Greenlane Holdings (GNLN) AI Stock Analysis

• Market Cap: $6.33M
• Dividend Yield: N/A
• Average Volume (3M): 77.75M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.36
• Revenue Growth: -78.81%
• EPS Growth: 92.54%
• Country: US
• Employees: 49
• Sector: Consumer Defensive
• Sector Strength: 72
• Industry: Tobacco
• EPS (TTM): -3.87
• Shares Outstanding: 1,020,626,650
• 10 Day Avg. Volume: 232,421,796
• 30 Day Avg. Volume: 77,745,804
• PEG Ratio: >-0.01
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.63
• Enterprise Value/Market Cap: -0.55
• Enterprise Value/Revenue: -0.05
• Enterprise Value/Gross Profit: -0.63
• Enterprise Value/Ebitda: 0.08
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Greenlane Holdings is struggling with significant financial and operational challenges, including declining revenue and persistent losses. The technical analysis indicates strong downward momentum, and valuation metrics are unfavorable due to the lack of profitability and dividend yield. Additionally, the potential Nasdaq delisting adds further uncertainty. These factors result in a low overall stock score.

Greenlane Holdings Business Overview & Revenue Model

Company Description

Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers and packaging, grinders, and apparel lines, as well as bubblers, rigs, and other smoking and vaporization related accessories and merchandise. It offers its products under the VIBES rolling papers, Pollen Gear, the Marley Natural accessory line, Aerospaced & Groove grinders, Marley Natural, K. Haring Glass Collections, Eyce silicone pipes, Higher Standards, and DaVinci vaporizers brands. The company also operates e-commerce websites, such as Vapor.com, Higherstandards.com, Aerospaced.com, DaVincivaporizer.com, Harringglass.com, Eycemolds.com, Vapor.ca, Vaposhop.com, and Puffitup.com. It serves customers through a network of 8,500 smoke shops, cannabis dispensaries, and specialty retailers. Greenlane Holdings, Inc. was founded in 2005 and is headquartered in Boca Raton, Florida.

How the Company Makes Money

Greenlane Holdings makes money primarily through the wholesale distribution and direct-to-consumer sales of vaporization products and consumption accessories. The company's revenue streams include the sale of proprietary brands, third-party brands, and exclusive distribution agreements. Greenlane has established significant partnerships with leading manufacturers and brands in the cannabis industry, which allows it to offer a comprehensive product portfolio. Additionally, the company benefits from its e-commerce platform, providing online retail services to consumers. Greenlane's earnings are influenced by factors such as consumer demand in the cannabis market, regulatory changes, and the expansion of its product offerings.

Greenlane Holdings Financial Statement Overview

Summary

Greenlane Holdings is experiencing financial difficulties, with declining revenues and persistent losses. While the balance sheet shows manageable leverage, the company faces challenges in generating positive cash flows and sustaining operations without external financing. Strategic changes may be needed to improve profitability and financial health.

Income Statement

Greenlane Holdings has faced a significant decline in revenue over recent years, with a sharp drop from $185 million in 2019 to $13.3 million in 2024. The gross profit margin has been volatile, with a recent improvement in 2024. However, persistent negative net income and EBIT margins indicate ongoing challenges in achieving profitability.

Balance Sheet

The company has a relatively low debt-to-equity ratio, suggesting manageable leverage. However, declining stockholders' equity and total assets over time raise concerns about financial stability. The equity ratio is low, indicating limited asset financing through equity.

Cash Flow

Operating and free cash flows have consistently been negative, reflecting challenges in generating cash from operations. The company's reliance on financing activities for cash inflow is not sustainable long-term, and the free cash flow to net income ratio is unfavorable.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
9.82M	13.28M	65.37M	137.09M	166.06M	138.30M
	Gross Profit
5.49M	6.28M	-1.87M	24.98M	27.68M	22.77M
	EBIT
-11.31M	-11.81M	-26.08M	-56.37M	-52.72M	-39.98M
	EBITDA
-10.57M	-10.92M	-24.63M	-172.38M	-48.15M	-44.55M
	Net Income Common Stockholders
-17.01M	-17.64M	-32.17M	-169.51M	-30.58M	-14.52M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.87M	899.00K	463.00K	6.46M	12.86M	30.43M
	Total Assets
129.98M	28.63M	38.09M	146.05M	285.83M	122.65M
	Total Debt
11.30M	8.68M	9.17M	19.80M	31.70M	11.90M
	Net Debt
5.43M	7.78M	8.70M	13.34M	18.84M	-18.53M
	Total Liabilities
44.49M	22.62M	27.10M	50.69M	89.46M	53.39M
	Stockholders Equity
85.55M	6.43M	11.12M	95.36M	174.53M	15.06M
Cash Flow		Free Cash Flow
-6.79M	-6.99M	-2.80M	-29.21M	-42.05M	-14.61M
	Operating Cash Flow
-6.67M	-6.75M	-1.79M	-26.43M	-37.33M	-12.30M
	Investing Cash Flow
-125.00K	-244.00K	30.00K	12.03M	-19.69M	-4.14M
	Financing Cash Flow
18.60M	7.43M	-10.14M	13.93M	38.96M	-1.06M

Greenlane Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNLN, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.38, and below the 200-day MA of 2.60, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 19.46 is Positive, neither overbought nor oversold. The STOCH value of -0.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GNLN.

Greenlane Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPB	68 Neutral	$1.32B	32.26	27.53%	0.39%	3.17%	-2.23%
Sector *	64 Neutral	$8.82B	14.70	4.78%	173.90%	3.26%	2.11%
RLX	64 Neutral	$2.42B	27.45	4.07%	0.40%	75.72%	-6.45%
ISPR	47 Neutral	$156.01M	―	-110.47%	―	-1.69%	-106.13%
XXII	42 Neutral	$6.88M	―	-385.90%	―	-56.65%	99.11%
GNLN	40 Underperform	$6.33M	―	-113.32%	―	-78.81%	92.54%
KAVL	31 Underperform	$6.89M	―	-70.92%	―	-71.85%	59.22%

Greenlane Holdings Corporate Events

Greenlane Holdings Faces Potential Nasdaq Delisting Notice

On May 5, 2025, Greenlane Holdings received a notification from Nasdaq about the potential delisting of its securities due to concerns over shareholder dilution from a recent securities issuance. The company plans to present a compliance plan to Nasdaq and is considering trading on the OTCQB market if delisted.

Spark’s Take on GNLN Stock

According to Spark, TipRanks’ AI Analyst, GNLN is a Neutral.

Greenlane Holdings faces significant financial and operational challenges, with declining revenue and persistent losses. The technical analysis indicates a strong downward momentum, and valuation metrics are not favorable due to the lack of profitability and dividend yield. These factors combine to yield a low overall stock score.

To see Spark’s full report on GNLN stock, click here.