Microcap Ledger

Tickers · $GNLN

Greenlane Holdings, Inc. $GNLN

By Microcap Ledger desk · CIK 0001743745

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Wholesale-Durable Goods, NEC
Headquarters
Boca Raton, FL
Fiscal year end
December 31
Shares outstanding
694,544 [10-Q 2026-08-14]
as of 2026-08-12

Sources: [10-K 2026-03-31]

What the company doesAI summary of filing

Greenlane Holdings is a revenue-generating company that shifted its primary business focus in October 2025 from wholesale distribution to a digital asset treasury strategy centered on BERA, the native token of the Berachain blockchain. The company acquires, holds, and manages BERA through staking, validator participation, and liquidity provisioning activities, while maintaining a scaled-down drop-ship wholesale and distribution business for legacy commerce operations. Greenlane makes money through digital asset appreciation, staking rewards, validator block rewards, and reduced revenues from its remaining e-commerce operations conducted primarily through vapor.com. The company faces significant regulatory uncertainty regarding digital assets and maintains its BERA holdings using multi-party computational wallet custody, with plans to deploy substantial portions into validator infrastructure on the Berachain network. [10-K 2026-03-31]

Segments: Digital asset treasury (BERA holdings and staking), Wholesale and distribution (drop-ship model), E-commerce (vapor.com)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$109.0K−$43.19M −$7.10M$6.07M[10-Q 2026-08-14]
FY ended Dec 2025$4.36M−$85.58M −$16.26M$32.51M[10-K 2026-03-31]
FY ended Dec 2024$13.28M−$17.64M −$6.75M$899.0K[10-K 2025-03-21]
Quarterly cash burn
−$3.55M
Cash runway Estimate
~5.1 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2025-03-198,336,953[10-K 2025-03-21]
2025-05-141,020,626,650[10-Q 2025-05-15]
2025-08-141,386,551[10-Q 2025-08-14]
2025-11-121,501,551[10-Q 2025-11-14]
2026-03-275,039,563[10-K 2026-03-31]
2026-04-17629,832[10-K/A 2026-04-30]
2026-05-13631,459[10-Q 2026-05-15]
2026-08-12694,544[10-Q 2026-08-14]
Shelf registration
S-3 filed 2025-11-21; declared effective 2025-12-10 [S-3 2025-11-21]

Listing status

Current status: 4 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-04-27. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-04-278-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-04-27]
2026-03-308-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-03-30]
2025-05-098-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-05-09]
2025-04-048-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-04-04]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-06-01Isenberg Benexercise30,000$0.08[4 2026-09-10]
2026-06-01Isenberg Benother708$3.39[4 2026-09-10]
2025-10-20Persofsky Renahgrant15,000—[4 2025-10-23]
2025-10-20Howe Michael Cgrant5,000—[4 2025-10-23]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.