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The Largest Ever Technology Wave Is Coming! (Ad)
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How to Invest in AI's Fast-Growing Market (Ad)
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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
The Largest Ever Technology Wave Is Coming! (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
The Largest Ever Technology Wave Is Coming! (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
The Largest Ever Technology Wave Is Coming! (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
NASDAQ:GNLN

Greenlane (GNLN) Stock Forecast, Price & News

$0.32
0.00 (0.00%)
(As of 05/26/2023 03:58 PM ET)
Compare
Today's Range
$0.32
$0.33
50-Day Range
$0.29
$0.38
52-Week Range
$0.27
$8.39
Volume
48,900 shs
Average Volume
265,564 shs
Market Capitalization
$5.01 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.50

Greenlane MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1,008.3% Upside
$3.50 Price Target
Short Interest
Healthy
0.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.42
Upright™ Environmental Score
News Sentiment
0.43mentions of Greenlane in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.46) to ($0.55) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars


GNLN stock logo

About Greenlane (NASDAQ:GNLN) Stock

Greenlane Holdings, Inc. distributes and supplies vaporization products and accessories for vape shops and dispensaries. The firm offers packaging, rolling papers, grinders, glass products, and smoking accessories. The company was founded by Aaron LoCascio in 2005 and is headquartered in Boca Raton, FL.

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GNLN Stock News Headlines

Greenlane (NASDAQ: GNLN)
The Largest Ever Technology Wave Is Coming!
This summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did.
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
Earnings Preview For Greenlane Holdings
Greenlane Reports Q3 2022 Earnings
See More Headlines
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GNLN Company Calendar

Last Earnings
4/03/2023
Today
5/30/2023
Next Earnings (Estimated)
8/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Durable goods, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:GNLN
Fax
N/A
Employees
264
Year Founded
2005

Price Target and Rating

Average Stock Price Forecast
$3.50
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+1,008.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-115,760,000.00
Pretax Margin
-102.54%

Debt

Sales & Book Value

Annual Sales
$137.09 million
Book Value
$5.97 per share

Miscellaneous

Free Float
13,139,000
Market Cap
$5.01 million
Optionable
Not Optionable
Beta
2.14

Social Links


Key Executives

  • Craig Snyder
    President, Chief Executive Officer & Director
  • Lana Reeve
    Chief Financial & Legal Officer
  • Samuel Morales
    Vice President-Strategic Growth
  • Amir Sadr
    Secretary & General Counsel













GNLN Stock - Frequently Asked Questions

Should I buy or sell Greenlane stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GNLN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNLN, but not buy additional shares or sell existing shares.
View GNLN analyst ratings
or view top-rated stocks.

What is Greenlane's stock price forecast for 2023?

1 equities research analysts have issued 12 month price objectives for Greenlane's stock. Their GNLN share price forecasts range from $2.00 to $5.00. On average, they expect the company's stock price to reach $3.50 in the next twelve months. This suggests a possible upside of 1,008.3% from the stock's current price.
View analysts price targets for GNLN
or view top-rated stocks among Wall Street analysts.

How have GNLN shares performed in 2023?

Greenlane's stock was trading at $0.2875 at the start of the year. Since then, GNLN stock has increased by 9.8% and is now trading at $0.3158.
View the best growth stocks for 2023 here
.

Are investors shorting Greenlane?

Greenlane saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 63,900 shares, an increase of 26.5% from the April 30th total of 50,500 shares. Based on an average daily volume of 179,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold.
View Greenlane's Short Interest
.

When is Greenlane's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our GNLN earnings forecast
.

How were Greenlane's earnings last quarter?

Greenlane Holdings, Inc. (NASDAQ:GNLN) announced its quarterly earnings results on Monday, April, 3rd. The company reported ($1.02) EPS for the quarter. The business had revenue of $21.99 million for the quarter, compared to the consensus estimate of $26.99 million. Greenlane had a negative trailing twelve-month return on equity of 95.25% and a negative net margin of 96.63%.

What ETFs hold Greenlane's stock?

ETFs with the largest weight of Greenlane (NASDAQ:GNLN) stock in their portfolio include AXS Cannabis ETF (THCX) and Cambria Cannabis ETF (TOKE).Amplify Seymour Cannabis ETF (CNBS).

When did Greenlane's stock split?

Greenlane shares reverse split before market open on Wednesday, August 10th 2022. The 1-20 reverse split was announced on Wednesday, August 10th 2022. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, August 10th 2022. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

What guidance has Greenlane issued on next quarter's earnings?

Greenlane issued an update on its first quarter 2023 earnings guidance on Monday, April, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $23.00 million-$24.00 million, compared to the consensus revenue estimate of $27.54 million.

What other stocks do shareholders of Greenlane own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Greenlane investors own include KushCo (KSHB), Organigram (OGI), Enerplus (ERF), Matinas BioPharma (MTNB), Supreme Cannabis (SPRWF), ADMA Biologics (ADMA), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), MariMed (MRMD) and Novan (NOVN).

When did Greenlane IPO?

(GNLN) raised $80 million in an initial public offering (IPO) on Thursday, April 18th 2019. The company issued 5,300,000 shares at $14.00-$16.00 per share. Cowen and Company and Canaccord Genuity acted as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.

What is Greenlane's stock symbol?

Greenlane trades on the NASDAQ under the ticker symbol "GNLN."

Who are Greenlane's major shareholders?

Greenlane's stock is owned by a variety of institutional and retail investors. Top institutional investors include AXS Investments LLC (6.36%). Insiders that own company stock include Aaron Locascio, Adam Schoenfeld and William E Mote Jr.
View institutional ownership trends
.

How do I buy shares of Greenlane?

Shares of GNLN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Greenlane's stock price today?

One share of GNLN stock can currently be purchased for approximately $0.32.

How much money does Greenlane make?

Greenlane (NASDAQ:GNLN) has a market capitalization of $5.01 million and generates $137.09 million in revenue each year. The company earns $-115,760,000.00 in net income (profit) each year or ($15.36) on an earnings per share basis.

How many employees does Greenlane have?

The company employs 264 workers across the globe.

Does Greenlane have any subsidiaries?
The following companies are subsidiares of Greenlane: 1095 Broken Sound Pkwy LLC, Aerospaced LLC, Better Life Holdings, BioVapor Solutions LLC, Bocamore Connection LLC, GS Fulfillment LLC, Global Pacific Holdings LLC, Greenlane Holdings, HS Ponce City LLC, HS Products LLC, HSCM LLC, MSI Imports LLC, Northern Vector LLC, Pollen Gear LLC, QD Products LLC, Rocketmang LLC, South Atlantic Holdings LLC, South Reach LLC, Vape World Distribution Ltd., Vibes Holdings LLC, and Warehouse Goods LLC.
Read More
How can I contact Greenlane?

Greenlane's mailing address is 1095 BROKEN SOUND PARKWAY SUITE 300, BOCA RATON FL, 33487. The official website for the company is www.gnln.com. The company can be reached via phone at (877) 292-7660 or via email at investor@gnln.com.

This page (NASDAQ:GNLN) was last updated on 5/30/2023 by MarketBeat.com Staff

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