Greenlane Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 21, 2025
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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Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| For the year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $13,275 | $65,373 |
| Cost of sales | 6,993 | 47,547 |
| Gross profit | 6,282 | 17,826 |
| Operating expenses: | ||
| Salaries, benefits and payroll taxes | 7,380 | 17,454 |
| General and administrative | 9,764 | 24,213 |
| Impairment of property, plant and equipment | 153 | — |
| Depreciation and amortization | 800 | 2,243 |
| Total operating expenses | 18,097 | 43,910 |
| Loss from operations | (11,815) | (26,084) |
| Other (expense) income, net: | ||
| Interest expense | (5,941) | (5,450) |
| Change in fair value of contingent consideration | 1,000 | — |
| Loss on extinguishment of debt | (876) | — |
| Other expense, net | (25) | (791) |
| Total other expense, net | (5,842) | (6,241) |
| Loss before income taxes | (17,657) | (32,325) |
| Provision for (benefit from) income taxes | — | — |
| Net loss | (17,657) | (32,325) |
| Less: Net loss attributable to non-controlling interest | (17) | (150) |
| Net loss attributable to Greenlane Holdings, Inc. | $(17,640) | $(32,175) |
| Net loss attributable to Class A common stock per share - basic and diluted (Note 9)* | $(14.56) | $(8.16) |
| Weighted-average shares of Class A common stock outstanding - basic and diluted (Note 9)* | 1,212 | 363 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | 20 | 190 |
| Comprehensive loss | (17,637) | (32,135) |
| Less: comprehensive loss attributable to non-controlling interest | (17) | (150) |
| Comprehensive loss attributable to Greenlane Holdings, Inc. | $(17,620) | $(31,985) |
| * | After giving effect to the Reverse Stock Splits - See Note 9 - Stockholders’ Equity. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.