Greenlane Holdings Inc
For the period ended Mar 31, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Jul 25, 2024
GNLN$1.14-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| For the three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss (including amounts attributable to non-controlling interest) | $(4,491) | $(8,747) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 254 | 491 |
| Equity-based compensation expense | 86 | 205 |
| Change in provision for doubtful accounts | (7) | — |
| Other | — | 222 |
| Changes in operating assets and liabilities, net of the effects of acquisitions: | ||
| Increase in accounts receivable | (55) | (1,388) |
| Decrease in inventories | 2,210 | 3,600 |
| Decrease (increase) in vendor deposits | (195) | 997 |
| Decrease in other current assets | 446 | 4,396 |
| Increase in accounts payable | 807 | 1,904 |
| Increase in accrued expenses and other liabilities | 864 | 962 |
| Decrease in customer deposits | — | (759) |
| Net cash (used in) provided by operating activities | (81) | 1,883 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment, net | (135) | (176) |
| Proceeds from sale of assets held for sale | — | — |
| Net cash used in investing activities | (135) | (176) |
| Cash flows from financing activities: | ||
| Payments on Eyce and DaVinci promissory notes | — | (945) |
| Repayments of Asset-Based Loan | — | (6,493) |
| Modification costs of Asset-Based Loan | — | (751) |
| Proceeds from future receivables financing | 225 | — |
| Repayments of loan against future accounts receivable | (307) | — |
| Other | (10) | — |
| Net cash used in financing activities | (92) | (8,189) |
| Effects of exchange rate changes on cash | 2 | 178 |
| Net decrease in cash | (306) | (6,304) |
| Cash and restricted cash, as of beginning of the period | 463 | 12,176 |
| Cash and restricted cash, as of end of the period | $157 | $5,872 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
Reconciliation of cash and restricted cash to consolidated balance sheets
| For the three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Beginning of the period | ||
| Cash | $463 | $6,458 |
| Restricted cash | — | 5,718 |
| Total cash and restricted cash, beginning of period | $463 | $12,176 |
| End of the period | ||
| Cash | $157 | $5,872 |
| Restricted cash | — | — |
| Total cash and restricted cash, end of period | $157 | $5,872 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $444 | $— |
| Cash paid for amounts included in the measurement of lease liabilities | $— | $563 |
| Non-cash investing and financing activities: | ||
| Non-cash purchases of property and equipment | $— | $143 |
GREENLANE HOLDINGS, INC.
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