Greenlane Appoints Rob Shields as Chief Growth Officer
Experienced executive in scaling business and growing revenue BOCA RATON, FL / ACCESSWIRE / December 23, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it that Rob Shields has been appointed to the new role of Greenlane's Chief Growth Officer (CGO), effective (Date). Shields has served as a consultant for Greenlane since (Date).
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As the push to advance legal cannabis continues marijuana stocks are feeling the impact. The cannabis industry for each legal state or global region has its own set of laws and regulations. Currently in the USA, the fight for better reform and regulations has impacted the sector as a whole. For instance, you would think with billions being made by certain companies banking measures would have already been in place.
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Cannabis reform has played a big part in the way most marijuana stocks trade. But reform has been both bittersweet for consumers and business owners. For particular states in the US having legal cannabis is a certain victory for the culture. But in places like Florida quality is a big concern for consumers and the lack of proper quality control has impacted business dramatically. Which in turn has shaken some board members and shareholders for those companies that are publicly traded.
Greenlane Continues Product Diversification Strategy with Additional Homeland Security and Health Safety Product Offering
BOCA RATON, FL / ACCESSWIRE / December 5, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it has begun distribution of Toxi Shield by Safety Strips' premium quality and competitively priced iodine tablets produced by Safety Strips, Inc, a portfolio company of Safe Supply Streaming Co Ltd. (CSE:SPLY)(FSE:QM4)(OTCQB:SSPLF).
Greenlane Signs New U.S. Distribution Agreement with Veriteque USA, Manufacturer of the SwabTek(TM) and Verifique(TM) Brand of Field Test Kits
Institutional brand, SwabTek™, marketed to high-volume users for the detection of narcotics, explosives, gunshots and to Homeland Security and Customs and Border Protection for instant detection of terror threats and drugs at border checkpoints Consumer brand, Verifique™, marketed for detection of cannabis, fentanyl and other narcotics Simple, safe, and accurate chemistry field tests target global large-scale consumer, education, public health and corporate markets Addition of SwabTek tests to Greenlane's portfolio allows it to offer a more comprehensive array of testing technologies BOCA RATON, FL / ACCESSWIRE / November 19, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced a multi-year distribution agreement with Veriteque USA, Inc., ("Veriteque") a manufacturer of the patented SwabTek™ and Verifique™ brand of single-use, dry reagent presumptive field tests for detection of narcotics, explosives, gunshot residue and other harmful substances. Under the agreement, Greenlane will distribute Veriteque's comprehensive portfolio of field test kits in the U.S. with a focus on institutional retail, education, law enforcement and corporate accounts.
Greenlane Reports Third Quarter 2024 Financial Results
Quarterly Financial Highlights $1.4 million, or 52%, sequential revenue increase vs Q2 2024 Gross margin of 75% driven, in part, by E&O inventory sales $2.5 million decrease in salaries and benefits vs Q3 2023 $3.7 million decrease in G&A vs Q3 2023 $6.5 million capital raise Operating Highlights Executed two strategic distribution agreements to expand platform Streamlined our third-party product portfolio Restructured all existing third-party debt facilities Upgraded our sales and marketing organizations BOCA RATON, FL / ACCESSWIRE / November 15, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (Nasdaq:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today reported its financial results for the third quarter and nine months ended September 30, 2024. A Note on Our Revenue Reporting Beginning with our second quarter 2023 earnings release, we implemented a major restructuring of our industrial product lines, transitioning much of this business from gross sales to a commission structure.
3 Marijuana Stocks For You To Watch Today
The cannabis industry has been growing in popularity for years, intriguing more potential investors to take advantage of this burgeoning market. Marijuana stocks have offered an easier chance to do so, especially at a time when volatility is rapid. But is investing in marijuana stocks truly the best option or is it more of a volatile gamble? Well how far legislation has come in the USA has led to a boom in cannabis operators are the nation.
3 Marijuana Stocks To Buy And Hold Today?
Marijuana stocks saw a drastic drop in trading over the last several days. Yet this may not be as bad as some think it is. Many felt that cannabis reform being voted on in Florida during the presidential election may have been a catalyst for the cannabis sector. But to no unveil it did not pass along with Donald Trump's victory led to a drop in trading.
Greenlane Announces Exclusive Distribution Agreement with Safety Strips Tech Corp Fentanyl, Xylazine and Drink Spike Detection Test Strips
Portfolio includes Safety Strips Tech Corp.'s low-cost test strip that provides an affordable, reliable way for people to test substances for two of the dangerous adulterants that are exacerbating the growing opioid epidemic Greenlane to benefit from favorable inventory terms while leveraging its strong distribution, operations, marketing and sales teams to support the brand Addition of high margin test strips enhances the Company's portfolio of product offerings and revenue potential Preparations underway for university and government opportunities BOCA RATON, FL / ACCESSWIRE / November 7, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced an exclusive multi-year distribution agreement with Safety Strips Tech Corp ("Safety Strips"). Under the agreement, Greenlane will exclusively distribute Safety Strips fentanyl, xylazine and drink spike detection test strips in the U.S. Safety Strips, Inc. Testing Strips "Entering this adjacent product category has been high on our strategic priority list due to the alarming fact that the opioid crisis shows no signs of slowing and our customers are seeing increasing demand for more quality, affordable test strip options.
2 Top Marijuana Stocks For Future Gains
Marijuana stock investors whether they know it or not are in a unique position. A bit of context first the bulk of cannabis investors are more so focused on the future. What this means is they are searching for top marijuana stocks to buy. The idea is to buy hold and grow their positions when able. Volatility has always been a factor and with it being an election year things can amp up. Both presidential candidates have spoken in favor of legal cannabis.
Greenlane Announces Non-Binding Letter of Intent to Distribute the CURB Lifestyle, Inc. Breakthrough Inhalation Device Technology for Nicotine, Cannabinoids and Other Wellness Compounds
CURB's patented, non-heating, inhalation device uses ultrasonic vibrations to create a fine mist, ensuring maximum absorption without high temperatures 100% water-soluble, which ensures purity, safety, and efficacy Compatible with a wide range of formulations, including nicotine, cannabinoids, and other wellness compounds Combining Greenlane's industry leading omnichannel distribution platform serving wellness, health, and cannabis industries, with CURB Lifestyle's innovative inhalation technology BOCA RATON, FL / ACCESSWIRE / October 8, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it has entered into a non-binding letter of intent (the "LOI") to be a distributor in the U.S., Canada, Latin America, and the EU of the CURB Lifestyle, Inc. ("CURB") patented, non-heating, inhalation device capable of safely delivering a wide range of formulations, including nicotine, cannabinoids, and other wellness compounds. CURB's inhalation device is targeting multi-billion-dollar markets, with the primary verticals encompassing nicotine, cannabis and wellness.
Top Marijuana Stocks To Watch This Week For Better Action
Many marijuana stocks even in a volatile sector hold value and can present investment opportunities. If you're interested in investing in marijuana stocks there are some things to know. The cannabis sector is unpredictable and trading patterns can change without warning. From this, it can be tough to know when to buy or sell.
