Hudson Bay Slashes Greenlane Holdings Stake to 294,800 Shares

TL;DR

**Hudson Bay dumped most of its Greenlane shares, watch out for a dip!**

AI Summary

Hudson Bay Capital Management LP, a Delaware-based investment firm, filed an amended SC 13G/A on February 5, 2024, disclosing its ownership of 294,800 shares of Greenlane Holdings, Inc.'s Class A Common Stock as of December 31, 2023. This represents a significant decrease from their previous holdings, as their sole voting power is now 0 shares, and shared voting power is 294,800 shares. This matters to investors because it indicates a substantial reduction in Hudson Bay's stake, potentially signaling a loss of confidence or a strategic portfolio adjustment by a major institutional investor.

Why It Matters

A major institutional investor significantly reducing its stake can signal a lack of confidence in the company's future prospects, potentially leading to downward pressure on the stock price.

Risk Assessment

Risk Level: medium — The substantial reduction in a major institutional investor's holdings could indicate underlying issues or a negative outlook for Greenlane Holdings, Inc.

Analyst Insight

Investors should investigate the reasons behind Hudson Bay Capital Management LP's significant reduction in their Greenlane Holdings stake and consider if this signals a broader negative sentiment or fundamental issues before making investment decisions.

Key Numbers

• 294,800 — Shares Beneficially Owned (Represents the total number of Greenlane Holdings Class A Common Stock shares Hudson Bay Capital Management LP has shared voting power over as of December 31, 2023.)
• 0 — Sole Voting Power (Indicates Hudson Bay Capital Management LP no longer holds sole voting power over any shares of Greenlane Holdings Class A Common Stock.)

Key Players & Entities

• Hudson Bay Capital Management LP (company) — the reporting person who filed the SC 13G/A
• Greenlane Holdings, Inc. (company) — the issuer of the Class A Common Stock
• 294,800 (dollar_amount) — the number of shares of Class A Common Stock beneficially owned with shared voting power
• December 31, 2023 (date) — the date of the event requiring the filing
• February 5, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Greenlane Holdings, Inc. stock price may experience downward pressure due to the reduced institutional ownership. (Greenlane Holdings, Inc.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — suer) Class A Common Stock, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• gnln_13ga.htm (SC 13G/A) — 55KB
• image_017.gif (GRAPHIC) — 0KB
• 0001393825-24-000059.txt ( ) — 57KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Greenlane Holdings, Inc., a Delaware corporation (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 1095 Broken Sound Parkway, Suite 100, Boca Raton 33487.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Hudson Bay Capital Management LP (the " Investment Manager ") and Mr. Sander Gerber (" Mr. Gerber "), who are collectively referred to herein as " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is 28 Havemeyer Place, 2nd Floor, Greenwich, CT 06830.

(c)

Item 2(c). CITIZENSHIP: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Class A common stock, par value $0.01 per share (the " Class A Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 395330202 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ý Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ý Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. Amendment No. 1 to the Company's Quarterly Report on Form 10-Q/A for the quarterly period ended June 30, 2023 filed with the Securities and Exchange Commission on January 8, 2024, discloses that the total number of outstanding shares of Class A Common Stock as of August 14, 2023 was 2,656,211. The percentage set forth on row (11) and the number of shares of Class A Common Stock set forth on rows (6), (8) and (9) of

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 5, 2024 HUDSON BAY CAPITAL MANAGEMENT LP By: /s/ Sander Gerber Name:Sander Gerber Title:Authorized Signatory /s/ Sander Gerber SANDER GERBER

View Full Filing

View this SC 13G/A filing on SEC EDGAR