The Toronto vape tech company has now raised $56 million USD through financing and strategic investment.

AIR said the findings will be presented at the 2026 Tobacco Science Research Conference and will form part of its PMTA submission.

Reported Wednesday, May 21 - 8:37am EDT (TheFly subscription required to read more.)

Greenlane Holdings (Nasdaq:GNLN) reported challenging Q2 2025 financial results, with total revenue declining to $0.8 million from $2.6 million in the prior year period. The company implemented significant organizational changes, including a sales team restructuring and new leadership appointments. Operating loss improved slightly to $3.3 million compared to $3.5 million year-over-year.Key developments include distribution agreements with Greentank Technologies and PAX, appointment of Mike Hinson as EVP of Sales, and becoming the exclusive fulfillment platform for Safety Strips. The company ended Q2 with $5.7 million in cash and expects stronger performance in H2 2025, supported by early indicators of improved sales activity, including an 880% increase in new customer revenue from June to July.

Major distribution deal brings Greentank's innovative Quantum Chip vaping technology to US market through Greenlane's extensive retail network. See expansion details.