Recent Updates — GNLN

On October 9, 2026, the court assumed jurisdiction over four direct or indirect subsidiaries—Warehouse Goods LLC, Greenlane Holdings LLC, KIM International LLC, and Kush Supply Co. LLC—after they executed irrevocable assignments for the benefit of creditors under Chapter 727 of the Florida Statutes on September 30, 2026. The proceedings are administered by assignee Philip J. von Kahle, who will liquidate assets to distribute proceeds to creditors. The company is deconsolidating these entities and operates in the cannabis technology sector.

Greenlane Holdings assigned substantially all assets of its legacy wholesale distribution subsidiaries to an assignee under Florida law, resulting in the deconsolidation of these entities from Greenlane's financial statements as of September 30, 2026. The company expects to recognize a preliminary gain on deconsolidation of approximately $3.2 million, calculated as liabilities removed exceeding assets transferred. This transaction removes the legacy operations, which had been largely wound down, from Greenlane's consolidated balance sheet and results of operations. Greenlane Holdings operates in the digital asset and cannabis technology sectors.

Greenlane Holdings, Inc. announced the resignation of directors Michael Howe and Donald Hunter from its Board of Directors and all committees, effective August 31, 2026. Both individuals served on the Audit and Compensation Committees, with Hunter chairing the former and Howe chairing the latter. The company stated that neither resignation resulted from any disagreement regarding operations or policies. Greenlane Holdings operates in the cannabis industry, providing technology solutions for cultivation and retail.

Greenlane Holdings reported a net loss of $24.8 million for the quarter ended June 30, 2026, driven by a $19.1 million non-cash impairment in its BERA digital asset holdings and a $1.8 million investment write-off. The company reduced operating expenses by approximately 37% sequentially to $3.6 million through headcount reductions. It holds 81.3 million units of BERA with a fair value of $16.4 million, up from 51.7 million at year-end. Management highlighted cost alignment and continued execution of its digital asset treasury strategy. The company monitors Nasdaq listing compliance amid regulatory changes regarding minimum market values.