---
schema_version: "secwatch.filing_event.v1"
accession: "0001743745-23-000072"
form_type: "8-K"
ticker: "GNLN"
cik: "0001743745"
company_name: "Greenlane Holdings, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:38:13.283953+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Greenlane restates financials for Q3 2022 through Q2 2023; $50.7M non-cash impairment correction

## Summary
- Audit Committee concluded ASC 360-10 impairment sequence error caused overstated definite-lived intangible assets.
- Estimated $50.7 million impairment charge in Q3 2022; related amortization in later periods to be reversed.
- Restatement impacts Q3 2022 (unaudited), FY 2022 (audited), Q1 and Q2 2023 (unaudited); revenue and COGS unchanged.
- Company will file amended Forms 10-K/A and 10-Q/A; full impact review ongoing.
- Prior financial statements for Affected Periods no longer reliable.

## SEC filing metadata
- accession: 0001743745-23-000072
- form_type: 8-K
- ticker: GNLN
- cik: 0001743745
- company_name: Greenlane Holdings, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000072/0001743745-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000072/gnln-20231110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001743745-23-000072
- JSON: https://secwatch.observer/filing/0001743745-23-000072.json
- Plain text: https://secwatch.observer/filing/0001743745-23-000072.txt

## Key facts
- Auditor Changes
  Greenlane Holdings, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: vely, the “Affected Periods”), as well as the relevant portions of any communication or filings which describe or are based on such financial statements, and therefore these financial statements for the Affected Periods should no longer be relied upon and are to be restated. These changes are to non-cash items and do not change the Company’s reported operating revenues or costs of goods sold, however, the Company determined that these changes have a material impact on the as-filed financial statements for the Affected Periods, and as a result, the restatement of the Affected Periods is required. The Company expects to file restated financial statements for the Affected Periods on Form 10-K/A and Form 10-Q/A, as applicable, as soon as reasonably practical.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000072/0001743745-23-000072-index.htm

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