Author: Greenlane Holdings, Inc.

  • Greenlane To Deploy 20 Million Units of BERA Into Two Independent Validators on Berachain

    Greenlane To Deploy 20 Million Units of BERA Into Two Independent Validators on Berachain

    Validator participation expected to enable direct engagement with Berachain’s Proof-of-Liquidity infrastructure

    Deployment represents redeployment of existing BERA holdings with no incremental token acquisition

    BOCA RATON, FLORIDA / ACCESS Newswire / January 20, 2026 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq:GNLN), a company with a Berachain-focused digital asset treasury, today announced plans to deploy approximately 20 million units of BERA into two independent validators on the Berachain network.

    This planned deployment represents an important step in the execution of Greenlane’s digital asset treasury strategy that is expected to enable the Company to participate directly in Berachain’s validator infrastructure and consensus framework. The units of BERA to be deployed into these validators represent a portion of the Company’s existing BERA holdings not previously deployed into liquid on-chain staking.

    Berachain utilizes a Proof-of-Liquidity (“PoL”) consensus mechanism that it describes as designed to align network security with liquidity provision and on-chain economic activity. Under this framework, validators contribute to network security and may participate in protocol-defined incentive mechanisms.ยน To the extent any are realized, we currently expect rewards or incentives associated with validator participation to be variable, redeemable for BERA, and dependent on protocol parameters, network activity, and prevailing market conditions.

    To support decentralization and network resilience, Berachain limits the units of BERA that may be staked per validator. In alignment with this design, Greenlane is structuring this validator participation across two independently operated validators, each subject to Berachain’s protocol-level constraints and selection mechanisms.

    For Greenlane, validator participation represents an opportunity to engage directly with Berachain’s infrastructure layer as part of its broader digital asset treasury strategy. Greenlane hopes to announce, over the coming weeks, validator participation in the deployment of its remaining BERA holdings, approximately 30 million units of BERA, on the Berachain network, subject to any protocol constraints, availability of validator operators, or technical or other considerations.

    “Deploying a portion of our BERA holdings into validators is a meaningful milestone in the evolution of our digital asset treasury strategy,” said Ben Isenberg, Chief Investment Officer, Greenlane. “Validator participation is expected to allow us to support network operations and engage directly with Berachain’s infrastructure.”

    Greenlane’s digital asset treasury strategy is focused on the long-term accumulation and active management of BERA through validator participation, staking, and other ecosystem-aligned activities. The Company does not control the Berachain protocol, validator selection outcomes, or the economic performance of the network, and any potential benefits associated with validator participation are inherently variable and not guaranteed. Participation outcomes may vary significantly over time and are subject to technological, regulatory, and market risks.

    About Greenlane

    Greenlane is a global platform for the development and distribution of premium lifestyle accessories and consumer products through a broad network of specialty and convenience retailers and direct-to-consumer channels. Alongside its operating business, in October 2025, the Company initiated a Berachain-focused digital asset treasury strategy dedicated to acquiring BERA and increasing BERA-per-share through treasury management. The Company is a Berachain ecosystem participant focused on supporting the development and operation of blockchain-based infrastructure, including assets and applications built on Berachain. The Company engages in network staking, liquidity provisioning, and strategic initiatives intended to contribute to the long-term sustainability of decentralized protocols within its portfolio.

    About Berachain

    Berachain (BERA) is the first blockchain powered by Proof of Liquidity, designed to help businesses scale and provide sustainable on-chain economies. Proof of Liquidity provides BERA with a staking yield derived from the revenues or ownership of revenue-generating companies building on the network. Berachain reports that it has raised $150 million from leading digital asset investors including Brevan Howard, Framework Ventures, Polychain Capital, Samsung Next, Laser Digital by Nomura, Goldentree Asset Management, SBI VC Trade and more.

    Investor Contact:

    IR@greenlane.com

    or

    PCG Advisory
    Kevin McGrath
    +1-646-418-7002

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are statements other than historical facts and include, without limitation, statements regarding progress and achievement of the Company’s goals regarding BERA acquisition and staking, the development of the Berachain network ecosystem including business adoption of the network, the long-term value of BERA, continued growth and advancement of the Company’s Berachain Treasury Strategy and the applicable benefits to the Company, and other projections or statements of plans and objectives.

    These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company’s control, that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company’s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; changes in the regulatory landscape applicable to digital assets, including BERA; the market performance of BERA; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2025, Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 14, 2025 and in other subsequent filings with the SEC. These filings are available at www.sec.gov. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    Cautionary Note Regarding Digital Assets

    BERA is a digital asset that is not legal tender, is not backed by any government or central bank and may be subject to extreme price volatility, regulatory uncertainty and technological risk. Investments in and exposures to digital assets such as BERA are highly speculative and may result in the loss of all or a substantial portion of the invested capital. Statements about the Berachain protocal, its consensus model, ecosystem projects, and fundraising are based on publicly available information and/or information provided by third parties. The Company has not independently verified all such information and makes no representation as to its accuracy or completeness. Protocol parameters and incentive mechanisms may change over time through governance or other processes. The Company’s activities involving BERA and other digital assets may not be suitable for all investors and are subject to the risks described in the “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2025, Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 14, 2025 and in other subsequent filings with the SEC. These filings are available at www.sec.gov.

    1. Validator participation and any associated incentives are governed by Berachain’s protocol rules and smart contracts. Greenlane does not control the Berachain protocol, validator selection outcomes, or the economic performance of the network, and any potential benefits associated with validator participation are inherently variable and not guaranteed. Similarly, Validator participation does not confer any right to direct the protocol’s development, guarantee validator selection outcomes, or ensure any particular level of network influence, rewards, or liquidity. Rewards, if any, are variable and not guaranteed.

    SOURCE: Greenlane Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Greenlane Announces Results of Annual Meeting of Stockholders, Canopy Growth Co Founder Bruce Linton Joins Greenlane’s Board of Directors

    Greenlane Announces Results of Annual Meeting of Stockholders, Canopy Growth Co Founder Bruce Linton Joins Greenlane’s Board of Directors

    BOCA RATON, FLORIDA / ACCESS Newswire / December 15, 2025 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq:GNLN), a Berachain-focused digital asset treasury company and global seller of premium cannabis accessories, is pleased to announce the voting results from its Annual Meeting of Stockholders (the “Meeting”) convened on December 1, 2025 and adjourned to, and reconvened on, December 9, 2025.

    Each of the directors listed as a nominee in the Proxy Statement, including new Chairman of the Board, Bruce Linton, was elected at the Meeting to serve as a director of the Company until the Company’s next annual stockholders meeting or until his or her successor is duly elected or appointed.

    The detailed results of the vote for the election of directors held at the Meeting are set out below:

    Name Of Nominee

    Votes cast FOR

    % Votes FOR

    Votes cast AGAINST

    % Votes AGAINST

    Barbara Sher

    126,884

    97.06%

    3,832

    2.93%

    Donald Hunter

    126,674

    96.86%

    4,095

    3.13%

    Bruce Linton

    127,751

    97.75%

    2,940

    2.24%

    William Levy

    127,920

    97.82%

    2,848

    2.17%

    Michael C. Howe

    126,809

    96.97%

    3,959

    3.02%

    Greenlane’s stockholders also approved the re-appointment of PKF O’Connor Davies, LLP as the Company’s auditors and independent registered public accounting firm for the fiscal year ending December 31, 2025, and authorized the Company’s board of directors (the “Board”) or any responsible committee thereof to fix their remuneration.

    In addition, Greenlane’s stockholders approved all of the other proposals described in the Company’s proxy statement, including (i) an amendment to the Company’s 2019 Equity Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder to 3,000,000, (ii) the Financing Proposal to issue shares of common stock and pre-funded warrants in connection with the Company’s recent financing, and (iii) the Advisory Compensation Proposal relating to the issuance of pre-funded warrants to certain advisors and the shares of common stock issuable upon exercise of those warrants.

    For complete results on all matters voted on at the Meeting, please consult the Company’s Form 8-K which has been filed on EDGAR at www.sec.gov/edgar.

    About Greenlane

    Greenlane is an ecosystem participant focused on supporting the development and operation of blockchain-based infrastructure, including assets and applications built on Berachain. The company engages in network staking, liquidity provisioning, and strategic initiatives intended to contribute to the long-term sustainability of decentralized protocols within its portfolio.

    Media Contacts:

    Greenlane Holdings, Inc.
    Investor Contact:
    IR@greenlane.com

    or

    PCG Advisory
    Kevin McGrath
    +1-646-418-7002

    SOURCE: Greenlane Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Greenlane Buys $8 Million worth of BERA, Maintains Approximately $32 Million Cash and Stablecoin Reserves for Berachain Treasury Strategy

    Greenlane Buys $8 Million worth of BERA, Maintains Approximately $32 Million Cash and Stablecoin Reserves for Berachain Treasury Strategy

    BOCA RATON, FL / ACCESS Newswire / December 8, 2025 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq:GNLN), a Berachain-focused digital asset treasury company and global seller of premium cannabis accessories, and subsequent to the Company’s press releases issued on October 24, 2025 and November 14, 2025 that disclosed Greenlane’s Berachain cryptocurrency treasury strategy (the “Berachain Treasury Strategy”), is providing an update on its BERA token holdings, staking activity, and capital position related to its participation in the Berachain ecosystem.

    The Company commenced its Berachain Treasury Strategy on October 23, 2025. Between October 23 and December 3, 2025, Greenlane purchased $8 million of BERA, expanding its BERA holdings by approximately 5.76 million BERA at an average purchase price of approximately $1.39 per BERA.

    The Company has staked substantially all of approximately 8.33 million BERA, representing the liquid on-chain portion of its 60.17 million BERA position1. The remainder of the BERA tokens remain subject to lock up or vesting. As of December 8, 2025, Greenlane has earned over 180,000 BERAfrom staking since launching the Berachain Treasury Strategy. The annualized percentage return of Berachain’s Proof of Liquidity (“PoL”) staking on December 3, 2025 was 30%2, subject to prevailing network conditions3.

    As of December 3, 2025, the Company had approximately 32 million dollars of U.S. dollar cash and dollar pegged stablecoin reserves allocated to the Berachain Treasury Strategy4. Purely for illustrative purposes, if BERA tokens were available at $1.00 per token and assuming no impact from the Company’s own purchases on market prices, that cash would equate to approximately 31 million BERA, or roughly 23% of the estimated circulating supply as of December 3, 2025, based on data from CoinMarketCap. There is no assurance that such tokens would be available at those prices or in those quantities.

    “I believe that we have maintained a disciplined investment approach throughout a volatile cryptocurrency market. We retain the vast majority of the net proceeds from our recent private investment, which puts us in a strong position to continue building out our BERA treasury and yield generation strategies over the remainder of 2025 and into 2026,” said Ben Isenberg, Chief Investment Officer.

    Greenlane expects to continue purchasing BERA during the fourth quarter of 2025, with plans to deploy into PoL staking and/or decentralized finance venues across the Berachain ecosystem to generate additional revenues.

    About Greenlane

    Greenlane is a 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. In October 2025, Greenlane initiated a Berachain treasury strategy dedicated to acquiring BERA and increasing BERA-per-share through active management of the Company’s treasury. The Company is a Berachain ecosystem participant focused on supporting the development and operation of blockchain-based infrastructure, including assets and applications built on Berachain. The Company engages in network staking, liquidity provisioning, and strategic initiatives intended to contribute to the long-term sustainability of decentralized protocols within its portfolio.

    About Berachain

    Berachain (BERA) is the first blockchain powered by Proof of Liquidity, designed to help businesses scale and provide sustainable on-chain economies. Proof of Liquidity provides BERA with a staking yield derived from the revenues or ownership of profitable, revenue-generating companies building on the network. Berachain has raised $150M from leading digital asset investors including Brevan Howard, Framework Ventures, Polychain Capital, Samsung Next, Laser Digital by Nomura, Goldentree Asset Management, SBI VC Trade and more.

    Media Contacts:

    Greenlane Holdings, Inc.
    Investor Contact:
    IR@greenlane.com

    or

    PCG Advisory
    Kevin McGrath
    +1-646-418-7002

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are statements other than historical facts and include, without limitation, statements regarding progress and achievement of the Company’s goals regarding BERA acquisition and staking, the long-term value of BERA, continued growth and advancement of the Company’s Berachain Treasury Strategy and the applicable benefits to the Company, and other projections or statements of plans and objectives.

    These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company’s control, that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company’s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; changes in the regulatory landscape applicable to digital assets, including BERA; the market performance of BERA; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2025, Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 14, 2025 and in other subsequent filings with the SEC. These filings are available at www.sec.gov. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    Cautionary Note Regarding Digital Assets

    BERA is a digital asset that is not legal tender, is not backed by any government or central bank and may be subject to extreme price volatility, regulatory uncertainty and technological risk. Investments in and exposures to digital assets such as BERA are highly speculative and may result in the loss of all or a substantial portion of the invested capital. The Company’s activities involving BERA and other digital assets may not be suitable for all investors and are subject to the risks described in the “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2025, Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 14, 2025 and in other subsequent filings with the SEC. These filings are available at www.sec.gov.

    1 Current 60.17 million BERA holding is comprised of (i) initial BERA holding of 54.23 million BERA, per Greenlane press release dated October 24, 2025, (ii) 5.76 million BERA purchased, and (iii) 0.18 million BERA earned from staking.

    2 Annualized protocol rate calculated using weekly data, “return” refers to protocol rewards measured in BERA units (i.e. a 30% annualized return on 100 BERA is 30 BERA). A quoted rate of return is a point-in-time protocol figure. Reward and return metrics can fluctuate rapidly, and should not be viewed as indicative of future results or as any guarantee of future performance. The current and historical annualized rates of return may be viewed at any point on https://hub.berachain.com/stake/

    3 Prevailing network conditions include, but may not be limited to, protocol parameter changes, reward schedule adjustments, validator set changes and market volatility.

    4 Per Greenlane press release dated October 24, 2025, the Company raised gross proceeds of $50 million in closed Private Investment in Public Entity Financing, or 43 million dollars in U.S. dollar cash and dollar-pegged stablecoins, net of transaction fees. Less approximately $3 million in cash used by the Company’s legacy business and approximately $8 million used to purchase BERA between October 23 and December 3, 2025, leaving approximately 32 million dollars of U.S. dollar cash and dollar-pegged stablecoins remaining, allocated to the Berachain Treasury Strategy.

    SOURCE: Greenlane Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Greenlane Reports Third Quarter 2025 Financial Results

    Greenlane Reports Third Quarter 2025 Financial Results

    BOCA RATON, FLORIDA / ACCESS Newswire / November 14, 2025 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq:GNLN), a Berachain-focused digital asset treasury company and global seller of premium cannabis accessories, today reported its financial results for the third quarter and nine months ended September 30, 2025 along with an update on the expansion of the Company’s Berachain (BERA) treasury strategy.

    BERA is the fee token of Berachain, the first Layer 1 blockchain powered by Proof of Liquidity (PoL) to help businesses scale and power on-chain economies. PoL provides BERA with a staking yield derived from the revenues or ownership of companies on the network.

    In late October 2025, Greenlane executed a strategic shift – adopting a treasury reserve strategy with BERA as the Company’s primary asset. Greenlane’s goal is to give investors a simplified way to participate in what management believes will be Berachain’s transformation of global finance, with institutional-grade discipline, transparency, and full activation of Berachain’s yield potential. Greenlane is strategically accumulating BERA and employing active treasury management and staking. The result is yield-generating BERA treasury that aims to compound growth and capture the full upside exposure of BERA.

    While the Company advances its digital-asset strategy and treasury operations, it will continue to operate its distribution business, enhance operational efficiencies and continue inventory monetization to accelerate the disposition of aged inventory.

    Key Highlights Since Launch of BERA Treasury Strategy

    • Built world class leadership team:

      • Bruce Linton, previously led Canopy Growth Corporation to a $15B market capitalization and has extensive experience in leading companies across communications and cleantech, joined as Chairman of the Board.

      • Billy Levy, a serial entrepreneur and capital markets executive with a history of building, scaling, and exiting companies across multiple industries, including co-founding Virgin Gaming in collaboration with Sir Richard Branson, appointed as a director.

      • Ben Isenberg, appointed as Chief Investment Officer to manage the BERA treasury strategy. Isenberg also serves as Founder and Principal of BSQD Corp., a market-making and proprietary trading firm specializing in digital assets and cryptocurrencies. In this role, Mr. Isenberg is responsible for the strategic direction and oversight of digital asset trading operations. Prior to this, Isenberg served as a Trader at Tradias GmbH, a BAFIN regulated market maker based in Frankfurt, Germany from 2021- 2024. Before entering the digital asset markets, Isenberg worked in investment banking at M Partners in Toronto, where he covered digital assets, technology and mining from 2019-2021.

    • Formed a Digital Assets Committee in October 2025 comprised of Mr. Levy and Mr. Linton, with Mr. Linton serving as chair.

    • Establishing an experienced team of institutional-grade capital markets and treasury management professionals to operationalize the Company’s strategy with support from leading crypto asset managers and custodians.

    • Raised over $110 million in capital and digital assets through an October 23, 2025 private placement offering to drive BERA acquisitions, resulting in approximately $24.3 of net cash proceeds, approximately $19.0 of stablecoin proceeds, and approximately 54.2 million BERA.

    • The Company intends to manage its BERA tokens to generate yields through staking and activities and to enhance long-term value as the adoption of the BERA token increases.

    Third Quarter 2025 Results Compared to Prior Year Period

    Total revenue of premium cannabis accessories, vape devices, and lifestyle products was $0.74 million compared to $4.0 million in the prior year period.

    Total operating expenses were $4.0 million, compared to $3.6 million in the prior year period.

    Net loss was $8.9 million compared to a net loss of $3.8 million in the prior year period.

    Management completed a comprehensive review of inventory aging and realizability in connection with the Company’s transition under the BERA initiative toward a capital-light, IP-driven operating model. As a result, the Company recorded a $5.0 million non-cash inventory reserve, included in cost of sales, to reflect expected recoveries from legacy product lines.

    As of September 30, 2025, the Company had cash and cash equivalents of $1.8 million and no borrowings outstanding.

    Subsequent Events

    On October 23, 2025, we closed a $110.7 million private placement consisting of cash and crypto-denominated subscriptions, as disclosed in our Form 8-K filed October 20, 2025. The closing delivered approximately $24.3 million of net cash proceeds and approximately $19.0 million of stablecoin proceeds and resulted in holdings of approximately 54.2 million BERA as of October 23, 2025. These proceeds strengthen near-term liquidity as we execute a strategic shift from the legacy business and transition to our digital-asset treasury model.

    GREENLANE HOLDINGS, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)

    September 30, 2025

    December 31, 2024

    (unaudited)
    ASSETS
    Current assets
    Cash

    $

    1,810

    $

    899
    Accounts receivable, net of allowance of $3,383 and $2,616 at September 30, 2025 and December 31, 2024, respectively

    4,138

    4,262
    Inventories, net

    6,250

    14,215
    Vendor deposits

    64

    3,091
    Other current assets

    2,080

    1,305
    Total current assets

    14,342

    23,772
    Property and equipment, net

    1,101

    1,420
    Operating lease right-of-use assets

    300

    1,043
    Other assets

    1,895

    2,396
    Total assets

    $

    17,638

    $

    28,631
    LIABILITIES
    Current liabilities
    Accounts payable

    $

    4,066

    $

    9,787
    Accrued expenses and other current liabilities

    1,555

    1,218
    Customer deposits

    684

    2,661
    Current portion of notes payable

    –

    7,674
    Current portion of operating leases

    319

    926
    Total current liabilities

    6,624

    22,266
    Operating leases, less current portion

    1

    83
    Total liabilities

    6,625

    22,349
    Commitments and contingencies (Note 7)

    –
    STOCKHOLDERS’ EQUITY
    Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding

    –

    –
    Class A common stock, $0.01 par value per share, 600,000,000 shares authorized, 1,386,551 and 3,023 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively*

    –

    –
    Class B common stock, $0.0001 par value per share, 30,000,000 shares authorized, and 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024*

    –

    –
    Common stock, value

    –

    –
    Additional paid-in capital*

    301,841

    281,095
    Accumulated deficit

    (290,944

    )

    (274,929

    )
    Accumulated other comprehensive income

    265

    265
    Total stockholders’ equity attributable to Greenlane Holdings, Inc.

    11,162

    6,431
    Non-controlling interest

    (149

    )

    (149

    )
    Total stockholders’ equity

    11,013

    6,282
    Total liabilities and stockholders’ equity

    $

    17,638

    $

    28,631

    *

    After giving effect to the Reverse Stock Splits

    GREENLANE HOLDINGS, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    (Unaudited)
    (in thousands, except share and per share amounts)

    Three months ended September 30,

    Nine months ended September 30,

    2025

    2024

    2025

    2024
    Net sales

    $

    737

    $

    4,038

    $

    2,994

    $

    11,616
    Cost of sales

    5,840

    1,011

    7,374

    6,066
    Gross profit (loss)

    (5,103

    )

    3,027

    (4,380

    )

    5,550
    Operating expenses:
    Salaries, benefits and payroll taxes

    1,462

    1,609

    3,848

    6,066
    General and administrative

    1,956

    1,771

    6,550

    6,864
    Restructuring expenses

    492

    –

    492

    –
    Depreciation and amortization

    87

    185

    394

    635
    Total operating expenses

    3,997

    3,565

    11,284

    13,565
    Loss from operations

    (9,100

    )

    (538

    )

    (15,664

    )

    (8,015

    )
    Other income (expense), net:
    Interest expense

    (2

    )

    (3,219

    )

    (393

    )

    (4,030

    )
    Change in fair value of contingent consideration

    –

    –

    –

    1,000
    Gain on extinguishment of debt

    –

    –

    –

    2,166
    Other income (expense), net

    169

    –

    42

    (3

    )
    Total other income (expense), net

    167

    (3,219

    )

    (351

    )

    (867

    )
    Loss before income taxes

    (8,933

    )

    (3,757

    )

    (16,015

    )

    (8,882

    )
    Provision for (benefit from) income taxes

    –

    –

    –

    –
    Net loss

    (8,933

    )

    (3,757

    )

    (16,015

    )

    (8,882

    )
    Less: Net income (loss) attributable to non-controlling interest

    –

    –

    –

    (17

    )
    Net loss attributable to Greenlane Holdings, Inc.

    $

    (8,933

    )

    $

    (3,757

    )

    $

    (16,015

    )

    $

    (8,865

    )
    Net loss attributable to Class A common stock per share – basic and diluted (Note 9)*

    $

    (6.44

    )

    $

    (5,484.67

    )

    $

    (19.88

    )

    $

    (12,044.84

    )
    Weighted-average shares of Class A common stock outstanding – basic and diluted (Note 9)*

    1,386,551

    685

    805,484

    736
    Other comprehensive income (loss):
    Foreign currency translation adjustments

    –

    4

    –

    3
    Comprehensive loss

    (8,933

    )

    (3,753

    )

    (16,015

    )

    (8,879

    )
    Less: Comprehensive loss attributable to non-controlling interest

    –

    –

    –

    (17

    )
    Comprehensive loss attributable to Greenlane Holdings, Inc.

    $

    (8,933

    )

    $

    (3,753

    )

    $

    (16,015

    )

    $

    (8,862

    )

    *

    After giving effect to the Reverse Stock Splits

    GREENLANE HOLDINGS, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (in thousands)

    Nine Months Ended September 30,

    2025

    2024
    Cash Flows from Operating Activities:
    Net loss

    $

    (16,015

    )

    $

    (8,882

    )
    Adjustments to reconcile net loss to net cash used in operating activities:
    Depreciation and amortization

    394

    635
    Equity-based compensation expense

    –

    86
    Change in fair value of contingent consideration

    –

    (1,000

    )
    Accretion of debt discount

    284

    3,373
    Gain on extinguishment of debt

    –

    (2,166

    )
    Change in provision for credit losses

    767

    41
    Changes in operating assets and liabilities:
    Accounts receivable

    (643

    )

    (660

    )
    Inventories

    7,965

    4,516
    Vendor deposits

    3,027

    40
    Other current assets

    (219

    )

    1,058
    Accounts payable

    (5,721

    )

    (1,221

    )
    Accrued expenses and other liabilities

    336

    468
    Customer deposits

    (1,977

    )

    (1,520

    )
    Net used in operating activities

    (11,802

    )

    (5,232

    )
    Cash flows from Investing Activities:
    Purchases of property and equipment, net

    (75

    )

    (173

    )
    Net cash used in investing activities

    (75

    )

    (173

    )
    Cash flows from Financing Activities:
    Proceeds from issuance of Class A common stock and warrants

    20,746

    5,640
    Proceeds from exercise of stock options, net of costs

    1,477
    Proceeds from notes payable

    –

    2,950
    Payments on notes payable

    (7,958

    )

    (2,100

    )
    Proceeds from future receivables financing

    –

    225
    Repayments of loan against future accounts receivable

    –

    (939

    )
    Other

    –

    (5

    )
    Net cash provided by financing activities

    12,788

    7,248
    Effects of exchange rate changes on cash

    –

    3
    Net increase in cash

    911

    1,846
    Cash as of beginning of the period

    899

    463
    Cash as of end of the period

    $

    1,810

    $

    2,309

    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. We operate as a powerful family of brands, third-party brand accelerator, and an omnichannel distribution platform. The Company has entered the cryptocurrency industry and cash management of assets through a digital asset treasury strategy. For more information on Greenlane’s treasury strategy and future developments, visit https://investor.gnln.com.

    Investor Contact:

    IR@greenlane.com

    or

    PCG Advisory
    Kevin McGrath
    +1-646-418-7002
    kevin@pcgadvisory.com

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements” within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical facts and include, without limitation, statements regarding the potential for and amount of additional cash proceeds from warrant exercises, use of proceeds from the announced PIPE, future announcements and priorities, expectations regarding management, market position, business strategies, future financial and operating performance, and other projections or statements of plans and objectives.

    These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors-many of which are beyond the Company’s control-that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company’s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; the market performance of BERA; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2025, its most recent Quarterly Report on Form 10-Q, and in other subsequent filings with the SEC. These filings are available at www.sec.gov. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    SOURCE: Greenlane Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Greenlane Holdings Inc. Completes $110 Million Private Placement, Prepares to Deploy Funds to Accumulate BERA

    • The Company holds $50M of cash and approximately 55M BERA, valued at $110M based on Binance’s 24-hour VWAP for the period ending at 12:00 a.m. ET on October 23, 2025

    • Ben Isenberg appointed as Chief Investment Officer to manage the Berachain treasury strategy

    • Bruce Linton joins the board as Chairman, and Billy Levy joins as director

    BOCA RATON, FLORIDA / ACCESS Newswire / October 24, 2025 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq:GNLN) today announced the successful completion of its previously announced $110 million private placement offering (the “Offering”), consisting of approximately $50 million in cash and stablecoin investment and $59.5 million in BERA tokens. The Offering is supported by the Berachain Foundation, with the investment led by Polychain Capital and with participation by a high-quality group of investors including Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5 and more.

    Cash and stablecoin subscribers in the private placement were issued an aggregate of 3,328,012 shares of the Company’s Class A common stock and 9,789,166 pre-funded warrants to purchase common stock. Cryptocurrency subscribers were issued 15,504,902 pre-funded warrants, the exercise of which will be subject to stockholder approval. Additionally, the Company issued strategic advisor warrants to purchase 5,264,757 of common stock to certain advisors providing strategic advice and guidance relating to the Company’s business, operations, growth initiatives and industry trends in the crypto technology sector.

    [As a result, the Company now holds 54,227,042 BERA tokens on its balance sheet, with an aggregate value of approximately $108 million, based on Binance’s 24-hour volume-weighted average price for the period ending at 12:00 a.m. ET on October 23, 2025.. The Company intends to manage these tokens to generate yields through staking and activities and to enhance long-term value as the adoption of the BERA token increases]

    The directors and officers of the Company, the Berachain Foundation and Polychain Capital have agreed to 180-day lock-up agreements with respect to their securities of the Company, subject to customary exceptions thereto.

    The Company intends to use the net proceeds of the Offering to implement a digital asset treasury strategy, and acquire BERA which will serve as the Company’s primary treasury reserve asset. BERA is the fee token of Berachain, the first Layer 1 blockchain powered by Proof of Liquidity to help businesses scale and power on-chain economies. Greenlane will continue operating its distribution business. The company expects to provide regular updates, including on its BERA acquisitions, treasury performance and governance measures, as it looks to build the largest institutionally managed BERA position in the public markets.

    “We are pleased to close this private placement investment,” said Ben Isenberg, Chief Investment Officer, BeraStrategy. “We are excited to move forward with executing our Berachain treasury strategy.”

    In connection with the closing, the Company appointed Bruce Linton as Chairman of the Board of Directors and Billy Levy as a director. Bruce Linton previously led Canopy Growth Corporation to a $15B market capitalization and has extensive experience in leading companies across communications and cleantech. Billy Levy is a serial entrepreneur and capital markets executive with a history of building, scaling, and exiting companies across multiple industries, including co-founding Virgin Gaming in collaboration with Sir Richard Branson.

    Advisors

    Aegis Capital Corp., served as exclusive placement agent for the offering.

    Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp. Sichenzia Ross Ference Carmel LLP acted as counsel to the Company. Paul Hastings LLP acted as counsel to Polychain Capital LP.

    About Berachain

    Berachain (BERA) is the first blockchain powered by Proof of Liquidity, designed to help businesses scale and provide sustainable on-chain economies. Proof of Liquidity provides BERA with a staking yield derived from the revenues or ownership of profitable, revenue-generating companies building on the network. Berachain has raised $150M from leading digital asset investors including Brevan Howard, Framework Ventures, Polychain Capital, Samsung Next, Laser Digital by Nomura, Goldentree Asset Management, SBI VC Trade and more.

    About Polychain Capital LP

    Polychain Capital, founded in 2016 by Olaf Carlson-Wee, is a premier investor in cryptocurrency protocols and companies. The highly crypto-native firm utilizes a hands-on, participatory approach towards investments with the goal to accelerate the global adoption of crypto.

    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. We operate as a powerful family of brands, third-party brand accelerator, and an omnichannel distribution platform.

    We proudly offer our own diverse brand portfolio and our exclusively licensed Marley Natural and K.Haring branded products. We also offer a carefully curated set of third-party products through our direct sales channels and our proprietary, owned and operated e-commerce platforms which include Vapor.com, PuffItUp.com, HigherStandards.com, Wholesale.Greenlane.com and MarleyNaturalShop.com.

    Media Contacts:

    Greenlane Holdings, Inc.

    Investor Contact:
    IR@greenlane.com

    or

    PCG Advisory
    Kevin McGrath
    +1-646-418-7002
    kevin@pcgadvisory.com

    Disclaimers:

    The offer and sale of the foregoing securities is being made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. The Company has agreed to file a registration statement with the Securities and Exchange Commission (the “SEC”) registering the resale of the shares of common stock and the shares of common stock underlying the pre-funded warrants. Any offering of the Company’s common stock under the resale registration statement will only be made by means of a prospectus. The securities have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    The information provided in this press release is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. Investment in cryptocurrency and decentralized finance (DeFi) projects involves substantial risk, including the risk of complete loss of investment. This press release does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements” within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical facts and include, without limitation, statements regarding the potential for and amount of additional cash proceeds from warrant exercises, use of proceeds from the announced PIPE, future announcements and priorities, expectations regarding management, market position, business strategies, future financial and operating performance, and other projections or statements of plans and objectives.

    These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors-many of which are beyond the Company’s control-that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company’s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; the market performance of BERA; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2025, and in other subsequent filings with the SEC. These filings are available at www.sec.gov. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    SOURCE: Greenlane Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Greenlane Holdings Inc Announces $110 Million Private Placement to Initiate Berachain Cryptocurrency Treasury Strategy; Expected to Become One of the Largest Publicly Traded BERA Holders

    • First and only Berachain (“BERA”) digital asset treasury backed by the Berachain Foundation

    • Financing led by institutional and crypto-native investors including Polychain Capital with participation from several other prominent investors, including Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5 and more.

    • Berachain is a Layer 1 blockchain pioneering Proof of Liquidity – a mechanism designed to accelerate the growth of onchain businesses, while capturing their value through the BERA token

    • The Company’s Berachain Treasury Strategy, BeraStrategy, will be led, upon completion of the Transaction, by Ben Isenberg, who will be appointed Chief Investment Officer, with Bruce Linton joining the board as Chairman and Billy Levy joining as Director.

    BOCA RATON, FLORIDA / ACCESS Newswire / October 20, 2025 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq:GNLN) today announced the pricing and signing of a private investment in public equity (“PIPE”) transaction (“the Transaction”). The Transaction is being led by Polychain Capital with participation from a high-quality group of investors including Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5 and more.

    The Company intends to use the net proceeds of the Transaction to implement a digital asset treasury strategy, and acquire BERA, the native cryptocurrency of the Berachain blockchain. BERA will serve as the Company’s primary treasury reserve asset. BERA is the fee token of Berachain, the first Layer 1 blockchain powered by Proof of Liquidity to help businesses scale and power on-chain economies.

    “I believe BERA’s key differentiation is its yield source – in contrast to historic PoS chains like Ethereum and Solana, BERA’s yield is fueled by the monetization of its block rewards. I think there’s untapped potential in Berachain’s institutional growth as a whole. The team has built, what I believe to be, one of the most recognizable brands amongst crypto natives to-date, which we believe can grow with exposure in traditional capital markets” said Ben Isenberg, incoming Chief Investment Officer, BeraStrategy.

    “We’re excited to work with this talented and forward-thinking team on the development of its Treasury Strategy,” said Jonathan Ip, General Counsel, Berachain Foundation. “BeraStrategy represents a key step in Berachain’s broader engagement with capital markets and institutional participants. The team’s deep conviction in our ecosystem, combined with their experience across traditional finance, crypto markets, and retail communities, positions them perfectly to expand BERA’s reach and impact.”

    Following closing, the Company’s management team is expected to add decades of experience across global capital markets and technology businesses, including from incoming director and Chairman Bruce Linton and incoming director Billy Levy. Billy Levy is a serial entrepreneur and capital markets executive with a history of building, scaling, and exiting companies across multiple industries, including co-founding Virgin Gaming in collaboration with Sir Richard Branson. Bruce Linton previously led Canopy Growth Corporation to a $15B market capitalization and has extensive experience in leading companies across communications and cleantech.

    “We firmly believe that BERA is ushering in the next age of blockchain incentive structures. As a result, we believe it provides a compelling opportunity in the capital markets,” said Bruce Linton.

    Transaction Overview

    The Transaction consists of a $110 Million PIPE transaction for the purchase and sale of Greenlane’s Class A common stock, and/or pre-funded warrants to purchase shares of Class A common stock, at a purchase price of $3.84 per share and $3.83 per pre-funded warrant. Investors that intend to fund their purchase amount with locked and/or unlocked BERA in the offering will only be issued and sold pre-funded warrants. The PIPE is composed of approximately $50M of cash or cash equivalents, and approximately $60M of BERA tokens. The Transaction is expected to close on or about October 23, 2025, subject to the satisfaction of customary closing conditions.

    Upon closing, the Company intends to use the net proceeds from the offering primarily to fund the acquisition of BERA through open market purchases and over-the-counter transactions for the establishment of the Company’s BERA treasury operations, as well as for working capital and general corporate purposes.

    Trading & Next Steps

    The Company’s common stock will continue to trade on the Nasdaq Capital Market (Nasdaq: GNLN) with the updated treasury strategy effective immediately following the closing of the Transaction. The Company will emphasize transparency and verification of holdings and strong engagement with the BERA ecosystem and community.

    Greenlane will continue operating its distribution business. The company expects to provide regular updates, including on its BERA acquisitions, treasury performance and governance measures, as it looks to build the largest institutionally-managed BERA position in the public markets.

    Advisors

    Aegis Capital Corp., served as exclusive placement agent for the offering.

    Kaufman & Canoles, P.C. is acting as counsel to Aegis Capital Corp. Sichenzia Ross Ference Carmel LLP is acting as counsel to the Company. Paul Hastings LLP is acting as counsel to Polychain Capital LP.

    About Berachain

    Berachain (BERA) is the first blockchain powered by Proof of Liquidity, designed to help businesses scale and provide sustainable on-chain economies. Proof of Liquidity provides BERA with a staking yield derived from the revenues or ownership of profitable, revenue-generating companies building on the network. Berachain has raised $150M from leading digital asset investors including Brevan Howard, Framework Ventures, Polychain Capital, Samsung Next, Laser Digital by Nomura, Goldentree Asset Management, SBI VC Trade and more.

    About Polychain Capital LP

    Polychain Capital, founded in 2016 by Olaf Carlson-Wee, is a premier investor in cryptocurrency protocols and companies. The highly crypto-native firm utilizes a hands-on, participatory approach towards investments with the goal to accelerate the global adoption of crypto.

    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. We operate as a powerful family of brands, third-party brand accelerator, and an omnichannel distribution platform.

    We proudly offer our own diverse brand portfolio and our exclusively licensed Marley Natural and K.Haring branded products. We also offer a carefully curated set of third-party products through our direct sales channels and our proprietary, owned and operated e-commerce platforms which include Vapor.com, PuffItUp.com, HigherStandards.com, Wholesale.Greenlane.com and MarleyNaturalShop.com.

    Media Contacts:

    Greenlane Holdings, Inc.
    Investor Contact:
    IR@greenlane.com

    or

    PCG Advisory
    Kevin McGrath
    +1-646-418-7002
    kevin@pcgadvisory.com

    Disclaimers:

    The offer and sale of the foregoing securities is being made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. The Company has agreed to file a registration statement with the Securities and Exchange Commission (the “SEC”) registering the resale of the shares of common stock and the shares of common stock underlying the pre-funded warrants. Any offering of the Company’s common stock under the resale registration statement will only be made by means of a prospectus. The securities have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    The information provided in this press release is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. Investment in cryptocurrency and decentralized finance (DeFi) projects involves substantial risk, including the risk of complete loss of investment. This press release does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements” within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical facts and include, without limitation, statements regarding the potential for and amount of additional cash proceeds from warrant exercises, the anticipated closing date of the PIPE, use of proceeds from the announced PIPE, future announcements and priorities, expectations regarding management, market position, business strategies, future financial and operating performance, and other projections or statements of plans and objectives.

    These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors-many of which are beyond the Company’s control-that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company’s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; the market performance of BERA; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2025, and in other subsequent filings with the SEC. These filings are available at www.sec.gov. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    SOURCE: Greenlane Holdings, Inc.

    View the original press release on ACCESS Newswire