Greenlane Q2 2026 net loss $24.8M on $19.1M BERA fair-value decline; Nasdaq listing risk flagged

Greenlane Holdings, Inc.

Q2 2026 net loss $24.8M vs $3.2M prior year; operating loss $3.3M; net revenue $0.1M, down 90% YoY.
Non-cash change in fair value of digital assets $(19.1M) in Q2; $(32.0M) for H1 2026, driven by BERA price declines.
BERA holdings ~81.3M units at June 30, 2026 (cost $70.2M, fair value $16.4M); BERA-per-share up ~37% from year-end to ~117 units.
Total operating expenses cut ~37% sequentially to $3.6M in Q2 from $5.8M in Q1 2026.
Nasdaq risk: SEC-approved $5M minimum market value rule (stayed July 29); company's market value would be below threshold absent stay.

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