Australia markets closed

Greenlane Holdings, Inc. (GNLN)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
Add to watchlist
5.0000-0.0900 (-1.77%)
At close: 4:00PM EST
Full screen
Trade prices are not sourced from all markets
Previous close5.0900
Open5.0000
Bid4.8500 x 800
Ask5.0900 x 1100
Day's range4.3601 - 5.0800
52-week range1.0180 - 8.7300
Volume492,498
Avg. volume713,162
Market cap222.566M
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)-1.2360
Earnings date17 Nov 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Greenlane Acquires Eyce, The World’s Leading Brand of Silicone Smoking Products
    GlobeNewswire

    Greenlane Acquires Eyce, The World’s Leading Brand of Silicone Smoking Products

    Adds one of its top performing partners to its Greenlane Brands PortfolioBOCA RATON, Fla., March 03, 2021 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane” or “the Company”) (Nasdaq: GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it acquired the Eyce brand and substantially all of the assets of Eyce, a leading manufacturer of specialty silicone smoking products (“the Acquisition”). “Eyce is the definitive leader in premium silicone smoking products and a trusted Greenlane partner for more than seven years. We are very excited to welcome them as the newest addition to our in-house family of brands,” said Aaron LoCascio, Co-Founder and CEO of Greenlane. “Eyce’s premium products and innovative designs set them apart and we are thrilled to be working with the highly experienced and talented Eyce team to accelerate growth in the Greenlane brands portfolio.” Mr. LoCascio continued, “The Eyce acquisition represents the latest step in Greenlane’s relentless focus to find and acquire the highest quality brands and platform extensions in the cannabis market to further drive our revenue growth and profitability and deliver value to our shareholders. We have carefully built a robust pipeline of targets and we intend to add additional brands to our portfolio in the near term as we continue to execute on this growth plan.” Charlie Hoch, CEO of Eyce, added, “Greenlane has been an incredible partner over the years and their platform has been instrumental in enabling us to rapidly launch products into the market and build scale. We are thrilled to be joining the team and continuing to work together to accelerate development of the innovative products our customers demand.” The Acquisition is expected to be immediately accretive to Greenlane’s revenue and earnings. About EyceEyce is the leading manufacturer and product development company that specializes in silicone smoking products. Their ground-breaking and innovative product development and design work has made them a preferred choice around the world for those seeking superior experiences from reliable products. Eyce was founded in 2013 with their completely original Eyce Water Pipe Mold and since then has grown to create many other leading products in the counterculture industry. About Greenlane Holdings, Inc. Greenlane Holdings (NASDAQ: GNLN) 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 platform, vapor.com. Founded in 2005, Greenlane serves more than 11,000 retail locations and has over 250 employees with operations in 13 cities across the United States, Canada, and Europe. With a strong global footprint, Greenlane has been the partner of choice for many of the industry’s leading brands, who chose to leverage its strong distribution platform, unparalleled customer service, and highly efficient operations and logistics to accelerate their growth. Greenlane’s curated portfolio of house brands includes packaging innovator Pollen Gear™, VIBES™ rolling papers, Marley Natural™ Accessories; K.Haring Glass Collection, Aerospaced grinders and Higher Standards, which offers both an upscale product line as well as an innovative retail experiences with flagship stores located in Chelsea Market, New York and Malibu, California. For additional information, please visit: https://gnln.com/. Forward Looking Statements Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements. These forward-looking statements include, among others: comments relating to the current and future performance of the Company’s business, including the impact of the Eyce acquisition on the Company’s future revenue and earnings; the impact of the ongoing COVID-19 pandemic on the Company's business; growth in demand for the Company’s products; growth in the market for cannabis and nicotine; the Company’s marketing and commercialization efforts; future acquisition activity; the possibility of post-closing contingent payment and the Company’s financial outlook and expectations. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2019 and the Company's other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Additional information is also set forth in Greenlane's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to Greenlane on the date hereof. Greenlane undertakes no duty to update this information unless required by law. Media Contact:MATTIO CommunicationsGreenlane@mattio.com Investor Contact:Rob KellyInvestor Relations, MATTIO CommunicationsGreenlane@mattio.com1-416-992-4539

  • Greenlane (GNLN) Surges 6%: Is This an Indication of Further Gains?
    Zacks

    Greenlane (GNLN) Surges 6%: Is This an Indication of Further Gains?

    Greenlane (GNLN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

  • Greenlane Selected to Moderate Featured Session at SXSW Conference
    GlobeNewswire

    Greenlane Selected to Moderate Featured Session at SXSW Conference

    Eric Hammond, VP of Greenlane Brands, will moderate ‘Celebrities Redefining Cannabis Entrepreneurship,’ featuring panelists Berner, Al Harrington and Flo Storch BOCA RATON, Fla., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane”) (NASDAQ: GNLN), one of the largest global sellers of premium cannabis accessories and specialty vaporization products, today announced it will be participating in one of SXSW’s Featured Sessions, Celebrities Redefining Cannabis Entrepreneurship. The panel will be moderated by Eric Hammond, VP of Greenlane Brands, and features other notable business leaders including Berner, Founder & CEO of Cookies and VIBES™; Al Harrington, Founder & CEO of Viola Brands; and Flo Storch, Founder & CEO of Koko Nuggz. The Featured Session will discuss the changing business and cultural landscape in the cannabis industry and how leading cannabis brands are actively challenging social and economic disparities by partnering with high-profile entrepreneurs and amplifying their unique stories. Greenlane has been Berner’s business partner since 2019, when they collaborated to release their global line of premium rolling papers, VIBES. Additionally, Greenlane is a manufacturer and distributor of Cookies-branded accessories as well as operator of Cookies’ groundbreaking retail concept in Barcelona, Spain. Berner is also an investor in Koko Nuggz, a popular line of cannabis-centric confectionary products based in California and founded by Flo Storch. Former NBA player and Viola Brands founder Al Harrington, will also feature on the panel, where he’ll discuss Viola and how it aims to create more professional opportunities for entrepreneurs of color in the cannabis industry. “Greenlane is proud to facilitate such an important conversation about the future of cannabis culture and entrepreneurship with this esteemed group of visionary business leaders,” said Eric Hammond, VP of Greenlane Brands. “Berner, Al, and Flo have created some of the most engaging and refreshing brand experiences in the industry, and we look forward to sharing their insights with a global audience in March.” For more information on SXSW’s virtual conference from March 16–20, 2021, please visit https://www.sxsw.com/attend/. About Greenlane Holdings, Inc. Greenlane (NASDAQ: GNLN) is the leading global platform for the development and distribution of premium cannabis accessories and lifestyle products. The company operates as a powerful house of brands, third-party brand accelerator, and omni-channel distribution platform. Greenlane serves the global markets with an expansive customer base of more than 7,000 retail locations, including licensed cannabis businesses, smoke shops, and specialty retailers. As a pioneer in the cannabis space, Greenlane is the partner of choice for many of the industry’s leading brands, including PAX Labs, Storz & Bickel (Canopy-owned), Cookies, Grenco Science, and DaVinci. Greenlane also proudly owns and operates a diverse brand portfolio including packaging innovator Pollen Gear™, the K.Haring Glass Collection by Higher Standards, Marley Natural™, and VIBES™ rolling papers. Higher Standards, Greenlane’s flagship brand, offers both a high-end product line and immersive retail experience with groundbreaking stores in both New York City’s Chelsea Market and Malibu, California. Greenlane also owns and operates both Vapor.com and VapoShop.com, two industry-leading, direct-to-consumer e-commerce platforms in North America and Europe respectively. For additional information, please visit: https://gnln.com/. Media Contact:MATTIO CommunicationsGreenlane@mattio.com Investor Contact:Rob KellyInvestor Relations, MATTIO CommunicationsGreenlane@mattio.com 1-416-992-4539