Greenlane Holdings, Inc.

Share Repurchase Program

The Repurchase Program follows the Company’s recently approved reverse stock split and represents an additional step the Board is taking to support trading liquidity and enhance shareholder value.

Under the Repurchase Program, the Board has authorized the Company to repurchase up to $2.0 million of its outstanding shares of common stock from time to time through open market purchases, privately negotiated transactions, block trades, or otherwise, in accordance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

The Repurchase Program does not obligate the Company to repurchase any specific number of shares. The timing, manner, price, and amount of any repurchases will be determined at the Company’s discretion based on a variety of factors, including the market price of the Company’s common stock, general market and economic conditions, the Company’s liquidity requirements, applicable legal requirements, and other factors the Board deems relevant.

The Company may enter into one or more plans under Rule 10b5-1 of the Exchange Act to facilitate repurchases. The Repurchase Program has no fixed expiration date and may be modified, suspended, or terminated by the Board at any time without prior notice. Any shares repurchased will be retired and returned to the status of authorized but unissued shares of common stock. Investors are encouraged to review the reported figures and draw their own conclusions.