Greenlane reports third quarter 2024 financial results

Quarterly financial highlights $1.4 million, or 52%, sequential revenue increase vs q2 2024 gross margin of 75% driven, in part, by e&o inventory sales $2.5 million decrease in salaries and benefits vs q3 2023 $3.7 million decrease in g&a vs q3 2023 $6.5 million capital raise operating highlights executed two strategic distribution agreements to expand platform streamlined our third-party product portfolio restructured all existing third-party debt facilities upgraded our sales and marketing organizations boca raton, fl / accesswire / november 15, 2024 / greenlane holdings, inc. ("greenlane" or the "company") (nasdaq:gnln), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today reported its financial results for the third quarter and nine months ended september 30, 2024. a note on our revenue reporting beginning with our second quarter 2023 earnings release, we implemented a major restructuring of our industrial product lines, transitioning much of this business from gross sales to a commission structure.
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