---
schema_version: "secwatch.filing_event.v1"
accession: "0001743745-23-000058"
form_type: "8-K"
ticker: "GNLN"
cik: "0001743745"
company_name: "Greenlane Holdings, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:54:55.493850+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Greenlane Q2 revenue down 18% sequentially to $19.6M; net loss per share $6.56

## Summary
- Revenue $19.6M, down 18.1% from Q1; net loss attributable $10.5M ($6.56/share) vs $10.2M ($6.40/share) in Q1.
- Adjusted EBITDA loss improved to $5.8M from $6.8M in Q1; operating expenses reduced 6.2% sequentially.
- Cash and restricted cash fell to $4.65M from $5.87M in Q1; company targeted Q4 2023 profitability.
- Paid off $15M Whitehawk facility; expanded into disposable nicotine with brands like Fume and Tyson 2.0.
- Facility consolidation expected to save >$4M annually; launched five new products from house brands.

## SEC filing metadata
- accession: 0001743745-23-000058
- form_type: 8-K
- ticker: GNLN
- cik: 0001743745
- company_name: Greenlane Holdings, Inc.
- filed_at: 2023-08-14T23:59:59+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/1743745/000174374523000058/0001743745-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000058/gnln-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001743745-23-000058
- JSON: https://secwatch.observer/filing/0001743745-23-000058.json
- Plain text: https://secwatch.observer/filing/0001743745-23-000058.txt

## Key facts
- Earnings Releases
  Greenlane Holdings, Inc. reported the second quarter ended June 30, 2023 results: revenue $19.6 million, net income $10.5 million, EPS $6.56 per share.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $19.6 million
  - Net income: $10.5 million
  - EPS: $6.56 per share
  - Result: reported results
  source text: and specialty vaporization products, today reported financial results for the second quarter ended June 30 th , 2023. Recent Highlights • Revenue for Q2 2023 decreased to $19.6 million, compared to $24.0 million in Q1 2023. • Operating expenses in Q2 2023 were reduced $0.9 million or 6.2% compared with Q1 2023. • Net loss attributed to Greenlane Holdings, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000058/0001743745-23-000058-index.htm

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