Greenlane Holdings Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Net Sales Decline to $788K, Net Loss Widens to $3.22M, EPS at $(3.18)
Greenlane Holdings Inc. reported its financial results for the second quarter of 2025, ending June 30. The company, which specializes in premium cannabis accessories and related products, recorded net sales of $788,000 for the quarter, a significant decrease from $2.652 million in the same period of 2024. Greenlane's net loss for the quarter was $3.215 million, compared to a net loss of $615,000 in the second quarter of the previous year. The company has implemented a major restructuring of its industrial product lines, transitioning to a commission-based structure, which is expected to improve gross margins. Additionally, a restructuring of the sales organization has been completed to better align with the company's omnichannel strategy, although it negatively impacted sales and new customer acquisition in the short term. Subsequent to these changes, Greenlane has experienced new customer growth.
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