Greenlane (GNLN)
Treasury operator deploying BERA alongside asset-light vapor-accessories commerce.
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Acquires, stakes, validates, and deploys BERA through its Digital Asset Segment while retaining a smaller asset-light accessories business. Earnings combine variable protocol rewards with fair-value changes in BERA holdings, and operations depend on Berachain participation, digital-asset controls, and third-party fulfillment.
Runs BeraStrategy, a treasury operation that acquires, holds, stakes, supports validators, and strategically deploys BERA and BERA-equivalent assets tied to the Berachain network. The Digital Asset Segment earns variable staking and validator rewards; liquidity provision and other approved protocol activity can also generate fees or incentives, while fair-value remeasurement of holdings affects earnings outside segment revenue.
Retains a reduced wholesale and distribution business through vapor.com, selling accessories, vape devices, and lifestyle products. Third-party partners hold inventory and fulfill orders, while internal operations retain customer relationships, digital marketing, and selected sales work. The treasury remains concentrated in BERA, and custody, valuation, cybersecurity, compliance, and related-party risks are overseen under the Treasury Policy by the Digital Assets Committee.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $14.1M · Total debt $0 · Total assets $32.0M · Shareholders' equity $25.5M
- Revenue
- $391.0K
- Operating income
- −$3.3M
- Net income
- −$24.8M
No dividends on record.
| Institutions | 15.37% | 28.9K shares | |
|---|---|---|---|
| 5 holders · as of Jun 30, 2026 | |||
| Insiders | 20.60% | 38.7K shares | |
| 5 holders · as of Sep 10, 2026 | |||
| Other | 64.03% | 120.2K shares | |
| remainder | |||
187.8K company shares as of Sep 2, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (694.5K in the company's Sep 22, 2026 report, 187.8K elsewhere); stakes use the report.
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ben IsenbergInsiderofficer: Chief Investment Officer | 15.60% | 29,292 | filed Sep 10, 2026 |
Yorkville Advisors Global, LPInstitution | 13.31% | 25,000 | as of Jun 30, 2026 |
Barbara SherInsiderofficer: Chief Executive Officer | 2.66% | 5,002 | filed Oct 23, 2025 |
Donald H. HunterInsiderdirector | 1.00% | 1,875 | filed Oct 23, 2025 |
Renah PersofskyInsiderdirector | 1.00% | 1,875 | filed Oct 23, 2025 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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- High Tide
Online accessories rival for vapor.com customer traffic and demand.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Greenlane | $2.57 | +3.63% | $465.6K | — | — | 0.2 | −50.4% |
| BitMine Immersion Technologies | $28.62 | +1.31% | $16.09B | — | 39.5 | 262.9 | +2,964.4% |
| Sharplink | $10.35 | +3.71% | $1.97B | — | 92.7 | 39.2 | +1,553.3% |
| Upexi | $1.25 | −0.79% | $92.5M | — | — | 3.7 | −4.6% |
| DeFi Development | $6.51 | 0.00% | $196.1M | — | — | 13.0 | +66.9% |
| High Tide | $2.71 | +2.85% | $231.1M | — | 21.9 | 0.4 | +31.2% |
| Median | — | 39.5 | 13.0 | +66.9% |