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Stock impact report

Greenlane Renewables Announces First Quarter 2024 Financial Results [Yahoo! Finance]

Greenlane Holdings, Inc. - Class A (GNLN) 
Last greenlane holdings, inc. - class a earnings: 3/30 07:13 am Check Earnings Report
Company Research Source: Yahoo! Finance
VANCOUVER, BC May 9, 2024 /CNW/ - Greenlane Renewables Inc. (" Greenlane '' or the " Company ") (TSX: GRN) (FSE: 52G) (OTC: GRNWF) today announced its financial results for the first quarter ended March 31, 2024 . For further information on these results please see the Company's Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis filed under the Company's profile on SEDAR+ at www.sedarplus.ca . All amounts reported are in Canadian dollars and in accordance with International Financial Reporting Standards (" IFRS ") unless otherwise stated. First Quarter Highlights Include: Revenue of $18.1 million Gross profit of $4.6 million , Gross Margin before amortization of $4.8 million (27% of revenue); Adjusted EBITDA loss of $0.5 million Net loss and comprehensive loss of $0.8 million Sales Order Backlog of $24 million as at March 31, 2024 ; and Cash and cash equivalents of $7.2 million and no debt, other than payables, advance payment / Show less Read more
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