Greenlane Deploys 20M BERA Units on Berachain Network, Enhancing Digital Asset Treasury Strategy

Greenlane Holdings (GNLN) plans to deploy 20 million units of BERA into Berachain validators, enhancing its digital asset treasury strategy. The company operates in the consumer defensive sector, focusing on premium cannabis accessories and lifestyle products. Greenlane faces financial challenges with negative revenue growth, high operating and net margins, and a low gross margin. The company's valuation metrics indicate a distressed stock with a P/B ratio of 0.18 and P/S ratio of 0. Institutional ownership is low at 1.4%. Risks include financial distress, sector-specific risks, and high volatility with a beta of 1.75.