Greenlane Holdings Reports Q2 2025 Results: Net Sales of $788K, Net Loss of $3.2M
Reuters
Aug 18
Greenlane Holdings Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Net Sales of $788K, Net Loss of $3.2M
Greenlane Holdings, Inc., a leading global seller of cannabis accessories and vaporization products, released its financial results for the second quarter ending June 30, 2025. The company reported net sales of $788,000 for the quarter, compared to $2.652 million in the same period of 2024. For the first six months of 2025, net sales were $2.257 million, down from $7.578 million in the first half of 2024. The company recorded a net loss of $3.215 million for the second quarter of 2025, a significant increase from the $632,000 loss in the second quarter of 2024. The net loss for the first half of 2025 was $7.082 million, compared to a $5.123 million loss in the same period of the previous year. During the second quarter, Greenlane completed a restructuring of its sales organization to better align with its omnichannel sales strategy. This involved new leadership and a stronger sales team, designed to improve sales performance and customer experience. Despite this reorganization negatively impacting sales and new customer acquisition in the quarter, the company has reported growth in new customers since the end of the second quarter.
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