Cannabis group Greenlane reports net loss amid expansion

Ranks of women, minority cannabis execs rebound to pre-pandemic levels, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.

Greenlane, a Florida-based distributor of medical and recreational marijuana vape products, reported improved revenue of $49.9 million for the first quarter 2019, up 15.3% from the same period last year.

The company, which listed on the Nasdaq April 23 as GNLN, reported a net loss of $17.7 million for the quarter.

The loss stemmed, in part, from costs associated with Greenlane’s expansion as a public company.

For more details, click here.