#1INVESTOR PRESENTATION greenlane FEBRUARY 2024#2GREENLANE DISCLAIMER NASDAQ: GNLN CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains, and oral statements made by representatives of Greenlane Holdings, Inc. (the "Company") in connection with this presentation may contain, forward-looking statements that are based on current expectations, forecasts and projections, including (but not limited to): capital market conditions, the current and future performance of the Company's business; the Company's long-term financial targets; growth in demand for the Company's products; growth in the market for cannabis, nicotine and hemp-derived CBD accessories; the Company's marketing and commercialization efforts; and the Company's financial outlook and expectations. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties, some or all of which are not predictable or within the control of the Company, that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. Factors that could cause results to differ include those set forth in the sections captioned "Cautionary Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 and "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 and the Company's other filings with the Securities and Exchange Commission. Non-GAAP Financial Measures This presentation information includes non-GAAP financial measures such as Adjusted EBITDA and Adjusted Selling, General & Administrative Expenses ("Adjusted SG&A"). Non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with GAAP. Other companies may use similarly titled non-GAAP financial measures that are calculated differently from the way the Company calculates such non-GAAP financial measures. Accordingly, the Company's non-GAAP financial measures may not be comparable to similar measures used by other companies. We caution investors not to place undue reliance on such non-GAAP measures, but instead to consider them together with the most directly comparable GAAP measure. Non-GAAP financial measures have limitations as analytical tools, and should not be considered in isolation, or as a substitute for the Company's results as reported under GAAP. Definition of these measures and a reconciliation of non-GAAP measures to the most directly comparable financial measure prepared in accordance with GAAP is included in the sections captioned "Adjusted EBITDA Reconciliation" and "Adjusted SG&A Reconciliation" on slides 26 and 27 of this presentation. Use of Market Data We use market data throughout this presentation that has generally been obtained from publicly available information and industry publications. These sources generally state that the information they provide has been obtained from sources believed to be reliable, but that the accuracy and completeness of the information are not guaranteed. The forecasts and projections are based on industry surveys and the preparers' experience in the industry, and there is no assurance that any of the projected amounts will be achieved. We have not independently verified this information. 2#3GREENLANE OUR MISSION OUR MISSION WE EXIST TO ELEVATE ALL ELEMENTS OF THE CONSUMPTION EXPERIENCE g NASDAQ: GNLN 3#4GREENLANE HOUSE BRANDS Greenlane is home to a selection of distinguished brands including Higher StandardsTM, Marley Natural, Eyce, DaVinci®, and Groove Greenlane's newest brand, offering simple, functional, and reliable products at an affordable price point. We continue to diversify our portfolio and defy industry limitations through elite craftsman- ship, technological innovation, and novel experiences. M MARLEY NATURAL DAVINCI HS HIGHER STANDARDS euce K.Haring GLASS COLLECTION AEROSPACED GROOVE Introduction ABOUT US مر FACTORY Creating innovative products at competitive prices WAREHOUSE Strategically located, highly-automated distribution centers in North America and Europe. + w GREENLANE HO 150+ Employees bringing premium products to market in the burgeoning head shop, smoke shop, dispensary channels, and beyond. C C E-COMMERCE Marketing strategy to reach cannabis consumers through our E-Commerce channels, vapor.com, Puffitup.com Wholesale.greenlane.com RETAIL Serving thousands of retail doors globally including Multi-State Operators, Smoke Shops, and thousands of licensed cultivators, processors, and dispensaries. NASDAQ: GNLN Owned Brands Owns and operates a diverse portfolio of house brands offering best-in-class products Licensed Partners Collaborates with brands such as K.Haring and Marley Natural™ to develop and distribute high-quality products Partner Brands 3rd party brands that work hand-in-hand with Greenlane to be distributed to a broad consumer base. Private & Confidential | 4#5GREENLANE LEGEND ● ● ● DEFINITIONS Producers - Cannabis cultivator, grower, flower brand, includes vertically integrated SSO's and MSO's, includes Canadian LP's Processors - Cannabis extractor, extraction labs, oil, concentrate, or edible brands, includes vertically integrated SSO's and MSO's, Includes Canadian LP's OUR CHANNELS Retailers - Cannabis retailer, dispensary, includes vertically integrated SSOS, MSO's C-Stores - Convenience store, gas station, chains Speciality Retailers - Smoke shop, head shop, bodegas etc. Consumers - DTC business using brand websites, DTC through platforms like Amazon, Google, Walmart, Mercardo Libre, etc. Distributors - Distribution companies who fill shelves in either speciality retail, cannabis retail, c-store, or sub-distribution MSO's - Vertically integrated Multi State Operators, many publicly traded SSO's - Vertically integrated Single State Operators, some publicly traded PRODUCERS PROCESSORS RETAILERS C-STORES DJ SPECIALITY RETAILERS CONSUMERS NASDAQ: GNLN OOO DISTRIBUTORS 01 5#6GREENLANE ADL گئی TM HIGHER STANDARD S Higher Standards was created to provide true connoisseurs with the tools they need for the most elevated smoking experience, from premium care and maintenance products that ensure the best flavor from your material to heavy-duty glass and sought after limited edition collaborations like the Higher Standards x Blazer Big Shot Torch. ● Founded in 2017 Brick & Mortar location in New York City's Chelsea Market All glass is made in the U.S.A. Multiple past collaborations include Jonathan Adler, Edie Parker, and Rogue Paq CONSUMERS RETAILERS SPECIALITY RETAILERS 000 NASDAQ: GNLN DOO DISTRIBUTORS 6#7GREENLANE PREMIUM FLOWER KIT CRYSTAL ASHTRAY S MINI TOOL A21 HEAVY DUTY MINI BEAKER & BEAKER GLASS FILTER TIPS TM HIGHER STANDARD S HS HEAVY DUTY RIG HEAVY DUTY SPOON HEAVY DUTY RIGGLER SOUHOS HIGHER STANDARDS GLASS TASTERS HS SALT ROX SALT ROX HS PIPE STIX NASDAQ: GNLN H RESIN RAGS z dezag RESIN RAGS HS mn PIPE DREAMZ PIPE DREAMZ 7#8GREENLANE SYMPATHE CUCC Eyce was built on the idea of creating products for the people by the people. Every day, the Eyce team works to solve problems for our consumers with high quality smoking pipes and accessories that embrace a modern, unique vibe. "Durability That Rips" has been our slogan since day one. Through that mantra, Eyce has established itself as the authority in the silicone segment. Smokers can enjoy Eyce's wide array of products knowing that they joining a community that continues to work and create with them in mind. Founded in 2013 In 2015, launched our first silicone product, the revolutionary Eyce Rig In 2018, developed industry leading Lifetime Warranty In 2020, Eyce takes its first step into glass with the ProTeck Line Acquired by Greenlane in 2021 In 2021, launched ORAFLEX patented technology - double layer silicone with hand painted detailing that embodies the craft of artisanal glass CONSUMERS RETAILERS NASDAQ: GNLN SPECIALITY RETAILERS C-STORES 0.0.0. 500 DISTRIBUTORS 8#9GREENLANE BEAKER SILICONE COLLECTION COLLECTOR HAMMER PNCE SHORTY MINI BEAKER SIDECAR RIG II SPOON ence® VA SOLO SPOON ORAFLEX® RIG SHORTY ALIEN SPOON Joka SPARK RIG NASDAQ: GNLN PROTECK™ (CNCE) ASHTRAY ROLLER ENCE DIEG ROLLING TRAY 9#10GREENLANE DAVINCI DAVINCIⓇ Like its namesake, DaVinci Tech is known for relentless innovation. Inspired by the vision and tenacity of Renaissance innovator Leonardo da Vinci, with the desire to change the world's imagination. The dreamers behind the brand never stop pursuing perfection, constantly advancing the cannabis experience through thoughtful design, meticulous engineering and innovative technology. DaVinci Tech designs tiny devices that are changing the bigger conversation about cannabis consumption. Founded in 2011 In 2012, launched first battery operated portable vaporizer In 2015, distribution established in five of seven continents In 2018, surpassed 500k units in the market Acquired by Greenlane in 2021 CONSUMERS RETAILERS SPECIALITY RETAILERS 000 NASDAQ: GNLN DOO DISTRIBUTORS 10#11GREENLANE DAVINCI DAVINCI ARTIQ DAVINCI DAVINCIⓇ TALINGS TO AD IQC DAVIRON MIQRO-C M S DAVINCE DAVINC O DAVINCI CARBON FIBER NASDAQ: GNLN 11#12GREENLANE GROOVE GROOVE C GROOVE Groove products are developed and vetted by industry experts to meet two key essentials- great quality and value pricing. When you purchase a Groove product, you can buy in confidence knowing that you're investing in a well designed item at a competitive price - and look rad doing it. Launched in 2022 with the CARA Line includes 9 different glass designs 6 more products expected to launch in 2023 CONSUMERS RETAILERS SPECIALITY RETAILERS C-STORES NASDAQ: GNLN 0.0.0. 500 DISTRIBUTORS 12#13GREENLANE GROOVE BOLT GROOVE GLASS LINE GROOVE GROOVE CARA GROOVE GROOVE RIPSTER GROOVE GROOVE GROOVE GROOVE GROOVE HI-POP GROOVE SPARK PIVOT GROOVE NASDAQ: GNLN GROOVE. GROOVE ACRYLIC GRINDER#14GREENLANE MARLEY NATURAL ● TM Dedicated to creating unique, quality products, Marley Natural offers an elevated line of products made from sustainably grown black walnut and hand blown glass, ensuring durability, premium design, and timeless style. Balancing intuitive form with subtle accents, each piece is designed to evoke the Jamaican spirit. Launched in 2016 with the Black Walnut Collection 2017 launched the Smoked Glass Collection 2018 launched the Rise Up Collection which aligned with causes that reflect Bob Marley's vision of positive social change, environmental sustainability, and social justice 2022, Add the Riggler to the Black Walnut Collection Greenlane is the exclusive licensed partner for Cannabis accessories CONSUMERS RETAILERS SPECIALITY RETAILERS NASDAQ: GNLN C-STORES 0.0.0. 500 DISTRIBUTORS 14#15GREENLANE SPOON WATERPIPE GRINDER MARLEY NATURAL STEAMROLLER TRAY TM BUBBLER TASTER NASDAQ: GNLN LOCK BOX#16GREENLANE K.Haring GLASS COLLECTION The K.Haring Glass Collection is functional art and lifestyle products emboldened with the powerful, iconic imagery of legendary artist Keith Haring. A social activist and creative visionary, Haring used his artwork to spread messages of peace, love, equality, and compassion. The K.Haring Glass Collection carries on his legacy, breaking boundaries and bringing colorful works of art into the everyday cannabis lifestyle. Launched in 2019 with 4 designs Greenlane is the exclusive licensed partner for Cannabis accessories New designs expected to launch in 2024 CONSUMERS RETAILERS SPECIALITY RETAILERS NASDAQ: GNLN C-STORES 0.0.0. 500 DISTRIBUTORS 16#17GREENLANE D CATCHALL SLOW BUBBLER K Haring K Haning Wan SPOON K.Haring RIG K.Haring GLASS COLLECTION TRAY TASTER SA PA K.Haring CRACK ISWACK! DC Sumb NASDAQ: GNLN PARIK WATER PIPE ACRYLIC GRINDER#18GREENLANE SQUEEZE JEEZE C pollen gear™ Pollen Gear™, a leading producer of premium, patented, customizable child-resistant packaging solutions, creates innovative products that promote product safety and responsible consumption in legal cannabis markets. The original patented creator of the LoPro and HiLine glass jar collections, Pollen Gear is credited with creating the child-resistant packaging category, designing unique solutions with a focus on recyclable and sustainable materials. Founded in 2015 In 2018, recognized as a Top 100 Cannabis Company by Entrepreneur Magazine Acquired by Greenlane in 2019 In 2020, Customization Tool launches on PollenGear.com S PRODUCERS NASDAQ: GNLN PROCESSORS 18#19GREENLANE KUSH POWERED BY QUALITY SOLVEN O QUALITY POWERED BY KUSH V ENERGY O ● SAFETY A GREENLANE COMPANY SOLVENTS Safety and purity are top priorities at Kush Energy, which is why we are your premier source for hydrocarbon, dry ice and other solvents for safer processing, harvesting, extraction and more. Energy utilizes stainless steel tanks to virtually eliminate the potential of contaminants and impurities ending up in your final product, a stark difference from the often-used high carbon steel tanks that are vulnerable to wear and rust. NASDAQ: GNLN Energy was founded in 2018 with Kush Supply Co's acquisition of Summit Innovations In 2019, launched premium stainless-steel cylinder product line PROCESSORS 19#20GREENLANE AUXO Vaporization technology at its finest, AUXO develops thoughtfully innovated vaping devices backed by world-class research, high-standard manufacturing, and patented technology. AUXO offers consumers easy to use, sleek designed vapes for both flower and concentrates. CONSUMERS RETAILERS SPECIALITY RETAILERS DOD Hoold SMOORE DISTRIBUTORS CCELL CCELL has become one of the world's largest vaporizer suppliers in just five years since its establishment in 2016. CCELL's parent company SMOORE is one of the most renowned world-class vaping device providers who revolutionized the industry by introducing the world's first ceramic heating component. With this strong backbone, CCELL leads the industry with advanced R&D resources, strong production capability, and reliable quality control systems. A NASDAQ: GNLN RETAILERS PROCESSORS 20#21GREENLANE G GRENCO SCIENCE VIBES Rice VIBES Ultra Thin 3 FINE RICE COF SULTE FINE กล VIBES CONSUMERS HEINE VIBES PARTNER BRANDS *VIBES Hemp RETAILERS SPECIALITY RETAILERS www.storz-bickel.com 圖 3 www C-STORES 000 CCC DISTRIBUTORS NASDAQ: GNLN PAX 21#22GREENLANE ELF CIALLY LICENSED M ELF A ELF PRODUCT VPR B E DE CETTE NOSAL TYSON Horze CONSUMERS NICOTINE PARTNERS PACKSPOD PACKWOODS LOS RETAILERS SPECIALITY RETAILERS fume BY ORJOY www @0 C-STORES 000 ODD ORIGINAL m ELFBAR DISTRIBUTORS ELFBAR TROPICAL RAINBOW B ORIGINAL ELFBAR WATERMELON NANA ICE BP 5000 BP 5000 DA BLACK ICE ELFBAR NASDAQ: GNLN Ses qu ML SHA DEATHROW VAPES 22#23GREENLANE BRAND FOCUSED STORES eace HS M OUR ECOMMERCE PRESENCE HIGHER STANDARDS DAVINCI K.Haring. GLASS COLLECTION MARLEY NATURAL F TM MARKETPLACE STORES PUFFITUP vapor.com VAPOSHOP WHOLESALE STORES greenlane REVIEW SITE greenlane NASDAQ: GNLN VAPECRITIC KUSHCO A GREENLANE COMPANY CORPORATE SITE greenlane 23#24GREENLANE amazon AMAZON GLOBAL EXPANSION OUR BRANDS HS HIGHER STANDARD S AEROSPACED K.Haring. GLASS COLLECTION MARLEY (M) NATURAL ence DAVINCI GROOVE D BRAND REGISTRY & PROTECTION ADVERTISING NASDAQ: GNLN GLOBAL TRANSPARENCY FOR 4 BRANDS K 24#25GREENLANE VIBES *CALI** 3 MEIERLEID H mpiezz UVER Organic Hemp 1¼ SIZE ORGANIC AMAZON PRODUCT ASSORTMENT (m) GROOV NASDAQ: GNLN 25#26GREENLANE greenione GREENLANE LOCATIONS Greenlane Headquarters | Boca Raton, FL With over 40 employees, Greenlane HQ serves as the homebase for a variety of departments including Sales, Ops, IT, Marketing, E-Comm, Customer Service, HR, and more. greenlane Greenlane Warehouse | Moreno Valley, CA Servicing thousands of customers, the Moreno Valley Warehouse ships out 250,000 packages annually while having the industry's most sophisticated PACT Act capabilities. NASDAQ: GNLN Greenlane Europe Headquarters | Amsterdam, NL Greenlane began European operations in 2019 with the acquisition of Conscious Wholesale. Greenlane Europe now operates with wholesale, e-commerce, and direct-to-consumer channels. HIGHER STANDARDS Higher Standards Chelsea Market | Manhattan, NY The Higher Standards flagship store is a first-of-its-kind concept shop with a contemporary take on a luxury smoke shop, offering a carefully curated product selection including its own branded line. Private & Confidential | 26#27GREENLANE 1. Q3 2023 HIGHLIGHTS $11.8M NET SALES $2.9M GNLN BRAND SALES As of September 30,2023 26.5% GROSS MARGIN $5.9M CASH BALANCE¹ NASDAQ: GNLN#28GREENLANE $ in millions, unless otherwise noted NET SALES SALES OF GREENLANE BRANDS CONSUMER GOODS SALES CONSUMER GOODS GM % INDUSTRIAL GOODS SALES INDUSTRIAL GOODS GM% GROSS PROFIT GROSS MARGIN SG&A Q3 2023 FINANCIAL SNAPSHOT ADJUSTED SG&A¹ NET LOSS ADJUSTED EBITDA CASH 1. Q3 2023 11.8 2.9 6.0 29.9% 5.8 23.0% 3.1 26.5% 4.1 9.5 (10.1) (6.7) 5.9 Calculated as SG&A less depreciation and amortization and goodwill and intangible asset impairment charge Q2 2023 19.6 2.5 6.0 29.3% 13.6 20.0% 4.6 23.3% 14.1 12.1 (10.5) (5.9) 4.7 NASDAQ: GNLN 28#29GREENLANE LEADERSHIP TEAM CRAIG SNYDER CHIEF EXECUTIVE OFFICER Craig is a senior leader with over 25 years of success in driving growth and development of high tech and emerging technology organizations. He has significant experience leading disruptive strategies in new markets and building corporate reputation on a national scale. He has held senior leadership positions at 2 Fortune 100 companies (Pepsi Cola & Citibank) combined with executive leadership experience in 2 successful Nasdaq startup to IPO success stories (Go2Net & Marchex). He has deep experience in M&A and P&L Management with experience in over 30+ acquisitions and most recently had direct responsibility for 2 successful company sales as CEO (SnapNames & Moniker). He is a graduate of the United States Naval Academy and a former Naval Officer. BARB SHER CHIEF OPERATING OFFICER 20+ years of experience driving profitability through operational excellence and revenue growth in the BI and tech industry. Development of international and emerging markets through strategic partnerships, and leadership of 250+ global sales and support teams through M&A and restructuring. LANA REEVE CHIEF FINANCIAL AND LEGAL OFFICER Bringing over 25 years of experience in senior legal and finance roles. Extensive experience includes, leading the successful charge on multiple industry changing pieces of legislation; successfully and consequently refinancing debt obligations; restructuring financial strategy and budgeting processes; and leading and managing multiple successful mergers and acquisitions. NASDAQ: GNLN MICHAEL OUWENDIJK GENERAL MANAGER, EU Over 20 years of strategic Corporate, and Commercial (Sales & Marketing) leadership experience focused on EU markets for global operations such as Mattel, Imperial Tobacco, and S.T. Dupont. Experienced with restructurings, 3PL & driver of sustainable profitability and growth. ALEXIS BUSSIERE VP, OPERATIONS Dynamic senior manager with 20+ years of leadership in multicultural environments. Experienced in engineering, manufacturing and supply chain processes and practices - operations, materials management, inventory management, change management, logistics, applied business systems. DANNY RAMIREZ SVP, SALES Result oriented, high-energy executive with 25+ years of global consumer & industrial experience leading high performance cross functional teams developing GTM strategies in disruptive technologies. Proven track record with a customer first focus, leveraging technology and ESG in driving shareholder value. 29#30GREENLANE INVESTMENT HIGHLIGHTS NASDAQ: GNLN HISTORY, TRACK RECORD, & BRAND • 17-year operating history and strong customer relationships with many major U.S. & Canadian cannabis operators • Greenlane brand is widely recognized as a trusted provider of ancillary products & services to industry leaders & consolidators available in thousands of global locations LONG TERM RELATIONSHIPS WITH INDUSTRY LEADERS • Deep U.S. MSO and Canadian LP customer relationships combined with Greenlane owned brands drive significant value for customers Customer concentration focused on engaging top operators as measured by track record, scale, and vertically integrated operations, and continued emphasis on deepening existing customer relationships to unlock additional opportunities across the supply chain LEADING POSITION IN HIGH GROWTH CATEGORIES • Global house of brands and an industry leader in premium cannabis accessories, child-resistant and fully customizable packaging, and specialty vaporization products • Strong innovation pipeline, including 200+ articles of IP issued or pending, and competitive niche in solvents and natural products essential to production of concentrates Global ecommerce presence with 7 transactional websites 30#31APPENDIX GY#32GREENLANE $ in millions, unless otherwise noted Net income (loss) Other (expense) income, net Provision for (benefit from) income taxes Interest expense Restructuring expenses Equity-based compensation expense Depreciation and amortization Legal, professional fees and insurance expenses related to M&A transactions Patent settlement related to E-bottles Adjustment related to sublease ADJUSTED EBITDA RECONCILIATION Adjusted EBITDA Q3 2023 (10.1) 0.2 3.4 0.5 (6.7) NASDAQ: GNLN Q2 2023 (10.5) (0.1) (0.0) 0.9 0.8 0.1 2.0 0.2 0.6 0.1 (5.9)#33GREENLANE ADJUSTED SG&A RECONCILIATION $ in millions, unless otherwise noted Salaries, benefits and payroll taxes General and administrative Adjusted SG&A Goodwill impairment charge Depreciation and amortization Total operating expenses Q3 2023 4.1 5.4 9.5 0.0 0.5 10.0 Q2 2023 5.2 7.0 12.1 0.0 2.0 14.1 NASDAQ: GNLN 33