Greenlane (NASDAQ:GNLN) Shares Down 3.7% – Here’s Why

Posted by Trevor Kearing on Jul 13th, 2026

Greenlane Holdings, Inc. (NASDAQ:GNLN – Get Free Report)’s share price dropped 3.7% on Monday . The company traded as low as $2.41 and last traded at $2.4550. Approximately 7,494 shares traded hands during trading, a decline of 70% from the average daily volume of 25,120 shares. The stock had previously closed at $2.55.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Greenlane in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Check Out Our Latest Report on GNLN

Greenlane Stock Performance

The stock has a market capitalization of $1.55 million, a P/E ratio of -0.03 and a beta of 1.87. The business has a fifty day simple moving average of $3.18 and a 200-day simple moving average of $6.14.

Greenlane (NASDAQ:GNLN – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($1.34) EPS for the quarter, topping the consensus estimate of ($1,100,000.00) by $1,099,998.66. The company had revenue of $0.45 million during the quarter, compared to the consensus estimate of $35.56 million. Greenlane had a negative net margin of 3,001.59% and a negative return on equity of 234.48%.

Institutional Investors Weigh In On Greenlane

A hedge fund recently bought a new stake in Greenlane stock. Yorkville Advisors Global LP acquired a new stake in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $74,000. Yorkville Advisors Global LP owned 31.75% of Greenlane at the end of the most recent quarter. Institutional investors own 13.96% of the company’s stock.

About Greenlane

(Get Free Report)

Greenlane Holdings, Inc is a leading global distributor and direct-to-consumer retailer of premium cannabis consumption accessories and lifestyle products. The company’s portfolio spans hardware such as vaporizers, glassware, rolling papers, storage solutions, and concentrate tools, alongside branded and proprietary offerings designed to meet the evolving needs of both consumers and retail partners in the cannabis and hemp sectors.

Through a multi-channel platform, Greenlane serves a diverse customer base that includes smoke shops, dispensaries, specialty retailers and e-commerce operators.