Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging. It also operates e-commerce Websites, such as VaporNation.com and VapeWorld.com. The company was founded in 2005 and is headquartered in Boca Raton, Florida.
Industry, Sector and Symbol
Industry Durable goods, not elsewhere classified
Sub-IndustryN/A
SectorConsumer Staples
CIKN/A
Phone877-292-7660
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$178.93 million
Profitability
Miscellaneous
Employees249
Next Earnings DateN/A
OptionableNot Optionable
Greenlane (NASDAQ:GNLN) Frequently Asked Questions
What is Greenlane's stock symbol?
Greenlane trades on the NASDAQ under the ticker symbol "GNLN."
What price target have analysts set for GNLN?
5 Wall Street analysts have issued 12-month target prices for Greenlane's shares. Their forecasts range from $10.00 to $23.00. On average, they anticipate Greenlane's stock price to reach $19.60 in the next twelve months. This suggests a possible upside of 455.2% from the stock's current price. View Analyst Price Targets for Greenlane.
What is the consensus analysts' recommendation for Greenlane?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlane in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Greenlane.
What are Wall Street analysts saying about Greenlane stock?
Here are some recent quotes from research analysts about Greenlane stock:
- 1. According to Zacks Investment Research, "Greenlane Holdings Inc. is a distributor of premium vaporization products and consumption accessories primarily in the United States and Canada. Its customers include smoke shops and regional retail chain stores as well as licensed cannabis cultivators, processors and dispensaries. The company owns and operates direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com. Greenlane Holdings Inc. is based in Boca Raton, United States. " (10/14/2019)
- 2. Northland Securities analysts commented, "We are initiating coverage on Greenlane Holdings, Inc. (Nasdaq: Outperform rating and $22 price target. We believe Greenlane is well positioned to benefit from a continued shift to non-combustion nicotine consumption along with growing CBD and legal cannabis markets. GNLN has a strong position in this distribution network as a partner with well known vaporizer companies, as well as many other products and accessories, and a growing share of internally developed brands." (5/13/2019)
Has Greenlane been receiving favorable news coverage?
News stories about GNLN stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Greenlane earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Greenlane.
Are investors shorting Greenlane?
Greenlane saw a increase in short interest in September. As of September 30th, there was short interest totalling 2,330,000 shares, an increase of 15.3% from the August 30th total of 2,020,000 shares. Based on an average daily volume of 270,200 shares, the days-to-cover ratio is currently 8.6 days. Currently, 25.1% of the shares of the company are short sold. View Greenlane's Current Options Chain.
Who are some of Greenlane's key competitors?
Some companies that are related to Greenlane include Medifast (MED), Mandom (MDOMF), Schweitzer-Mauduit International (SWM), Matthews International (MATW), John B. Sanfilippo & Son (JBSS), Chefs' Warehouse (CHEF), B&G Foods (BGS), e.l.f. Beauty (ELF), MGP Ingredients (MGPI), Tupperware Brands (TUP), Adecoagro (AGRO), New Media Investment Group (NEWM), Primo Water (PRMW), Turning Point Brands (TPB) and Purple Innovation (PRPL).
What other stocks do shareholders of Greenlane own?
Who are Greenlane's key executives?
Greenlane's management team includes the folowing people:
- Mr. Aaron LoCascio, Chairman & CEO (Age 33)
- Mr. Adam Schoenfeld, Pres, Chief Strategy Officer & Director (Age 34)
- Mr. Ethan Rudin, Chief Financial Officer (Age 44)
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 a price of $14.00-$16.00 per share. Cowen and Company and Canaccord Genuity served as the underwriters for the IPO and Ladenburg Thalmann, Roth Capital Partners and Northland Securities were co-managers.
When did the company's lock-up period expire?
Greenlane's lock-up period expired on Tuesday, October 15th. Greenlane had issued 6,000,000 shares in its public offering on April 18th. The total size of the offering was $102,000,000 based on an initial share price of $17.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the expiration of the lock-up period.
How do I buy shares of Greenlane?
Shares of GNLN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Greenlane's stock price today?
One share of GNLN stock can currently be purchased for approximately $3.53.
How big of a company is Greenlane?
What is Greenlane's official website?
How can I contact Greenlane?
Greenlane's mailing address is 1095 BROKEN SOUND PARKWAY SUITE 300, BOCA RATON FL, 33487. The company can be reached via phone at 877-292-7660 or via email at [email protected]
MarketBeat Community Rating for Greenlane (NASDAQ GNLN)
MarketBeat's community ratings are surveys of what our community members think about Greenlane and other stocks. Vote "Outperform" if you believe GNLN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GNLN will underperform the S&P 500 over the long term. You may vote once every thirty days.
