Company profile

Ticker
GNLN
Exchange
Website
CEO
Aaron M. LoCascio
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
830806637

GNLN stock data

(
)

Calendar

12 Nov 19
22 Nov 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Sep 18
Revenue 44.89M 52.99M 49.9M 43.56M
Net income -6.4M -3.22M -17.66M -135K
Diluted EPS -0.64 -0.03
Net profit margin -14.25% -6.08% -35.40% -0.31%
Operating income -5.53M -3.94M -5.16M 335K
Net change in cash -16.8M 66.56M -338.23K 1.72M
Cash on hand 52.54M 69.34M 2.78M 3.12M
Cost of revenue 38.45M 43.84M 40.91M 34.7M

Financial data from Greenlane earnings reports

Financial report summary

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Management Discussion
  • Net sales increased approximately $1.3 million, or 3.0%, in the three months ended September 30, 2019 compared to the three months ended September 30, 2018 primarily due to the change in the regulatory environment in Canada in October 2018. With the legalization of cannabis in Canada, we experienced an increase in overall sales to that country. Merchandise sales in Canada were approximately $6.4 million for the three months ended September 30, 2019, compared to approximately $3.2 million for the three months ended September 30, 2018, representing an increase of $3.2 million, or 100.0%. Merchandise sales in the United States were approximately $37.5 million for the three months ended September 30, 2019, compared to approximately $39.3 million for the three months ended September 30, 2018, representing a decrease of $1.8 million, or 4.5%. As a result of our acquisition of Conscious Wholesale on September 30, 2019, we have begun operating in the Netherlands and other European countries. Sales into such countries did not have an impact on our net sales for the nine months ended September 30, 2019 but will impact our net sales going forward.
Content analysis ?
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