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, Cookies, VIBES, and Storz & Bickel
  • 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
  • Agreement with Universal Distribution to distribute Greenlane brands in Latin America
  • Distributing products through more traditional channels, such as Amazon

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+ consumer product and packaging customers

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.