Greenlane Holdings, Inc.
Filing Date: 2024-07-19
TL;DR
- 📉 Revenue Drop: Revenue decreased from previous years.
- 🔄 Strategic Partnerships: Formed new partnerships to reduce costs.
- 🌍 Market Expansion: Focused on growing in the U.S., Canada, and Europe.
- 🌿 Sustainability Goals: Committed to improving environmental practices.
Major Announcements
Greenlane made several significant announcements in 2023, including new strategic partnerships with MJ Packaging and a vape supplier. These partnerships aim to improve margins and reduce working capital requirements. The company also announced the sale of its Eyce and DaVinci brands to streamline its product portfolio.