OverviewSuggest Edit

Greenlane distributes consumption accessories and vaporization products to wholesale and retail customers. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging. It also operates e-commerce Websites, such as VaporNation.com and VapeWorld.com. 

TypePublic
Founded2005
HQBoca Raton, US
Websitegnln.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Jun 2019)285(+12%)
Job Openings7
Revenue (FY, 2018)$178.9 M(+103%)
Share Price (Mar 2020)$1.5 (-19%)

Key People/Management at Greenlane

Adam Schoenfeld

Adam Schoenfeld

Chief Strategy Officer, Director
Aaron Locascio

Aaron Locascio

Chief Executive Officer, Director
Neil Closner

Neil Closner

Director
Ethan Rudin

Ethan Rudin

Chief Financial Officer
Jay Scheiner

Jay Scheiner

Chief Operating Officer
Richard Taney

Richard Taney

Director
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Greenlane Office Locations

Greenlane has an office in Boca Raton
Boca Raton, US (HQ)
1095 Broken Sound Pkwy NW #300
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Greenlane Financials and Metrics

Greenlane Revenue

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View revenue for all periods
Greenlane's revenue was reported to be $178.93 m in FY, 2018 which is a 102.7% increase from the previous period.
USD

Revenue (Q3, 2019)

44.9m

Gross profit (Q3, 2019)

6.4m

Gross profit margin (Q3, 2019), %

14.3%

Net income (Q3, 2019)

(6.4m)

EBIT (Q3, 2019)

(5.5m)

Market capitalization (13-Mar-2020)

131.3m

Closing stock price (13-Mar-2020)

1.5

Cash (30-Sept-2019)

52.5m

EV

89.0m
Greenlane's current market capitalization is $131.3 m.
Annual
USDFY, 2017FY, 2018

Revenue

88.3m178.9m

Revenue growth, %

103%

Cost of goods sold

67.7m143.2m

Gross profit

20.6m35.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019

Revenue

49.9m53.0m44.9m

Cost of goods sold

40.9m43.8m38.4m

Gross profit

9.0m9.2m6.4m

Gross profit Margin, %

18%17%14%
Annual
USDFY, 2017FY, 2018

Cash

2.1m7.3m

Accounts Receivable

3.8m8.2m

Inventories

14.2m29.5m

Current Assets

23.3m57.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019

Cash

2.8m69.3m52.5m

Accounts Receivable

10.8m11.9m7.6m

Prepaid Expenses

2.6m3.4m4.6m

Inventories

36.1m48.1m47.1m
Annual
USDFY, 2017

Net Income

2.3m

Depreciation and Amortization

789.0k

Inventories

(8.6m)

Accounts Payable

10.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019

Net Income

(17.7m)(20.9m)(29.8m)

Depreciation and Amortization

684.1k1.5m2.0m

Inventories

(6.7m)(18.5m)(15.8m)

Accounts Payable

2.0m5.2m(13.2m)
USDY, 2019

EV/EBIT

-16.1 x

EV/CFO

-2.7 x

Financial Leverage

1.3 x
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Greenlane Operating Metrics

Greenlane's Units Shipped was reported to be 17.1 m in FY, 2018. Greenlane's Stores was reported to be 6.6 k in FY, 2018. Greenlane's Monthly Unique Visitors was reported to be 2.9 m in FY, 2018.
FY, 2017FY, 2018

Monthly Unique Visitors

2.92 m

SKUs Offered

5 k

Stores

6.60 k

Units Shipped

4 m17.10 m
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Greenlane Acquisitions / Subsidiaries

Company NameDateDeal Size
1095 Broken Sound Pkwy LLC
Aerospaced LLC
Better Life Holdings
BioVapor Solutions LLC
Bocamore Connection LLC
Global Pacific Holdings LLC
Greenlane Holdings
GS Fulfillment LLC
HSCM LLC
HS Ponce City LLC
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Greenlane Revenue Breakdown

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Greenlane revenue breakdown by geographic segment: 8.7% from Canada, 89.6% from United States and 1.6% from Other

Greenlane Online and Social Media Presence

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Greenlane News and Updates

Greenlane to Report Fourth Quarter and Full Year 2019 Results on March 30, 2020

BOCA RATON, Fla., March 19, 2020 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (Nasdaq: GNLN) (“Greenlane”), one of the largest global sellers of premium cannabis accessories, CBD and liquid nicotine products, today announced that it will release its financial results for the fourth quarter and ful…

A leaked memo reveals that cannabis-vaporizer company Greenlane Holdings quietly laid off 31 employees in February

The cannabis-vapes and accessories company Greenlane Holdings laid off 31 employees across its Boca Raton, Florida, and Torrance, California, offices on February 18, according to a memo obtained by Business Insider. "While difficult, we truly believe the changes we are making are necessary and pre…

Greenlane Q3 sales fall short of estimates, board agrees share buyback of up to $5 million

Greenlane Holdings Inc. said Friday it had a net loss of $6.398 million, or 64 cents a share, in the third quarter, wider than the $135,000 loss, or 67 cents a share, posted in the year-earlier period. The maker of vapes and other accessories for the cannabis business said it's adjusted net loss ca…

Greenlane Announces Financial Results for the Third Quarter of 2019

BOCA RATON, Fla., Nov. 08, 2019 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (Nasdaq: GNLN) (“Greenlane” or “the Company”), one of the largest global sellers of premium cannabis accessories, CBD and liquid nicotine products, today reported financial results for its third quarter ended September 30…

ROSEN, A TOP RANKED LAW FIRM, Reminds Greenlane Holdings, Inc. Investors of Important Deadline in Securities Class Action

NEW YORK, Sept. 30, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Greenlane Holdings, Inc. pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in...

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Greenlane Holdings, Inc. To Contact The Firm

NEW YORK, Sept. 27, 2019 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ: GNLN) of the November 12, 2019 deadline to seek the role of lead plaintiff in a federal securities...
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Greenlane Blogs

Greenlane Announces Date of 2020 Annual Meeting of Stockholders

Greenlane Announces Date of 2020 Annual Meeting of Stockholders Content Import Tue, 03/24/2020 - 16:30 Greenlane Announces Date of 2020 Annual Meeting of Stockholders March 24, 2020 at 4:30 PM EDT This release is a backfill from a News Wire …

Higher Standards Opens Luxury Lifestyle Retail Concept In Malibu

Higher Standards Malibu Features Local Craftsmen and Designers Alongside Iconic Artists and a Curated Selection of CBD, Wellness Products and Accoutrements Expands Higher Standards National Footprint to Three Flagship Stores, with Other Locations Coming Soon NEW YORK , Jan.

Greenlane and AVD Announce Distribution Agreement

Greenlane and AVD Announce Distribution Agreement Content Import Tue, 01/07/2020 - 17:00 Greenlane and AVD Announce Distribution Agreement January 7, 2020 at 5:00 PM EST This release is a backfill from a News Wire Financial …

Greenlane Announces Launch of the K.Haring Collection Featuring Keith Haring’s Work

Pop Art Line of Functional Glass Art & Lifestyle Accessories Will Be Available Nationwide in Smoke Shops, Lifestyle Shops and Online BOCA RATON, Fla., Nov. 19, 2019 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (Nasdaq: GNLN) (“Greenlane”), one of the largest global sellers of premium cannabis

Greenlane to Participate at the Cowen 2nd Annual Boston Cannabis Conference

BOCA RATON, Fla., Nov. 12, 2019 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (Nasdaq: GNLN) (“Greenlane”), a leading distributor of premium vaporization products and consumption accessories, today announced that Aaron LoCascio, Chief Executive Officer and Ethan Rudin, Chief Financial Officer will

Greenlane Announces Exclusive Distribution Agreement with Santa Cruz Shredder

Agreement Broadens Greenlane’s Portfolio of High-Quality Partners  Santa Cruz Shredder Products Will Be Broadly Available Through the Greenlane Distribution Network BOCA RATON, Fla., Nov. 04, 2019 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (Nasdaq: GNLN) (“Greenlane”), one of the largest global
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Greenlane Frequently Asked Questions

  • When was Greenlane founded?

    Greenlane was founded in 2005.

  • Who are Greenlane key executives?

    Greenlane's key executives are Adam Schoenfeld, Aaron Locascio and Neil Closner.

  • How many employees does Greenlane have?

    Greenlane has 285 employees.

  • What is Greenlane revenue?

    Latest Greenlane annual revenue is $178.9 m.

  • What is Greenlane revenue per employee?

    Latest Greenlane revenue per employee is $627.8 k.

  • Who are Greenlane competitors?

    Competitors of Greenlane include Smiggle, Arett Sales and Brand Concepts.

  • Where is Greenlane headquarters?

    Greenlane headquarters is located at 1095 Broken Sound Pkwy NW #300, Boca Raton.

  • Where are Greenlane offices?

    Greenlane has an office in Boca Raton.

  • How many offices does Greenlane have?

    Greenlane has 1 office.