Greenlane Holdings, Inc. 8-K

What Happened
Greenlane Holdings, Inc. (GNLN) announced that its Board unanimously appointed Jonathan Hue‑Fay Ip as a director effective January 21, 2026, to fill the vacancy created by the resignation of director Barbar Sher. The company previously entered into a Strategic Advisory/Board Service Agreement with Iterative Law (Mr. Ip’s firm) dated October 23, 2025, and issued Mr. Ip warrants in connection with those board services.

Key Details

• Appointment date: January 21, 2026; vacancy created by the immediate resignation of Barbar Sher.
• Compensation/award: warrants to purchase 260,416 shares of common stock at an exercise price of $0.01 per share issued in connection with the Board Service Agreement.
• Board Service Agreement date: October 23, 2025. No other related‑party transactions reported under Item 404(a) of Regulation S‑K.
• Other terms: Mr. Ip will receive standard non‑employee director compensation as determined by the Board and has an indemnification agreement with the company.

Why It Matters
This filing documents a change in Greenlane’s board composition and the company’s arrangement to secure Mr. Ip’s service, including a warrant grant that could result in issuance of common shares if exercised. Investors should note the background Mr. Ip brings (founder of Iterative Law; director at LS Retail (Canada) Inc.; General Counsel roles at Bluefin and Divergence Neuro) which may affect board expertise. The warrant grant is at a nominal $0.01 exercise price and represents a specific, quantifiable potential dilution (260,416 shares) if exercised; otherwise, the filing reports no other related‑party transactions.