Greenlane Holdings Surges After Signing Cryptocurrency Agreements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 21 2025
0mins
Should l Buy GNLN?
Source: Globenewswire
Greenlane Holdings Inc. shares surged 71.72% to $1.58 in after-hours trading, following a significant price fluctuation from a regular trading close of $0.92.
The surge is attributed to Greenlane's wholly-owned subsidiary signing a Token Purchase and Sale Agreement and a Token Lending Agreement with Berachain Operations Corporation, marking a strategic entry into the digital asset space. This move is seen as a potential turnaround for the company, which has faced a staggering 99.90% decline in stock price over the past year.
This development could signal a shift in investor sentiment, as the company attempts to recover from its fragile market standing and explore new revenue streams.
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Analyst Views on GNLN
About GNLN
Greenlane Holdings, Inc. provides a global platform for the development and distribution of smoking accessories, vape devices, and lifestyle products to producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. The Company operates as a family of brands, third-party brand accelerator, and an omnichannel distribution platform. The Company offers its own diverse brand portfolio and its licensed Marley Natural and K.Haring branded products. It also offers a set of third-party products through its direct sales channels and its proprietary, owned and operated e-commerce platforms. Its Greenlane Brands include Groove, its smoke shop and ancillary product brand - Higher Standards, and its child-resistant packaging brand - Pollen Gear. It merchandises vaporizers, packaging, and other ancillary products in the United States, Canada, Europe, and Latin America. Its third-party brands include Storz and Bickel, Grenco Science, PAX, and Cookies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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