Business
Greenlane Reports First Quarter 2026 Financial Results
BERA Holdings of 77.7 Million Units at Quarter-End; BERA-per-Share Increased Approximately 44% from Year-End BOCA RATON, Fla., May 15, 2026 (GLOBE NEWSWIRE)
About this update from Greenlane Holdings, Inc.
[{"type":"text","content":"BERA Holdings of 77.7 Million Units at Quarter-End; BERA-per-Share Increased Approximately 44% from Year-End\nBOCA RATON, Fla., May 15, 2026 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq: GNLN), a publicly traded company with a digital asset treasury strategy focused on the acquisition, management, and strategic deployment of BERA, the native token of the Berachain blockchain network, today reported its financial results for the first quarter ended March 31, 2026 (“first quarter 2026”). Digital Asset Treasury Strategy In October 2025, the Company adopted a digital asset treasury strategy (the “BERA Strategy”) focused on the acquisition, management, and strategic deployment of BERA, the native token of the Berachain blockchain network, following the closing of a $110.7 million private placement transaction (the “October 2025 private placement”). The Company’s treasury policy is overseen by the Board’s Digital Asset Committee, and capital deployment under the BERA Strategy is governed by a disciplined approach aimed at increasing long-term BERA-per-share. Additional information regarding the BERA Strategy and its component activities is set forth in the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”). During the first quarter 2026, Greenlane deployed approximately $10.1 million into BERA and BERA-equivalent digital assets and approximately $4.0 million into stablecoin-related protocol instruments. As of March 31, 2026, the Company held approximately 77.7 million units of BERA (inclusive of BERA-equivalent tokens) at a cost basis of approximately $68.7 million and a fair value of approximately $34.2 million, compared to approximately 51.7 million units of BERA at December 31, 2025. BERA-per-share increased to approximately 123 units of BERA per Class A share at March 31, 2026, from approximately 86 units of BERA per Class A share at December 31, 2025, an increase of approximately 44%. The Company also recognized approximately $0.4 million of staking revenue from participation in Berachain’s Proof of Liquidity (“PoL”) consensus mechanism. During the first quarter 2026, Greenlane Subsidiary Inc., a wholly-owned subsidiary of the Company, entered into a Token Purchase and Sale Agreement and a Token Lending Agreement w...