Greenlane Holdings to Deploy 20 Million BERA Units on Berachain Network
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20 Jan 26
Source: PRnewswire
Greenlane Holdings Inc. saw its stock rise by 6.16% as it crossed above the 5-day SMA, despite the broader market decline with the Nasdaq-100 down 2.22% and the S&P 500 down 2.11%.
The company plans to deploy approximately 20 million units of BERA into two independent validators on the Berachain network, marking a significant step in executing its digital asset treasury strategy. This initiative aims to enhance market competitiveness and contribute to network security while potentially earning variable rewards, thereby laying the groundwork for future revenue growth.
This strategic move into the digital asset space reflects Greenlane's commitment to innovation and could position the company favorably in a rapidly evolving market.
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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.
