Greenlane Holdings, Inc. — fact timeline

Greenlane Holdings, Inc. reported Q1-23 results: revenue between $23.0-24.0 million. Guidance initiated.

“Revenue for Q1-23 is expected to be between $23.0-24.0 million”

Greenlane Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $137.1 million.

“Greenlane Reports Q4 2022 Revenue of $22.0 Million and FY 2022 Revenue of $137.1 Million”

Greenlane Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $22.0 million.

“Greenlane Reports Q4 2022 Revenue of $22.0 Million and FY 2022 Revenue of $137.1 Million”

Greenlane Holdings, Inc. amended Amendment No. 2 to that certain Loan and Security Agreement with WhiteHawk Capital Partners LP, as the agent for the Lenders valued at approximately $6.6 million (effective 2023-02-09).

“On February 9, 2023, Greenlane Holdings, Inc. (the “Company”) entered into Amendment No. 2 to that certain Loan and Security Agreement, dated as of August 8, 2022 (the “Loan Agreement”), by and among the Company, certain subsidiaries of the Company as guarantors, the parties thereto from time to time as lenders (the “Lenders”), and WhiteHawk Capital Partners LP, as the agent for the Lenders (collectively, the “Loan Amendment”).”

Craig Snyder changed role as Chief Executive Officer at Greenlane Holdings, Inc..

“On January 1, 2023, in connection with the previously disclosed transition of Craig Snyder from President to Chief Executive Officer of Greenlane Holdings, Inc. (the “Company”), a wholly-owned subsidiary of the Company entered into a further amended and restated employment agreement (the “Amended Employment Agreement”) with Mr. Snyder.”

Craig Snyder was appointed as Chief Executive Officer at Greenlane Holdings, Inc..

“Craig Snyder, the Company’s current President and as of the Transition Date, the Company’s Chief Executive Officer”

Nicholas Kovacevich changed role as Chief Corporate Development Officer at Greenlane Holdings, Inc..

“Mr. Kovacevich will step down as Chief Executive Officer of the Company on December 31, 2022 and will continue his employment with the Company after the Resignation Date as Chief Corporate Development Officer, effective January 1, 2023”

Craig Snyder was appointed as Director at Greenlane Holdings, Inc..

“the Board will appoint Craig Snyder, the Company’s current President and as of the Transition Date, the Company’s Chief Executive Officer, to the Board to fill the vacancy created by the Resignations and the Board Decrease”

Richard Taney resigned as Director at Greenlane Holdings, Inc..

“Nicholas Kovacevich, Adam Schoenfeld and Richard Taney each provided notice of their intentions to resign as members of the Board of Directors (the “Board”) of Greenlane Holdings, Inc. (the “Company”), effective January 6, 2023”

Adam Schoenfeld resigned as Director at Greenlane Holdings, Inc..

“Nicholas Kovacevich, Adam Schoenfeld and Richard Taney each provided notice of their intentions to resign as members of the Board of Directors (the “Board”) of Greenlane Holdings, Inc. (the “Company”), effective January 6, 2023”

Nicholas Kovacevich resigned as Director at Greenlane Holdings, Inc..

“Nicholas Kovacevich, Adam Schoenfeld and Richard Taney each provided notice of their intentions to resign as members of the Board of Directors (the “Board”) of Greenlane Holdings, Inc. (the “Company”), effective January 6, 2023”

Greenlane Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“December 13, 2022, Greenlane Holdings, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.01 per share (the “Class A Common Stock”) had been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). The Nasdaq deficiency letter has no immediate effec”

Lana Reeve was appointed as Chief Financial and Legal Officer at Greenlane Holdings, Inc..

“On December 6, 2022, the board of directors (the “Board”) of Greenlane Holdings, Inc. (the “Company”) appointed Lana Reeve as the Company’s Chief Financial and Legal Officer, effective December 6, 2022.”

Darshan Dahya resigned as Chief Accounting Officer at Greenlane Holdings, Inc..

“On November 28, 2022, Darshan Dahya provided notice of his intention to resign as Chief Accounting Officer of Greenlane Holdings, Inc. (the “Company”), effective December 31, 2022.”

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.

“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.”

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.

“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.”

Greenlane Holdings, Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners (effective 2022-10-27).

“The Company agreed to pay A.G.P. an aggregate cash fee equal to 6.0% of the aggregate gross proceeds raised in the Offering pursuant to a Placement Agency Agreement entered into by the Company and A.G.P. on October 27, 2022 (the “Placement Agency Agreement”).”

Greenlane Holdings, Inc. entered into Purchase Agreements with certain investors valued at approximately $7.05 million (effective 2022-10-27).

“On October 27, 2022, Greenlane Holdings, Inc. (the “Company”) entered into securities purchase agreements (each a “Purchase Agreement” and, together, the “Purchase Agreements”) with certain investors, pursuant to which the Company agreed to issue and sell an aggregate of 6,955,555 shares of the Company’s Class A common stock, par value $0.01 per share (the “Common Stock”), pre-funded warrants to purchase 1,377,780 shares of Common Stock (the “Pre-Funded Warrants”) and warrants to purchase 16,666,670 shares of Common Stock (the “Standard Warrants”), in a public offering (the “Offering”).”

Craig Snyder was appointed as Chief Executive Officer at Greenlane Holdings, Inc..

“Craig Snyder, who joined the Company in March 2022 as Chief Commercial Officer and has served as the Company’s President since August 2022, will assume the position of Chief Executive Officer on the Transition Date”

Nicholas Kovacevich changed role as Chief Corporate Development Officer at Greenlane Holdings, Inc..

“the Company announced that Nicholas Kovacevich, the Company’s Chief Executive Officer, will step down as Chief Executive Officer on December 31, 2022 and transition into a new role within the Company as Chief Corporate Development Officer effective January 1, 2023”

Darshan Dahya was appointed as Chief Accounting Officer at Greenlane Holdings, Inc..

“On April 11, 2022, the Board appointed Darshan Dahya as the Company’s Chief Accounting Officer, effective April 18, 2022.”

Renah Persofsky was appointed as Director at Greenlane Holdings, Inc..

“On April 11, 2022, the Board appointed Renah Persofsky as a member of the Board, effective immediately, to fill the vacancy created by Mr. Imbimbo’s resignation.”

Dallas Imbimbo resigned as Director at Greenlane Holdings, Inc..

“On April 8, 2022, Dallas Imbimbo informed the board of directors (the “Board”) of Greenlane Holdings, Inc. (the “Company”) of his resignation as a member of the Board, effective upon the Board’s appointment of a new director.”

Craig Snyder was appointed as Chief Commercial Officer at Greenlane Holdings, Inc..

“On March 9, 2022, the Board of Directors (the “Board”) of the Company appointed Craig Snyder as the Company’s Chief Commercial Officer, effective March 28, 2022.”

Adam Schoenfeld departed as Chief Marketing Officer at Greenlane Holdings, Inc..

“On March 10, 2022, Adam Schoenfeld, the Chief Marketing Officer and co-founder of the Company and a member of the Board, entered into a Separation and General Release Agreement (the “Separation Agreement”) with Warehouse Goods LLC, a wholly owned subsidiary of the Company, whereby Mr. Schoenfeld’s employment with the Company will be terminated effective March 31, 2022 (the “Separation Date”).”

Aaron LoCascio departed as President at Greenlane Holdings, Inc..

“Mr. LoCascio’s decision to step down as President of the Company and enter into the Separation Agreement is due to his desire to pursue other interests”

Rodrigo De Oliviera was appointed as Chief Operating Officer at Greenlane Holdings, Inc..

“Rodrigo De Oliviera’s appointment as Greenlane’s Chief Operating Officer became effective upon the closing of the Mergers.”

Aaron LoCascio changed role as President at Greenlane Holdings, Inc..

“Mr. Kovacevich replaces Aaron LoCascio, who will remain with Greenlane as President of the Company.”

Neil Closner resigned as Director at Greenlane Holdings, Inc..

“Neil Closner, a former director of Greenlane, provided a resignation letter to the Board that became effective upon the closing of the Mergers.”

Dallas Imbimbo was elected as Director at Greenlane Holdings, Inc..

“immediately following the effective time of Merger 1, the size of Greenlane’s Board of Directors (the “Board”) was increased from five members to seven members and Nicholas Kovacevich, the former Chief Executive Officer of KushCo, Don Hunter, a former member of the KushCo board of directors, and Dallas Imbimbo, a former member of the KushCo board of directors, were elected to the Board, each to serve until the next annual meeting of stockholders of the Company and until their successors have been duly elected and qualified.”

Don Hunter was elected as Director at Greenlane Holdings, Inc..

“immediately following the effective time of Merger 1, the size of Greenlane’s Board of Directors (the “Board”) was increased from five members to seven members and Nicholas Kovacevich, the former Chief Executive Officer of KushCo, Don Hunter, a former member of the KushCo board of directors, and Dallas Imbimbo, a former member of the KushCo board of directors, were elected to the Board, each to serve until the next annual meeting of stockholders of the Company and until their successors have been duly elected and qualified.”

Nicholas Kovacevich was elected as Director at Greenlane Holdings, Inc..

“immediately following the effective time of Merger 1, the size of Greenlane’s Board of Directors (the “Board”) was increased from five members to seven members and Nicholas Kovacevich, the former Chief Executive Officer of KushCo, Don Hunter, a former member of the KushCo board of directors, and Dallas Imbimbo, a former member of the KushCo board of directors, were elected to the Board, each to serve until the next annual meeting of stockholders of the Company and until their successors have been duly elected and qualified.”

Nicholas Kovacevich was appointed as Chief Executive Officer at Greenlane Holdings, Inc..

“as of the effective time of Merger 1, Mr. Kovacevich was appointed as the Chief Executive Officer of Greenlane.”

Neil Closner resigned as Director at Greenlane Holdings, Inc..

“On July 1, 2021, Neil Closner, a director of Greenlane Holdings, Inc. (the “Company”), provided a resignation letter to the Company’s board of directors (the “Board”).”