Greenlane Holdings units assign assets for creditors under Florida law, deconsolidate
On September 30, 2026, four Greenlane subsidiaries assigned substantially all their assets to Philip J. von Kahle, who will liquidate them and distribute proceeds to creditors under Florida law. The company will deconsolidate these entities as of September 30, 2026, and says it received no consideration, while the assignments do not release the subsidiaries from their liabilities and claims may be asserted against the company. The entities conducted the company's legacy wholesale distribution business, which had been substantially wound down before the assignments.
Key points
- Four subsidiaries, including Greenlane Holdings, LLC, executed assignments for the benefit of creditors on September 30, 2026, to assignee Philip J. von Kahle.
- Preliminary gain on deconsolidation of approximately $3.2 million, based on June 30, 2026 balances; the final figure will appear in the 10-Q for the quarter ended September 30, 2026.
- The company received no consideration; a $60,000 retainer was paid from Warehouse Goods LLC, and the company agreed in principle to lend the assignee $100,000, though no loan agreement has been signed.
- Unaudited pro forma 2025 net loss of $48.1 million, compared with a historical net loss of $85.6 million, excluding the deconsolidated entities.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2026.
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