Greenlane Holdings, Inc.,(NASDAQ: GNLN) a leading distributor of cannabis accessories and vaporization products, reported its financial results for the first quarter of 2023 late Monday. The company experienced a 9.0% increase in revenue, reaching $24.0 million, and significantly reduced operating expenses by 32%.
- Growth can be attributed to the successful launch of 16 new products, including offerings from Groove, Eyce, and DaVinci.
- Moreover, Greenlane demonstrated its commitment to optimizing operational efficiency by reducing operating expenses by a notable $7.1 million or 32% compared to the previous quarter.
- Although …