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Greenlane Holdings (GNLN) AI Stock Analysis

GNLN

Greenlane Holdings

(NASDAQ:GNLN)

Select Model
Rating:38Underperform
Price Target:$1.50â–¼(-7.98% Downside)
Action:downgraded
Date:10/16/26

Greenlane Holdings faces extreme existential risks, resulting in a near-minimum score. The most significant factors driving this poor rating are the court-supervised liquidation proceedings of its key subsidiaries and a catastrophic financial decline characterized by dramatic revenue collapse and massive cash burn. Ongoing unprofitable operations have destroyed valuation metrics, while technical indicators reflect a heavily entrenched bearish trend across all timeframes.

Positive Factors
Minimal DebtMinimal reported debt reduces immediate creditor pressure and avoids the interest burden associated with heavily leveraged operations. This gives Greenlane some financial flexibility during restructuring, although that benefit is constrained by the company’s shrinking equity base and continuing losses.
Negative Factors
Severe Revenue and Profitability DeteriorationThe collapse in revenue, shift to negative gross profit, and widening net loss indicate that Greenlane’s current operating model is not generating sustainable product economics. Unless performance materially improves, the reduced scale will limit reinvestment, weaken competitive capacity, and increase dependence on restructuring or outside liquidity.

Greenlane Holdings (GNLN) vs. SPDR S&P 500 ETF (SPY)

-100%-75%-50%-25%0%25%GNLN-93.69%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$1.13M
Dividend Yield
―
Average Volume (3M)
36.26K
Price to Earnings (P/E)
-0.0
Beta (1Y)
0.72
Revenue Growth
-66.96%
EPS Growth
99.54%
Country
US
Employees
11
Sector
Consumer Defensive
Sector Strength
62
Industry
Tobacco

Greenlane Holdings Business Overview & Revenue Model

Company Description

Greenlane Holdings, Inc., established in 2005 and based in Boca Raton, Florida, is a prominent entity in the creation and supply of cannabis-related accessories, child-resistant containers, vaporization devices, and lifestyle goods. Its operations ex...

Greenlane Holdings Financial Statement Overview

Summary

Financial health is severely distressed. Despite a debt-free balance sheet, catastrophic revenue collapse, highly negative gross margins, and a relentless operational cash burn present a critical risk to the company's fundamental viability.

Income Statement

3Very Negative

Balance Sheet

35Negative

Cash Flow

5Very Negative
Financial statement breakdown
BreakdownTTMMar 2026Dec 2024Dec 2023Mar 2023Dec 2021
Income Statement
Total Revenue2.94M4.36M13.28M65.37M137.09M166.06M
Gross Profit-14.43M-12.46M6.28M17.83M24.98M33.85M
EBITDA-121.04M-84.69M-10.92M-24.63M-172.38M-48.15M
Net Income-121.69M-85.58M-17.64M-32.17M-169.51M-30.58M
Balance Sheet
Total Assets32.03M74.93M28.63M38.09M89.69M285.83M
Cash, Cash Equivalents and Short-Term Investments14.12M32.51M899.00K463.00K6.46M12.86M
Total Debt0166.00K8.68M9.17M19.80M31.70M
Total Liabilities6.54M7.21M22.35M27.10M50.69M89.46M
Stockholders Equity25.48M67.87M6.43M11.12M38.97M174.53M
Cash Flow
Free Cash Flow-5.36M-16.36M-6.99M-2.80M-29.21M-42.05M
Operating Cash Flow-15.46M-16.26M-6.75M-1.79M-26.43M-37.33M
Investing Cash Flow-27.54M-8.26M-244.00K30.00K12.03M-19.69M
Financing Cash Flow43.35M56.13M7.43M-10.14M13.93M38.96M

Greenlane Holdings Technical Analysis

Technical Analysis SentimentNegative
Last Price1.63

Price Trends

50DMA2.56Negative
100DMA2.46Negative
200DMA4.10Negative

Market Momentum

MACD-0.27Positive
RSI31.83Neutral
STOCH5.77Positive

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 1.63 is below the 20-day moving average (MA) of 2.26, below the 50-day MA of 2.56, and below the 200-day MA of 4.10, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 31.83 is Neutral, neither overbought nor oversold. The STOCH value of 5.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GNLN.

Greenlane Holdings Risk Analysis

Greenlane Holdings disclosed 126 risk factors in its most recent earnings report. Greenlane Holdings reported the most risks in the "Finance & Corporate" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

2 New Risks
1.If an amendment to the Nasdaq continued listing standards approved pursuant to delegated authority takes effect following Commission review, our Class A common stock could be subject to delisting without a compliance or cure period, accompanied by an immediate suspension of trading.Q2, 2026
2.Adverse outcomes in pending legal proceedings, including matters for which we have not recorded an accrual, could materially and adversely affect our liquidity and financial condition.Q2, 2026

Greenlane Holdings Peers Comparison

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

GNLN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
ISPRISPR46Neutral$77.97M-2.30453.73%―-24.69%16.08%
KAVLKAVL42Neutral$451.27K-0.02-9999.00%―-75.31%-17.46%
XXIIXXII40Underperform$1.34M0.00-20.47%―-27.44%99.95%
GNLNGNLN38Underperform$1.13M-0.01-314.86%―-66.96%99.54%

* Consumer Defensive Sector Average

Performance Comparison

-100%-50%0%50%100%GNLNXXIIKAVLISPRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GNLN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GNLNGreenlane Holdings1.63-23.57-93.53%
XXII22nd Century Group0.07-464.93-99.99%
KAVLKaival Brands Innovations Group Inc0.02-0.52-95.73%
ISPRIspire Technology, Inc.1.35-0.36-21.05%

Greenlane Holdings Corporate Events

Business Operations and StrategyLegal Proceedings

Greenlane subsidiaries enter court-supervised liquidation proceedings

Negative
Oct 15, 2026

On September 30, 2026, four direct and indirect subsidiaries of Greenlane Holdings, Inc. — Greenlane Holdings, LLC, Warehouse Goods LLC, KIM International, LLC and Kush Supply Co. LLC — executed irrevocable assignments for the benefit of...

Business Operations and StrategyFinancial DisclosuresLegal Proceedings

Greenlane Restructures Balance Sheet via Asset Deconsolidation

Negative
Oct 7, 2026

On September 30, 2026, several key subsidiaries of Greenlane Holdings, Inc., including Greenlane Holdings LLC, Warehouse Goods LLC, KIM International LLC and Kush Supply Co. LLC, executed assignments for the benefit of creditors under Florida law, tr...

Executive/Board ChangesRegulatory Filings and Compliance

Greenlane Holdings Restructures Board Committees After Director Resignations

Neutral
Sep 1, 2026

On August 18, 2026, Greenlane Holdings directors Michael Howe and Donald Hunter submitted their resignations from the board and all board committees, effective August 31, 2026, prompting a reshuffle of key governance roles. On August 28, 2026, the bo...

Executive/Board Changes

Greenlane Holdings Announces Upcoming Board Leadership Changes

Neutral
Aug 24, 2026

On August 18, 2026, Greenlane Holdings, Inc. announced that directors Michael Howe and Donald Hunter had submitted their resignations from the company’s Board of Directors, effective August 31, 2026. Both directors stepped down from all board c...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 15, 2026