Greenlane Holdings Inc Announces $110 Million Private Placement to Initiate Berachain Cryptocurrency Treasury Strategy; Expected to Become One of the Largest Publicly Traded BERA Holders

Greenlane (Nasdaq: GNLN) announced a $110 million PIPE to fund a new digital-asset treasury strategy, BeraStrategy, making BERA its primary treasury reserve asset. The PIPE is ~$50M cash and ~$60M in BERA tokens, priced at $3.84 per share (or $3.83 per pre-funded warrant). The transaction is expected to close on or about October 23, 2025. Ben Isenberg will be appointed Chief Investment Officer to lead BeraStrategy; Bruce Linton will join as Chairman and Billy Levy as director. Greenlane said it will continue its distribution business and provide regular updates on BERA holdings and treasury performance.