Greenlane Cuts Q1 Costs by 69% and Holds 81.6M BERA for PoL Next Upgrade
GNLN•Greenlane cut headcount by over 40%, driving cost of sales down from $748,000 to $231,000 and facility costs from $500,000 to $200,000 in Q1 2026, while first-quarter G&A included $2.3 million of non-recurring compliance and facility exit expenses. The Berachain Foundation activated PoL Next to consolidate protocol rewards into a single yield-bearing asset, sWBERA, and Greenlane, which holds 81.6 million BERA tokens, may benefit from increased staking yields if the upgrade performs as intended.
1. Cost-Reduction Initiatives
Greenlane has initiated a series of cost-saving measures including reducing headcount by over 40%, exiting legacy warehouse operations and transitioning to an asset-light drop-ship model to simplify its cost structure and support its digital asset treasury focus.
2. Operational Efficiency Metrics
In Q1 2026, cost of sales fell from approximately $748,000 to $231,000 and facility costs declined from around $500,000 to $200,000 year-over-year, while general and administrative expenses included a one-time $2.3 million charge related to Nasdaq compliance, reverse stock split and facility exits.
3. PoL Next Upgrade
The Berachain Foundation activated the PoL Next protocol upgrade, consolidating all protocol rewards into a single yield-bearing asset, sWBERA, designed to increase yield distributions to BERA holders over time if the upgrade functions as planned.
4. BERA Accumulation Strategy
As of July 7, 2026, Greenlane holds 81.6 million BERA tokens and continues to stake its holdings to earn rewards, recognizing staking revenues as part of its treasury strategy and planning further opportunistic purchases to grow its digital asset balance.
