Greenlane Partners with Infrared Finance to Deploy 30M BERA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
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Greenlane Holdings partnered with Infrared Finance to deploy up to 30M units of BERA into validator infrastructure on the Berachain network. Under the partnership, Infrared will operate validators on Berachain on behalf of Greenlane in accordance with Berachain's protocol rules, decentralization requirements, and validator participation framework. The BERA to be deployed with Infrared represents substantially all of the Company's remaining BERA holdings not previously deployed into liquid on-chain staking and does not involve the acquisition of additional BERA. On January 20, Berachain announced plans to deploy 20M units of BERA into two independent validators on the Berachain network.
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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.
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Greenlane Holdings to Deploy 20 Million BERA Units on Berachain Network
- Digital Asset Strategy: Greenlane Holdings 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 aimed at directly engaging with network infrastructure and enhancing market competitiveness.
- Participation Mechanism: Utilizing a Proof-of-Liquidity consensus mechanism, Greenlane's validator participation will contribute to network security while potentially earning variable rewards, thereby enhancing the company's asset management capabilities and laying the groundwork for future revenue growth.
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