Greenlane Holdings (NASDAQ: GNLN) closed its $110 million private placement consisting of approximately $50 million in cash and stablecoin investment and $59.5 million in BERA tokens, supported by the Berachain Foundation and led by Polychain Capital with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5 and others. The Company issued 3,328,012 Class A shares and 9,789,166 pre-funded warrants to cash and stablecoin investors, 15,504,902 pre-funded warrants to cryptocurrency investors subject to stockholder approval, and 5,264,757 strategic advisor warrants, and now holds 54,227,042 BERA tokens valued at roughly $108 million based on Binance’s 24-hour VWAP as of Oct. 23, 2025. Greenlane plans to use proceeds to execute its digital asset treasury strategy with BERA as its primary reserve asset while continuing its distribution business; directors, officers, the Berachain Foundation and Polychain Capital entered 180-day lock-ups, and the Company appointed Bruce Linton as Chairman and Billy Levy as director. Aegis Capital Corp. served as exclusive placement agent, with Kaufman & Canoles, P.C., Sichenzia Ross Ference Carmel LLP and Paul Hastings LLP providing legal counsel.
To view the full press release, visit https://ibn.fm/4glfM
About Greenlane Holdings, Inc.
Founded in 2005, Greenlane is a premier global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. We operate as a powerful family of brands, third-party brand accelerator, and an omnichannel distribution platform.
We proudly offer our own diverse brand portfolio and our exclusively licensed Marley Natural and K.Haring branded products. We also offer a carefully curated set of third-party products through our direct sales channels and our proprietary, owned and operated e-commerce platforms which include Vapor.com, PuffItUp.com, HigherStandards.com, Wholesale.Greenlane.com and MarleyNaturalShop.com.
For more information on the company, please visit: https://gnln.com/
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