Greenlane Announces Second Quarter 2020 Financial Results

The reconciliation of our Net Loss to Adjusted Net Loss for each of the periods indicated is as follows:

(1) Debt placement costs related to the issuance of convertible notes in January 2019.(2) Includes certain non-recurring fees and expenses primarily attributable to consulting fees and incremental audit and legal fees incurred in connection with our IPO.(3) Includes non-recurring expenses related to the initial project design for our planned ERP system implementation.(4) Includes primarily severance payments for employees terminated as part of our transformation plan.

The reconciliation of our Net Loss to Adjusted EBITDA for each of the periods indicated is as follows:

(1) Includes rental and interest income, changes in the fair value of contingent consideration, and other miscellaneous income.(2) Includes certain non-recurring fees and expenses primarily attributable to consulting fees and incremental audit and legal fees incurred in connection with our IPO.(3) Includes non-recurring expenses related to the initial project design for our planned ERP system implementation.(4) Includes primarily severance payments for employees terminated as part of our transformation plan.

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