---
schema_version: "secwatch.filing_event.v1"
accession: "0001743745-22-000086"
form_type: "8-K"
ticker: "GNLN"
cik: "0001743745"
company_name: "Greenlane Holdings, Inc."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:40:36.825477+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Greenlane Q3 revenue $28.7M (-31% YoY), net loss $79.2M with $66.8M goodwill impairment

## Summary
- Revenue $28.7M down 31% from $41.3M YoY; net loss $79.2M vs $28.7M loss in Q3 2021.
- Adjusted EBITDA loss $11.2M vs $6.9M loss a year ago; nine-month adjusted EBITDA loss $24.6M.
- CEO transition: President Craig Snyder to become CEO Jan 1, 2023; current CEO Nick Kovacevich moves to Chief Corporate Development.
- Sale of Boca Raton headquarters for $9.95M; $7.5M public offering closed; liquidity plan generated ~$27M.
- Launched new house brand Groove and distribution partnerships with AUXO by CCELL and Leaf Trade.

## SEC filing metadata
- accession: 0001743745-22-000086
- form_type: 8-K
- ticker: GNLN
- cik: 0001743745
- company_name: Greenlane Holdings, Inc.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743745/000174374522000086/0001743745-22-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743745/000174374522000086/axq32022earningsrelease11x.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001743745-22-000086
- JSON: https://secwatch.observer/filing/0001743745-22-000086.json
- Plain text: https://secwatch.observer/filing/0001743745-22-000086.txt

## Key facts
- Earnings Releases
  Greenlane Holdings, Inc. reported the nine months ended September 30, 2022 results: net income Net loss was $102.6 million, EPS $18.01 per share.
  - Period: the nine months ended September 30, 2022
  - Net income: Net loss was $102.6 million
  - EPS: $18.01 per share
  - Result: reported results
  source text: Net loss attributable to Greenlane Holdings, Inc. was $75.1 million during the quarter, or $11.43 per share, which included $66.8 million related to the Goodwill impairment charge, compared with a loss of $16.3 million, or $8.19 per share, in the third quarter of 2021. Net loss was $102.6 million, during the nine months ending September 30, 2022, or $18.01 per share, versus a net loss of $23.6 million, or $19.60 per share during the corresponding period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000174374522000086/0001743745-22-000086-index.htm
- Earnings Releases
  Greenlane Holdings, Inc. reported the quarter ended September 30, 2022 results: net income Net loss attributable to Greenlane Holdings, Inc. was $75.1 million, EPS $11.43 per share.
  - Period: the quarter ended September 30, 2022
  - Net income: Net loss attributable to Greenlane Holdings, Inc. was $75.1 million
  - EPS: $11.43 per share
  - Result: reported results
  source text: Net loss attributable to Greenlane Holdings, Inc. was $75.1 million during the quarter, or $11.43 per share, which included $66.8 million related to the Goodwill impairment charge, compared with a loss of $16.3 million, or $8.19 per share, in the third quarter of 2021. Net loss was $102.6 million, during the nine months ending September 30, 2022, or $18.01 per share, versus a net loss of $23.6 million, or $19.60 per share during the corresponding period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000174374522000086/0001743745-22-000086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.