Greenlane Holdings (NASDAQ: GNLN) - Investor Dashboard

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


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

Financials (12/31/21)

Cash on hand: $12.9 million
Fixed Investment: $20.9 million
Shareholders’ Equity: $196.4 million
Revenues – Last Quarter: $56.0 million
Gross Margin: 22.3%
EPS: -$0.09

Capital Structure (03/31/22)

Last Financing:  10.13 million units at $3.16
Shares: 121.7 million
Warrants: 15.6 million
Options: 5.3 million
Diluted Shares: 142.6 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


  • 8 owned, award-winning direct-to-consumer brands
  • 50+ strong B2B partnerships with various iconic brands
  • 8,500+ 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
  • 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


  • 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
  • 100+ customer product and packaging customers

Institutional Analyst Coverage

Aaron Grey, CFA, CPA
Alliance Global Partners

Derek Dlez

Vivien Azer

Owen Bennett, CFA

Glenn Mattson

Scott Fortune

Curated Stories & News

Visit Greenlane Holdings, Inc.

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