Is Greenlane Holdings, Inc. (GNLN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Tobacco | ✗ NOT HALAL | |||
| DJIM | Excluded — Tobacco | ✗ NOT HALAL | |||
| MSCI | Excluded — Tobacco | ✗ NOT HALAL | |||
| S&P | Excluded — Tobacco | ✗ NOT HALAL | |||
| FTSE | Excluded — Tobacco | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | -78.4% | |
| Operating Margin | -1168.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -243.8% | |
| Return on Assets (ROA) | -45.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$7M |
| Free Cash Flow | -$7M |
| Total Debt | $9M |
| Debt-to-Equity | 2.9 |
| Current Ratio | 2.2 |
| Total Assets | $29M |
Price & Trading
| Last Close | $0.48 |
| 50-Day MA | $0.97 |
| 200-Day MA | $2.90 |
| Avg Volume | 607K |
| Beta | 1.2 |
|
52-Week Range
$0.37
| |
About Greenlane Holdings, Inc. (GNLN)
Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, Europe, and Latin America. The company offers vaporizers, pipes, rolling papers and packaging, grinders, other inhalation devices, storage solutions, and apparel lines. It offers its products under the Groove, Eyce, DaVinci, Higher Standards, Pollen Gear, Marley Natural, Storz and Bickel, Grenco Science, PAX, Cookies, and Keith Haring brands. The company also operates e-commerce platforms, such as Vapor.com, Wholesale.Greenlane.com, PuffItUp.com, HigherStandards.com, and MarleyNaturalShop.com. It serves cannabis producers, processors, brands, retailers, smoke shops, head shops, convenience stores, consumers, and cannabis dispensaries through its proprietary web stores, wholesale operations, distributor centers, and online marketplaces, such as Amazon, Etsy, and eBay. The company was founded in 2005 and is based in Boca Raton, Florida.
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Frequently Asked Questions
Is Greenlane Holdings, Inc. (GNLN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Greenlane Holdings, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Greenlane Holdings, Inc.'s debt ratio?
Greenlane Holdings, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Greenlane Holdings, Inc.'s key financial metrics?
Greenlane Holdings, Inc. has a market capitalization of $3M, and revenue of $13M. Return on equity stands at -243.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.