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GNLN: Well, this little puppy could FLY today behind THIS kind of news. (But then, maybe not. Who knows??)
https://pulse2.com/greenlane-holdings-gnln-stock-why-it-surged-over-29-today/
https://seekingalpha.com/news/3851493-greenlane-stock-rises-as-it-begins-shipment-of-vaporizer-products-via-usps?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain
https://finance.yahoo.com/news/greenlane-begins-shipping-electronic-nicotine-120000477.html
$8million bridge loan + 15% due on June 30th. For a company that can't seem to make any money, it will certaintly be interesting to see how they handle this. Classic Redlane.
2021 Summary Compensation Table
Wouldn't parse correctly.
Total
469,885 257,000 of which was bonus not counting stock incentives
Nicholas Kovacevich?(2)
Chief Executive Officer
Aaron LoCascio?(3)
President
? 735,969 ? ?
Adam Schoenfeld?(4)
Chief Marketing Officer
? ? 808,969 ? ?
Operating expense, salaries grow assets from sales dwindle. Bridge loan due in full, June. Once again scramble to raise operating revenue for next 12 months. Amazing how he manages to get paid
Checking in on Redlane and seeing folks try to slap a $30 ask only to see the price move in the opposite direction is truly comical. Redlane remains silent, living in the delusion with nothing to tout except their distorted outlook.
It's almost like Redlane wants to do the 20:1 reverse split. On the one hand, they claim there is more going on in the company than in the entire world, and on the other they stay silent as the share price further erodes. No press releases, no communication. Redlane has always actively worked against it's shareholders and it seems that trend will never change.
Chief Ego's opening remarks on the conference call were cringe to say the least. You know the delusion has no bounds when what's happening in the Redlane board room is bigger than Ukraine-Russia.
This is available to the public and directly from the transcript,
"Over the past couple of months a lot has been going on in the broader capital markets and geopolitical landscape, and even more so here at our company..."
Redlane always looking outward to assign blame. Let's not forget that someone on team Redlane selected the dysfunctional ERP system that cost the company millions while also disrupting the operations of Redlane's customers.
It doesn't take a lot of analysis to locate the bottom here. But I'll save you some time. This is what it looks like... $0.00.
It's the week of 4/20 and Redlane continues it's tradition actively working against shareholders. Team Redlane couldn't be bothered to issue a PR this week. However, they did make time to issue 600k shares to a new hire and assemble a $50 mil shelf offering. Winning.
Udated on more stock options could be something of course discovered?
Well knows is a hammered ask how long you in for massive gains?
It's never too late to buy Redlane. Get in now and you can still lose 90% of your investment by summer.
Look like new investors did their DD and buyer's remorse is setting in. If there is one thing Redlane does best, it's burn investors.
,,,,,,,LOOKS THAT WAY. $1+
Where is everybody? We had good earnings but below expectations.
54% sales increase. Stock up over 20%
My average cost is 3.98
Will I ever break even?
Im glad i invested 15k into GNLN after they merged with KUSH. To get stuck with this CEO, he needs to go,
The CEO of a cannabis company touting the benefits of quitting cannabis (and actively working against investors). You just can't make this up.
Great to see many friends doing sober January this year. I've cut coffee, cannabis, & alcohol completely this month. I feel wonderful and have been getting a lot done personally & professionally. Always nice to reset once in a while. Cali-sober not a bad option either though 😉
— Nick Kovacevich (@nickkovacevich) January 20, 2022
Buy the dip! Let’s GM3 these jabronie shorts
Still above 1.0. No delisting. Keep shorting
The countdown to delist will likely begin tomorrow. This is pure trash so expect a reverse split to follow.
I'm not sure how this could be overvalued at .60c/sh if they have $42mil/quarter in revenue. Would this not be undervalued?
what am I missing here?
It’s time to get back on track!!! Blast off back to the promise land
Under a buck by December 1st. Pair that with the dilution coming (they can dilute again 90 days after closing that dumb merger with CrashCo), and Kushlane should kick off 2022 right around $0.60/share. Still overvalued at those levels.
What happened to the pro forma revenue they kept touting to get your "yes" votes? Based on these revs, one of these turds was just about belly up prior to the merger.
Did you read the conference call transcript? Looks like the only analysts left are the ones $70mil in the hole on this turd. Back to the OTC by spring for a brief holding pattern on the way to complete failure.
With the terrible decision to issue today's horrendous and unclear press release, there will likey be no run up to the earnings date. Expect further losses and decimation of the share price. Kushlane once again working against momentum and against whatever investors remain.
Breaking news. More coming soon. Shorts will be squeezed. Back to 6+ after tax loss selling ends
https://www.benzinga.com/markets/cannabis/21/10/23567976/exclusive-this-ancillary-cannabis-company-could-be-the-best-partner-for-big-players
Looks like the market gave a nice exit opportunity for a few minutes. $1.68 close today.
There is a 100% chance this will close red today. Kushlane lives in the red.
Kushlane can and likely will resume dilution in December. Pair that with the tax loss sell offs and this should easily enter 2022 under a buck.
One would think Kushlane would seize the opportunity to clarify how they ship their products in light of the USPS vape ban. But nope. Whatever shareholders remain are left in the dark, again.
Looks like the transformation from Redlane to even worse Kushlane has resumed today.
You will never get answers to your questions as long as Kushlane values silence over communication.
This is what focus looks like...
So glad Eater finally put out an OC list! Orange County's 16 Hottest Restaurants, Summer 2021 https://t.co/acwz6CCgRr
— Nick Kovacevich (@nickkovacevich) October 9, 2021
Looks like the transformation they sold investors on is complete...this has become Kushco.
Redlane opened their doors to failed OTC trash Kushco and this is the result. Now failed OTC trash Kushco has taken over the company and quickly reduced it to rubble.
This may not be the best pot stock out there, but it is definitely the worst.
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Greenlane (NASDAQ: GNLN) is one of the largest global sellers of premium cannabis accessories, CBD and liquid nicotine products. The Company operates as a powerful house of brands, third party brand accelerator and distribution platform for consumption devices and lifestyle brands serving the global cannabis, CBD, and liquid nicotine markets with an expansive customer base of more than 11,000 retail locations, including licensed cannabis dispensaries, and smoke and vape shops. Greenlane has an established track record of partnering with brands through all stages of product lifecycle, providing a range of services including product development, go-to-market strategy, sales and marketing support, market research, customer service, direct-to-consumer fulfillment, warranty repair, supply chain management, and distribution. In addition to owning and operating its own brands, Greenlane is the partner of choice for many of the industry’s leading players including PAX Labs, (Canopy-owned) Storz & Bickel, JUUL, Grenco Science, Firefly, DaVinci, Select, Sherbinski, Bloom Farms, Mary’s Nutritionals, Cookies and dozens of others. Greenlane’s house of brands is comprised of child-resistant packaging innovator Pollen Gear; VIBES rolling papers; the Marley Natural accessory line; the Keith Haring accessory line, Aerospaced & Groove grinders, and Higher Standards, which is both an upscale product line and an innovative retail experience with flagship stores at New York City’s famed Chelsea Market and Atlanta’s Ponce City Market. The company also owns and operates Vapor.com, an industry leading e-commerce platform which offers convenient, flexible shopping solutions directly to consumers.
The combination of efficient order fulfillment, effective inventory management, and merchandising expertise, comprise a difficult-to-develop skill-set. Greenlane has honed these capabilities since our inception.
Our customers always come first. This guides us in everything we do. Our highly trained sales force works tirelessly to provide white glove customer service, building strong-as-steel relationships with retail accounts through thick and thin.
Full service warranty &
repair center servicing
the industry’s leading brands
Sophisticated marketing
apparatus with presence across
North America and beyond
employees and counting
An extensive network of design, engineering, manufacturing, marketing, legal, and research resources
Packages delivered in 2018
110+ sales &
sales support staff
servicing more than
wholesale customers and
specialty brick-and-mortar
retail outlets
6 distribution centers
strategically located throughout
the US & Canada
More than
years of hard earned experience,
data, and knowledge
Smoke your competition today! Sign-up to receive the Greenlane Wholesale Catalog and learn how we can make your smoke shop buying experience as simple and enjoyable as possible. As soon as you submit your contact form, you will be redirected to the download page. Easy-to-read and in full color, the catalog houses images, details, and descriptions of our carefully curated selection of products.
We pride ourselves on providing industry-leading customer service to each member of our extended family. Our team of experts is here to assist, guide and cater to your specific needs while offering the newest, highest-quality products at competitive prices. Greenlane is your premium provider of wholesale head shop supplies.
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