Greenlane Holdings, Inc.

Greenlane, founded in 2005, primarily focuses on a digital asset treasury strategy centered on BERA, the native digital asset of the Berachain layer-1 blockchain protocol. In October 2025, the company transitioned from a traditional wholesale and distribution operating model to this digital asset strategy. While a reduced-scale wholesale and distribution business continues to operate through an asset-light drop-ship model, Greenlane's main capital allocation now prioritizes acquiring, staking, participating as a validator, and strategically deploying digital assets. The company is a Berachain ecosystem participant, supporting the development and operation of blockchain-based infrastructure, including assets and applications built on Berachain. This involves network staking, validator participation, liquidity provisioning, and strategic initiatives aimed at contributing to the long-term sustainability of decentralized protocols within its portfolio. In October 2025, Greenlane adopted a Treasury Policy, allocating a significant portion of treasury assets on the balance sheet to digital assets, with BERA currently being the principal holding. The Board of Directors established a Digital Assets Committee in October 2025 to oversee this policy. Consequently, Greenlane's assets are highly concentrated in BERA.