Greenlane Holdings Announces Strategic Share Repurchase Program and Major Update on Digital Asset Treasury

Key Highlights for Investors

• \$2.0 Million Share Repurchase Program Announced
• Greenlane Holds 77.9 Million BERA Tokens, Representing 32% of Circulating Supply
• Strong Balance Sheet: \$32.5 Million in Cash/Equivalents, \$36.6 Million in Digital Assets, and No Debt
• Active Participation in Berachain’s Proof of Liquidity (PoL) Economy
• Board and Management Signal Confidence in Underlying Asset Value

Comprehensive Treasury Update and Share Repurchase Program

Greenlane Holdings, Inc. (Nasdaq: GNLN), a publicly traded digital asset treasury company with a strategic focus on the Berachain ecosystem, has delivered significant news for investors. On April 9, 2026, the company announced a \$2.0 million share repurchase program, authorized by its Board of Directors. This move signals the Board’s strong confidence in the company’s robust balance sheet, the underlying value of its digital asset holdings, and the long-term growth potential of the Berachain protocol.

Balance Sheet Strength and Liquidity Position

As of December 31, 2025, Greenlane reported:

• \$32.5 million in cash and cash equivalents (of which \$22.8 million is in stablecoins)
• \$36.6 million in digital assets at fair value
• Total liabilities of \$7.2 million with no outstanding debt
• Total stockholders’ equity of \$67.7 million

These figures come from the company’s audited consolidated financial statements, indicating a solid foundation and ongoing treasury growth.

Digital Asset Treasury: Strategic BERA Accumulation

By April 7, 2026, Greenlane had amassed approximately 77.9 million units of BERA, the native token of the Berachain blockchain, equating to around 32% of BERA’s circulating supply. This positions Greenlane as a dominant holder and strategic participant in Berachain’s ecosystem.

Key treasury metrics include:

• Total BERA Holdings: 77.9 million units
• Validator Deployment: 50.0 million units staked across multiple operators
• BERA Purchased (Recent Period): ~7.5 million units (February 27 – April 7, 2026)
• Cumulative Protocol Rewards: 1.46 million units earned since October 2025

Active Berachain Network Engagement

Greenlane has deployed a significant portion of its BERA holdings into validator infrastructure, including its proprietary BeraStrategy validator, and is actively engaged in Proof of Liquidity (PoL) staking. This means the company is not simply holding tokens, but is actively earning rewards and supporting network decentralization. Note, units deployed in validator infrastructure are subject to protocol-specific unbonding periods, which may limit near-term liquidity.

The company emphasizes that protocol rewards are not characterized as revenue, and investors should not interpret past reward rates as indicative of future performance due to the variable nature of blockchain protocols.

Why Berachain? Technical and Economic Differentiation

Greenlane’s management team believes Berachain stands out among Layer 1 blockchains due to its novel Proof of Liquidity mechanism, which allocates network emissions toward applications generating real network demand, rather than commoditized security functions. According to the company, this architectural decision enables Berachain to capture 60 to 80 cents on every dollar emitted, returning value to token holders. Since inception, Berachain has returned approximately \$42 million in cumulative revenue to BERA holders, which is a rare feat among Layer 1 protocols.

Management Commentary: Strong Conviction in Berachain’s Future

“Our conviction in Berachain continues to deepen. We are seeing real businesses with meaningful revenue leveraging its Proof of Liquidity mechanism to share value directly with token holders and tokenize real-world revenue streams on the network. We believe this differentiated economic model has the potential to drive significant adoption over time. As the only publicly traded vehicle providing exposure to the Berachain ecosystem, with a strong balance sheet and growing treasury of BERA, we believe now represents a compelling entry point for investors. The share repurchase program we’re announcing today reflects our conviction in the underlying asset value and our commitment to enhancing shareholder value.”

— Jason Hitchcock, Chief Executive Officer

Details of the Share Repurchase Program

• Authorization: Up to \$2.0 million of outstanding common stock may be repurchased via open market purchases, privately negotiated transactions, block trades, or otherwise, in accordance with federal securities laws (including Rule 10b-18).
• Flexibility: The program does not obligate the company to repurchase any specific number of shares. Timing, manner, price, and amount will be determined at the company’s discretion based on market price, liquidity, economic conditions, and other factors.
• No Fixed Expiration: The program can be modified, suspended, or terminated at any time without prior notice.
• Share Retirement: Any repurchased shares will be retired and become authorized but unissued shares.

This initiative follows a recently approved reverse stock split, signaling the Board’s focus on supporting trading liquidity and enhancing shareholder value. Such measures are typically viewed as price-sensitive, as they may influence the market’s perception of underlying value and reduce the supply of shares in the market.

What Shareholders Need to Know

• Greenlane is the only Nasdaq-listed, regulated vehicle with a mandate to accumulate BERA and participate in Berachain’s PoL infrastructure, providing unique, yield-generating blockchain exposure via a standard brokerage account.
• Significant BERA concentration (32% of circulating supply) means exposure to both the upside and risks of Berachain’s ecosystem, including market volatility, regulatory uncertainty, and technological risk.
• The share repurchase program could be accretive to shareholder value, especially if shares are perceived as undervalued relative to Greenlane’s underlying digital asset holdings.
• Investors are cautioned that BERA is a highly speculative asset, not legal tender, and may experience significant price volatility. Greenlane’s activities may not be suitable for all investors.

Forward-Looking Statements and Cautionary Notes

This announcement contains forward-looking statements, including expectations regarding the share repurchase program, Berachain-focused treasury strategy, and anticipated returns. These statements are subject to risks such as the volatility of BERA and digital assets, regulatory changes, cybersecurity threats, the company’s limited operating history in digital assets, and other factors described in Greenlane’s filings with the SEC.

BERA is not legal tender, is not backed by any central bank, and investments in digital assets are highly speculative. Investors are strongly encouraged to review the company’s “Risk Factors” in its latest 10-K and subsequent filings.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Digital assets and share repurchases involve substantial risk, including the risk of total loss. Investors should conduct their own due diligence and consult their financial advisor before making investment decisions. Forward-looking statements are subject to change and may not materialize as expected.

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