Greenlane Holdings, a Nasdaq-listed company, saw the value of its BERA token treasury decline from $70.2 million to $16.4 million as of June 30, representing a 76.6% mark-to-market shortfall. The company held 81.3 million BERA and equivalent units, currently valued at approximately $11.6 million at a price of $0.142 per unit. Greenlane reported a net loss of $24.8 million in the second quarter, including a $19.1 million noncash change in digital-asset fair value, while its cash position dropped from $32.5 million to $6.1 million. With a market capitalization of approximately $1.34 million and a share price of $1.93, the company falls far below the $5 million Nasdaq threshold under a potentially operative rule that could trigger delisting without the ordinary cure period.
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