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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Item 8. Consolidated Statements of Cash Flows
| For the year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(17,657) | $(32,325) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 800 | 2,242 |
| Equity-based compensation expense | 86 | 284 |
| Change in fair value of contingent consideration | (1,000) | 262 |
| Change in provision for credit losses | 245 | 188 |
| (Gain) loss on disposal of fixed assets | 215 | 118 |
| Loss on extinguishment of debt | 876 | |
| Impairment of property and equipment | 153 | — |
| Unrealized loss on equity investments | — | 629 |
| Amortization of deferred financing costs and debt discount | 4,927 | 2,820 |
| Other | 171 | — |
| Changes in operating assets and liabilities, net of the effects of acquisitions: | ||
| (Increase) decrease in accounts receivable | (2,814) | 4,586 |
| Decrease in inventories | 6,315 | 20,113 |
| Decrease in vendor deposits | 674 | 2,531 |
| Decrease in other assets | 3,533 | 7,769 |
| Decrease in accounts payable | (2,319) | (2,770) |
| Decrease in accrued expenses and other liabilities | (841) | (7,032) |
| Decrease in customer deposits | (114) | (1,208) |
| Net cash used in operating activities | (6,750) | (1,793) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment, net | (244) | (1,007) |
| Proceeds from sale of equity investments | — | 1,037 |
| Net cash (used in) provided by investing activities | (244) | 30 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of Class A common stock, net of issuance costs | 5,640 | 3,852 |
| Proceeds from exercise of stock options and warrants, net of costs | 1,827 | — |
| Repayment of Asset-Based Loan | — | (15,000) |
| Proceeds from Secured Bridge Loan, net of costs | — | 2,090 |
| Debt issuance costs | — | (751) |
| Repayment of loan against future accounts receivable | (939) | (1,721) |
| Proceeds from future receivables financing | 225 | 3,894 |
| Payments on Eyce and DaVinci promissory notes | — | (2,133) |
| Repayments of notes payable | (2,275) | — |
| Proceeds from notes payable | 2,950 | — |
| Purchase consideration paid for Eyce and DaVinci acquisition | — | (350) |
| Other | (1) | (21) |
| Net cash (used in) provided by financing activities | 7,427 | (10,140) |
| Effects of exchange rate changes on cash | 3 | 190 |
| Net decrease in cash and cash equivalents | 436 | (11,713) |
| Cash and cash equivalents, as of beginning of the year | 463 | 12,176 |
| Cash and cash equivalents, as of end of year | $899 | $463 |
GREENLANE HOLDINGS, INC.
Reconciliation of cash and restricted cash to condensed consolidated balance sheets:
| For the year ended December 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 | $899 | $463 |
| Restricted cash | — | — |
| Total cash and restricted cash, end of period | $899 | $463 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for interest | $916 | $4,495 |
| Cash paid during the period for income taxes | $— | $— |
| Cash paid for amounts included in the measurement of lease liabilities | $— | $1,353 |
| Non-cash investing activities and financing activities: | ||
| Non-cash purchases of property and equipment | $— | $133 |
| Transfer from contingent consideration to notes payable | $— | $1,650 |
| Transfer from accrued expenses to notes payable | $— | $437 |
| Fair value of common stock warrants issued as a debt discount | $1,699 | |
| Extinguishment of debt in connection with Synergy Asset purchase agreement | $2,658 | $— |
| Issuance of Class A Warrants | $3,673 | — |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.