Greenlane Announces First Quarter 2020 Financial Results
Greenlane Holdings, Inc. - Class A (GNLN)
Last greenlane holdings, inc. - class a earnings: 3/30 07:13 am
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Source: GlobeNewswire
BOCA RATON, Fla., June 04, 2020 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane” or "the Company”) (Nasdaq: GNLN), one of the largest global sellers of premium cannabis accessories and specialty vaporization products, today reported financial results for the first quarter ended March 31, 2020. First Quarter 2020 Highlights(Unless otherwise stated, comparisons are made between Q1 2020 and Q4 2019 results) Revenue for the first quarter of 2020 was approximately $33.9 million;Sales of Greenlane Brands grew to $6.3 million dollars, representing 18.5% of total revenue; Gross profit was $7.3 million, or 22% of net sales, an increase of $0.8 million, representing an improvement in gross margin of 414 basis points;Entered into a new lease agreement for a new retail store located in Barcelona, Spain, which opened to the public on May 26, 2020;Vapor.com, one of the Company’s e-commerce platforms, daily store transactions increased 50.4%;VIBES branded product
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Sec Filings
- 4/1/24 - Form NT
- 3/27/24 - Form 8-K
- 2/26/24 - Form 8-K
- GNLN's page on the SEC website