How have GNLN shares performed this year?

Greenlane's stock was trading at $0.5180 at the start of the year. Since then, GNLN shares have increased by 1,031.3% and is now trading at $5.86. View the best growth stocks for 2024 here .

How were Greenlane's earnings last quarter?

Greenlane Holdings, Inc. (NASDAQ:GNLN) announced its quarterly earnings data on Wednesday, August, 14th. The company reported ($1.33) earnings per share for the quarter. The company had revenue of $2.65 million for the quarter. Greenlane had a negative net margin of 66.59% and a negative trailing twelve-month return on equity of 202.12%.

When did Greenlane's stock split?

Shares of Greenlane reverse split before market open on Monday, August 5th 2024. The 1-11 reverse split was announced on Wednesday, July 31st 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 2nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 9 shares after the split.

Does Greenlane have any subsidiaries?

Greenlane subsidiaries include 1095 Broken Sound Pkwy LLC, Aerospaced LLC, Better Life Holdings, BioVapor Solutions LLC, Bocamore Connection LLC, Global Pacific Holdings LLC, Greenlane Holdings, and others.

When did Greenlane IPO?

Greenlane (GNLN) raised $80 million in an IPO on Thursday, April 18th 2019. The company issued 5,300,000 shares at $14.00-$16.00 per share. Cowen and Company and Canaccord Genuity acted as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.

How do I buy shares of Greenlane?

Shares of GNLN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

What other stocks do shareholders of Greenlane own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Greenlane investors own include KushCo (KSHB) , Organigram (OGI) , Enerplus (ERF) , Matinas BioPharma (MTNB) , Supreme Cannabis (SPRWF) , ADMA Biologics (ADMA) and EnLink Midstream (ENLC) .

NASDAQ:GNLN

Greenlane (GNLN) Stock Price, News & Analysis

$5.90

+1.45 (+32.58%)

(As of 02:52 PM ET)

Compare

Today's Range: $4.20
▼
$7.93
50-Day Range: $0.03
▼
$16.80
52-Week Range: $2.05
▼
$21.80

Volume: 7.39 million shs
Average Volume: 550,355 shs
Market Capitalization: $22.03 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

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Greenlane MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
3.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.42
Upright™ Environmental Score
News Sentiment: 1.43
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.51 out of 5 stars

Consumer Staples Sector

129th out of 133 stocks

Durable Goods, Not Elsewhere Classified Industry

2nd out of 2 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Greenlane.
Read more about Greenlane's stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
3.19% of the float of Greenlane has been sold short.
Short Interest Ratio / Days to Cover
Greenlane has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Greenlane has recently decreased by 90.96%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Greenlane does not currently pay a dividend.
Dividend Growth
Greenlane does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Greenlane has received a -424.94% net impact score from Upright. The largest negative impact of Greenlane in category "Physical diseases" seems to be driven mostly by its "Unflavoured e-cigarettes", "Flavoured e-cigarettes", and "Vaporizers" products. See details.
Environmental Sustainability
The Environmental Impact score for Greenlane is -2.42.

3.6

News and Social Media Coverage

News Sentiment
Greenlane has a news sentiment score of 1.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Greenlane this week, compared to 0 articles on an average week.
Search Interest
Only 2 people have searched for GNLN on MarketBeat in the last 30 days. This is a decrease of -89% compared to the previous 30 days.
MarketBeat Follows
4 people have added Greenlane to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Greenlane insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.04% of the stock of Greenlane is held by insiders.
Percentage Held by Institutions
Only 13.96% of the stock of Greenlane is held by institutions.
Read more about Greenlane's insider trading history.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Greenlane is -0.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Greenlane is -0.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Greenlane has a P/B Ratio of 0.18. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Read more about Greenlane's valuation and earnings.

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About Greenlane Stock (NASDAQ:GNLN)

Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise. It offers its products under the Groove, Eyce, DaVinci, Higher Standards, Pollen Gear, Marley Natural, and Keith Haring brands. The company also operates e-commerce websites, such as Vapor.com, Vaposhop.com, DaVinciVaporizer.com, PuffItUp.com, HigherStandards.com, EyceMolds.com, and MarleyNaturalShop.com. It serves customers through smoke shops, cannabis dispensaries, and specialty retailers. The company was founded in 2005 and is headquartered in Boca Raton, Florida.

GNLN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GNLN Stock News Headlines

August 14, 2024 | finanznachrichten.de

Aegis Capital Corp. acted as Exclusive Placement Agent on a $6.5 Million Private Placement Priced At-the-Market for Greenlane Holdings, Inc.

August 14, 2024 | msn.com

InvestorNewsBreaks – Greenlane Holdings Inc. (NASDAQ: GNLN) Executes $6.5M Private Placement

September 16, 2024 | Market JAR (Ad)

BREAKING NEWS: AI Tech Now Used to Stop School Shooters

Two seconds. That's all it takes for Knightscope's Automated Gunshot Detection to notify authorities and map a shooter's exact location.

August 12, 2024 | lse.co.uk

Greenlane Holdings Inc Share Price (GNLN.US)

August 12, 2024 | msn.com

Greenlane Stock Skyrockets On Plans To Distribute High-Sensitivity Test Strips To Tackle Opiate Crisis

August 12, 2024 | msn.com

Why Greenlane Holdings Stock Is Soaring

August 12, 2024 | investorplace.com

Why Is Greenlane (GNLN) Stock Up 210% Today?

August 8, 2024 | benzinga.com

Greenlane Hldgs (NASDAQ:GNLN) Stock Quotes, Forecast and News Summary

September 16, 2024 | Market JAR (Ad)

BREAKING NEWS: AI Tech Now Used to Stop School Shooters

Two seconds. That's all it takes for Knightscope's Automated Gunshot Detection to notify authorities and map a shooter's exact location.

August 8, 2024 | benzinga.com

Greenlane Hldgs (NASDAQ:GNLN) Stock, Guidance And Forecast

August 7, 2024 | lse.co.uk

Greenlane Holdings Share Price (GNLN.US)

July 29, 2024 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane CEO Barbara Sher Provides Corporate Update in Letter to Shareholders

April 23, 2024 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250

April 14, 2024 | investorplace.com

3 Penny Stocks to Sell in April Before They Crash & Burn

February 22, 2024 | benzinga.com

Greenlane Hldgs Stock (NASDAQ:GNLN) Dividends: History, Yield and Dates

November 27, 2023 | finanznachrichten.de

Greenlane Holdings, Inc.: Greenlane Announces Receipt of Nasdaq Listing Deficiency Notice

November 27, 2023 | finance.yahoo.com

Greenlane Announces Receipt of Nasdaq Listing Deficiency Notice

November 25, 2023 | morningstar.com

Greenlane Holdings Inc Class A GNLN

See More Headlines

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Company Calendar

Last Earnings: 8/14/2024
Today: 9/16/2024
Fiscal Year End: 12/31/2024
Next Earnings (Estimated): 1/14/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Staples
Industry: Durable goods, not elsewhere classified
Sub-Industry: Wholesale
Current Symbol: NASDAQ:GNLN
CUSIP: N/A
CIK: 1743745
Web: www.gnln.com
Phone: (877) 292-7660
Fax: N/A
Employees: 260
Year Founded: 2005

Profitability

EPS (Most Recent Fiscal Year): ($25.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-32,170,000.00
Net Margins: -66.59%
Pretax Margin: -66.98%
Return on Equity: -202.12%
Return on Assets: -50.94%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.96
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: $29.37 million
Price / Sales: 0.57
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $32.38 per share
Price / Book: 0.14

Miscellaneous

Outstanding Shares: 3,734,000
Free Float: 3,733,000
Market Cap: $16.62 million
Optionable: Not Optionable
Beta: 1.81

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Key Executives

Mr. Craig Snyder (Age 60)
CEO & Director
Comp: $224.9k
Mr. Aaron LoCascio (Age 38)
Co-Founder & Director
Comp: $65k
Ms. Lana Reeve (Age 57)
Chief Financial & Legal Officer
Comp: $192.61k
Mr. Nicholas Kovacevich (Age 38)
Chief Corporate Development Officer
Comp: $516.45k
Ms. Barbara Sher
Chief Operating Officer
Mr. Amir Sadr
General Counsel

Key Competitors

View All Competitors

GNLN Stock Analysis - Frequently Asked Questions

How have GNLN shares performed this year?: Greenlane's stock was trading at $0.5180 at the start of the year. Since then, GNLN shares have increased by 1,031.3% and is now trading at $5.86.
View the best growth stocks for 2024 here.
How were Greenlane's earnings last quarter?: Greenlane Holdings, Inc. (NASDAQ:GNLN) announced its quarterly earnings data on Wednesday, August, 14th. The company reported ($1.33) earnings per share for the quarter. The company had revenue of $2.65 million for the quarter. Greenlane had a negative net margin of 66.59% and a negative trailing twelve-month return on equity of 202.12%.
When did Greenlane's stock split?: Shares of Greenlane reverse split before market open on Monday, August 5th 2024. The 1-11 reverse split was announced on Wednesday, July 31st 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 2nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 9 shares after the split.
Does Greenlane have any subsidiaries?: Greenlane subsidiaries include 1095 Broken Sound Pkwy LLC, Aerospaced LLC, Better Life Holdings, BioVapor Solutions LLC, Bocamore Connection LLC, Global Pacific Holdings LLC, Greenlane Holdings, and others.
When did Greenlane IPO?: Greenlane (GNLN) raised $80 million in an IPO on Thursday, April 18th 2019. The company issued 5,300,000 shares at $14.00-$16.00 per share. Cowen and Company and Canaccord Genuity acted as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.
How do I buy shares of Greenlane?: Shares of GNLN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
What other stocks do shareholders of Greenlane own?: Based on aggregate information from My MarketBeat watchlists, some other companies that Greenlane investors own include KushCo (KSHB), Organigram (OGI), Enerplus (ERF), Matinas BioPharma (MTNB), Supreme Cannabis (SPRWF), ADMA Biologics (ADMA) and EnLink Midstream (ENLC).