Greenlane Q1 net loss $18.4M; BERA holdings reach 77.7M units, per-share up 44%

Greenlane Holdings, Inc.

Net revenue $0.4M, down 70% YoY; staking revenue $0.4M partially offset legacy wholesale decline.
Loss from operations $(5.6)M vs $(3.5)M; includes ~$2.3M non-recurring legal and advisory costs.
Held 77.7M BERA units at March 31, 2026 (cost $68.7M, fair value $34.2M); BERA-per-share rose ~44% to ~123 units.
Regained Nasdaq minimum bid price compliance on April 21, 2026; hearing cancelled.
Effected 1-for-8 reverse stock split on April 6, 2026; lock-ups on pre-funded warrants and BERA holdings expired.

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