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.