Greenlane Holdings reported a net loss of $24.8 million for Q2 2026, including a $19.1 million non-cash fair value loss on its digital asset holdings, primarily driven by the decline of BERA, the native token of Berachain, which has dropped nearly 76% year to date. The company holds approximately 81.3 million BERA tokens purchased for $70.2 million but now valued at just $16.4 million. Formerly a Nasdaq-listed cannabis accessories distributor, Greenlane pivoted to a digital asset treasury model called BeraStrategy in October 2025, financing the transformation through a $110 million private placement. With only $6.1 million in cash remaining by the end of June, the company’s operational runway raises significant concerns.
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