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Management Will Be Discussing Its Financial Results, Accomplishments and Plans for the Remainder of 2025, and Update on the Funding for the Seller Agreement and Debt Payoff

HOUSTON, TX / ACCESS Newswire / August 15, 2025 / EON Resources Inc. (NYSE American:EONR) (“EON” or the “Company”) is an independent upstream energy company with 20,000 leasehold acres comprised of two fields and 700 total producing and injection wells which it operates with 1,000 barrels a day of oil produced in the Permian Basin in southeast New Mexico. Today, the Company announced it will hold a conference call on Tuesday, August 19, 2025, at 2:30 pm EST to review EON’s financial results for the second quarter/six months ended June 30, 2025. Management will report on updated drilling, all oil operations, updates to the previously announced funding plan and conduct a Q&A session.

Dante Caravaggio, President and CEO of EON, will chair the call. Mitchell B. Trotter, CFO, and Jesse Allen, Vice President of Operations, will also speak with shareholders and answer questions.

To listen to a live broadcast: An audio Webcast of the conference call will be available within two hours of the call on August 19, 2025. To listen to a live broadcast, visit the website at least 15 minutes prior to the scheduled start to register, download and install any necessary software.

Earnings Call deck: The earnings call deck will be posted to the Company’s website prior to the earnings call.

Earnings Call Webpage (information, webcast, telephone access, and replay): EON Events

Webcast URL: https://www.webcaster4.com/Webcast/Page/2999/52885– (Replay expires August 19, 2026)

Telephone access:

Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 437628

Teleconference Replay Number (Expires September 2, 2025):

Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 52885

About EON Resources Inc.

EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON’s long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties.

EON’s Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American:EONR) and the Company’s public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company’s website: https://eon-r.com/

About the Grayburg-Jackson Oil Field Property

LH Operating, LLC (“LHO”), a wholly owned subsidiary of EON, operates its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico.

Leasehold rights of LHO include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC (“Haas & Cobb” or “Cobb”), reflects LHO to have proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas. The mapped original-oil-in-place (“OOIP”) in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956 million barrels of oil.

Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations, plus another 40 million barrels from the horizontal drilling program in the San Andres. With proven oil reserves of over 15 million barrels, combined with the potential 74 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate.

About the South Justis Field Property

The South Justis Field (“SJF”) is a carbonate reservoir, similar to the rest of the Permian. The SJF was first developed in the 1960’s and had an initial production in the 6,000 BOPD range. The waterflood implemented at a cost of $40 million dollars in the 1990’s by a major oil company had mediocre performance due to poor connectivity between wells, which indicates an opportunity for horizontal infill well drilling. The subsequent owners of the SJF had higher priorities, which led to an increase in idle wells with downhole failures, thus allowing the production to drop dramatically. The Seller acquired the field and has reactivated several wells with good results increasing the production of oil. This indicates that there are a significant number of wells that can be reactivated to increase production on existing wells.

The SJF comprises of 5,360 contiguous acres with 208 combined producing and injection wells with well spacing of 50 acres. The field is located in the Central Basin of the prolific Permian Basin in Lea County, New Mexico located approximately 100 miles from EON’s Grayburg-Jackson Oil Field property. The producing formations include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place (“OOIP”) is approximately 207 million barrels of oil.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects,” “believes,” “anticipates,” “intends,” “estimates,” “seeks,” “may,” “might,” “plan,” “possible,” “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company’s management’s current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors – including the availability of funds, the results of financing efforts and the risks relating to our business – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on EDGAR (see www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Investor Relations

Michael J. Porter, President
PORTER, LEVAY & ROSE, INC.
mike@plrinvest.com

SOURCE: EON Resources Inc.

View the original press release on ACCESS Newswire

MIAMI, FL / ACCESS Newswire / August 15, 2025 / (NASDAQ:SGBX) (“Safe & Green” or the “Company”), a leading developer of sustainable solutions and modular infrastructure, today announced it filed its Form 10-Q with the U.S. Securities and Exchange Commission for the second quarter of 2025 and provided the following letter to shareholders from CEO, Mike Mclaren.

Fellow Shareholders,

The second quarter of 2025 was a defining period for Safe & Green Holdings. We took decisive steps to broaden our operational base, strengthen our balance sheet, and lay the groundwork for future growth. These efforts are part of our disciplined approach to building a company that is both resilient in the present and well-positioned for the future.

We are navigating a period of transformation, and while challenges remain, especially as we work toward profitability, our team is committed to delivering on our mission: providing scalable, sustainable infrastructure solutions and integrated energy operations that meet today’s most pressing needs.

Company highlights for second quarter ended June 30, 2025

• Strategic Expansion: Strengthening oil and gas portfolio with the acquisition of Sherman Oil, adding 111 wells to Olenox assets (10% currently producing); will use Olenox technology to boost production to 75+ barrels/day within four months through well cleanouts and restimulations; a 51% asset purchase of Winchester Oil & Gas adding 500+ Texas wells to its portfolio and positioning to boost production rapidly using proprietary revitalization technologies.

• Modular Solutions Contract: Entered into an agreement with Three Pines Leasing of Ocilla, GA to supply multiple modular office and storage units for lease to a U.S. government agency. This multi-unit order is expected to be the first of several in 2025 and leverages our expertise in repurposing shipping containers into functional office and storage space.

• Diversified Operations: Continued to develop our four operating segments: construction, medical, environmental, and oil & gas, creating multiple revenue pathways.

• Balance Sheet Transformation: Increased total assets from $6.07 million at year-end 2024 to $53.74 million as of June 30, 2025, driven by acquisitions and capital raises.

• Liquidity Improvement: Secured approximately $7.9 million in financing during the quarter, ending with $2.77 million in cash.

• Project Backlog: Maintained a $1.21 million construction backlog, expected to convert to revenue within 12 months.

Financial results for the quarter ended June 30, 2025

• Revenue totaled approximately $721,351 for the three months ended June 30, 2025, compared to $1.21 million for three months ended June 30, 2024, the decrease was mainly driven by construction services due to less jobs in progress.

• Gross Profit/(Loss) was ($994,468) for the three months ended June 30, 2025, compared to ($117,005) for the same period ended June 30, 2024.

• Net Income/(loss) was ($4.57) million, or $(0.47) per share (vs. loss of $4.68 million, or $(3.31) per share, in Q2 2024).

• Operating expenses including SG&A for the three months ended June 30, 2025, were $1,956 million compared to $873,956 for the three months ended June 30, 2024. The increase was due to an overall increase in operating expenses spend.

Financial Results for the six-months ended June 30, 2025

• For the six months ended June 30, 2025, we derived revenue primarily from our construction segment. Total revenue for the six months ended June 30, 2025, was $1,287,705 compared to $2,179,369 for the six months ended June 30, 2024. This decrease of $891,664, or approximately 43%, was mainly driven by a decrease in construction services due to less jobs in progress.

• Gross profit (loss) was $(1,318,223) and $(440,137) for the six months ended June 30, 2025 and 2024, respectively.

• Net Income/(loss) was ($7,320,583) for the six months ended June 30, 2025 compared to a loss of ($9,113,03) for the six months ended June 30, 2024.

• Operating expenses including SG&A for the six months ended June 30, 2025, were $2,908,007 compared to $1,475,688 for the six months ended June 30, 2024.

• Cash and Cash Equivalents was $2.77 million as of June 30, 2025

• Shares outstanding as of June 30, 2025, was 30.9 million shares

Additional information can be found in the Company’s recently filed 10-Q which can be accesses on the Securities & Exchange Commission website at www.sec.gov.

Subsequent Highlights

• Restructuring of Private Placement announced on July 30^th. SGBX amended the April 2025 $8 million private placement with investment bank, eliminating Series A and Series B warrants. This reduced potential shareholder dilution by 70% and aligned with NASDAQ Hearings Panel requirements.

• LOI to Acquire Rock Springs Energy Group announced on August 5^th. SGBX signed a non-binding LOI to acquire a Wyoming-based refinery for $35 million, subject to due diligence and closing conditions. This step advances our plan to build a fully integrated oil & gas platform, complementing our sustainable infrastructure business.

Looking Ahead

We operate at the intersection of sustainability, infrastructure, and energy security. Three global imperatives reshaping industries. In the coming quarters, our priorities include:

• Strengthening our balance sheet while minimizing dilution.

• Advancing oil & gas operations while maintaining leadership in modular construction and environmental solutions.

• Pursuing acquisitions and partnerships that enhance our market position in both traditional and next-generation infrastructure.

• Executing with discipline to ensure each initiative supports long-term shareholder value.

The combination of our diversified platform, strategic acquisitions, and prudent capital management positions Safe & Green Holdings to navigate market cycles and capture emerging opportunities. We remain focused on building a stronger, more resilient company for the benefit of all shareholders.

Thank you for your continued trust and support. We look forward to keeping you updated on our progress.

Sincerely,
Mike Mclaren
Chairman & Chief Executive Officer
Safe & Green Holdings Corp. (NASDAQ:SGBX)

About Olenox

Olenox Corp. is an advanced energy company focused on oil and gas production, energy services, and energy technologies. Olenox specializes in acquiring and revitalizing distressed energy assets, leveraging proprietary technologies to enhance production while minimizing environmental impact.

About Safe and Green Holdings

Safe & Green Holdings Corp. (NASDAQ:SGBX) is a purpose-driven company focused on creating scalable infrastructure solutions across energy and construction sectors. The Company is actively building a fully integrated oil and gas platform encompassing exploration, production, refining, and related energy services, while continuing to expand its core business in sustainable building technologies and modular manufacturing. Safe & Green is committed to delivering flexible, fast-to-market solutions that support both traditional and next-generation infrastructure needs.

For more information, visit: www.safeandgreenholdings.com

Safe Harbor

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others regarding the Company’s ability to successfully strengthen its balance sheet with minimal dilution, the Company’s ability to advance its oil & gas operations while maintaining leadership in modular construction and environmental solutions, the Company’s ability to successfully pursue acquisitions and partnerships that enhance the Company’s market position in both traditional and next-generation infrastructure, the Company’s ability to successfully close the proposed transaction with Rocks Springs Energy Group, the effect of government regulation, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Contact:

investors@safeandgreenholdings.com

SOURCE: Safe & Green Holdings Corp

View the original press release on ACCESS Newswire

EDMONTON, AB / ACCESS Newswire / August 15, 2025 / GreenFox Windows & Doors, a trusted name in energy-efficient home upgrades, has won the 2025 Consumer Choice Award for top service in Northern Alberta’s window and door industry. This honour highlights GreenFox’s ongoing dedication to combining quality craftsmanship, energy efficiency, and exceptional customer care for homeowners in Edmonton, Calgary, and surrounding areas.

Known for their climate-resilient product line, GreenFox has built its reputation around understanding what Alberta homeowners truly need-windows and doors that can withstand extreme temperatures while reducing long-term energy costs. Their products are engineered specifically for Canadian weather, using high-performance materials and innovative insulation technology to keep homes comfortable year-round.

“Every window and door we install is selected for its energy performance and long-term reliability,” says Pavlo Bezko, owner of GreenFox Windows & Doors. “Our goal is to help homeowners reduce utility bills and improve comfort-backed by warranties that last lifetimes.”

Engineered for Alberta’s Climate

GreenFox’s windows are manufactured from 100% virgin uPVC and incorporate multi-chambered frames, triple glazing, and high-performance low-E coatings. These features help minimize heat loss in winter and reduce heat gain in summer-making a real difference in utility savings. Door options include fiberglass, steel, and patio doors designed to maintain performance over decades of wear and seasonal stress.

Every product installed by GreenFox is certified Energy Star® and CSA tested, offering homeowners measurable energy efficiency backed by national standards.

Certified Installation and Long-Term Protection

The quality of GreenFox products is matched by the skill and professionalism of its installation teams. All installations are completed by certified technicians who follow industry-leading protocols to ensure airtight fitting, waterproof sealing, and structural integrity. The company stands behind its work with a 25-year workmanship warranty and fully transferable lifetime product warranties – a level of protection few competitors can match.

“We never cut corners,” Bezko explains. “Proper installation is as important as the window itself. We treat every home like it’s our own.”

GreenFox also offers flexible financing, detailed consultations, and free in-home quotes, ensuring homeowners get clear and supportive guidance throughout the renovation process.

Customer Experience at the Core

From first contact to final inspection, GreenFox prioritizes clear communication, professionalism, and respect. Their team is trained not only in technical skills but also in customer service-ensuring that every interaction is courteous, informative, and helpful. This focus on care has helped the company earn thousands of five-star reviews, repeat business, and referral growth across Alberta.

“We believe that trust is built through consistency,” says Bezko. “We follow up, we show up, and we stand by everything we do.”

Serving Alberta Communities with Pride

Founded in Alberta in 2014, GreenFox has expanded steadily to serve not just Edmonton and Calgary, but also surrounding regions including Sherwood Park, Red Deer, and Lethbridge. With offices and service teams in both major cities, the company has deep local roots and a strong understanding of regional architecture, permitting, and design preferences.

Their showroom locations allow customers to explore samples and consult with design experts in person, while mobile teams offer onsite measurements and product guidance for projects large and small.

Giving Back Through Tree Canada and Heart 2 Heart

GreenFox’s commitment to community doesn’t stop at the job site. The company is an active partner of Tree Canada, supporting reforestation and environmental recovery projects, including tree planting near Fort McMurray. Through this partnership, GreenFox helps restore natural ecosystems and offset the environmental impact of construction.

In addition, their Heart 2 Heart program provides charitable support to local organizations focused on housing, family wellness, and sustainability. The program reflects GreenFox’s belief that success should be shared-and that building stronger homes also means building stronger communities.

“Giving back is part of who we are,” says Bezko. “We’re proud of the work we do, and we’re just as proud of the way we show up for Alberta communities.”

Leading the Way in Sustainable Home Solutions

As energy codes evolve and homeowners seek smarter, greener options, GreenFox continues to lead with purpose. The company’s ongoing investment in innovation, customer education, and sustainability ensures it remains at the forefront of the home improvement industry in Alberta.

With a growing team, a commitment to environmental responsibility, and an unwavering focus on quality and integrity, GreenFox is helping shape the future of energy-efficient living-one home at a time.

To learn more about GreenFox products, request a free estimate, or visit a showroom, go to greenfoxwindows.ca.

About Consumer Choice Award:
Consumer Choice Award has been recognizing and promoting business excellence in North America since 1987. Its rigorous selection process ensures that only the most outstanding service providers in each category earn this prestigious recognition. Visit www.ccaward.com to learn more.

Contact Information:
Sumi Saleh
Communications Manager
ssaleh@ccaward.com

SOURCE: Consumer Choice Award

View the original press release on ACCESS Newswire

BARRIE, ON / ACCESS Newswire / August 15, 2025 / Smart Barrie Movers, a trusted provider of local and long-distance moving services, has been awarded the 2025 Consumer Choice Award in the Moving Companies category for the Barrie region. Known for its customer-first approach, the company specializes in residential, commercial, and specialty moves, including pianos and pool tables, while ensuring each move is reliable, affordable, and stress-free.

“With our core focus on professionalism, care, and affordability, this recognition solidifies our belief in doing right by our customers,” says the Smart Barrie Movers team. “We’re honored and excited to keep raising the bar.”

Trusted Moving Services

Smart Barrie Movers provides a full range of moving solutions tailored to the needs of both individuals and businesses:

• Residential Moves – Homes, apartments, and condos.

• Commercial Relocations – Offices, retail spaces, and warehouses.

• Specialty Moves – Pianos, pool tables, antiques, and oversized items.

• Packing Services – Professional packing, unpacking, and disassembly/reassembly.

• Long-Distance Moves – Comprehensive relocation services across Ontario and beyond.

Every move is managed by a team of trained professionals who prioritize safety, efficiency, and attention to detail.

A Professional Team You Can Trust

The Smart Barrie Movers team is fully trained and licensed, with expertise in handling all types of relocations. They use modern trucks and high-quality packing materials to ensure safe transportation of belongings. From planning to final delivery, customers benefit from transparent pricing and clear communication throughout the process.

Recognized for Customer Satisfaction

Smart Barrie Movers has earned a strong reputation across Barrie for its reliability and professionalism. Clients often highlight the team’s efficiency, friendly demeanor, and careful handling of belongings.

“From start to finish, our movers aim to deliver a seamless, stress-free experience,” the team shares. “We want every customer to feel confident that their possessions are in good hands.”

Consumer Choice Award Recognition

The Consumer Choice Award is based on independent market research, including consumer surveys and local reputation analysis. Smart Barrie Movers’ win highlights their dedication to delivering outstanding moving services and creating positive customer experiences.

“We’re proud to be recognized by the Consumer Choice Award,” says the team. “It validates the effort we put into making every move smooth and stress-free.”

Plan Your Next Move

Whether it’s moving down the street or across the province, Smart Barrie Movers ensures a smooth and efficient process from start to finish.

To request a free quote or learn more about Smart Barrie Movers’ services, visit smartmoverscanada.com or CLICK HERE.

About Smart Barrie Movers
Smart Barrie Movers is a Barrie-based moving company offering comprehensive relocation services, including residential, commercial, and specialty moves. With a focus on customer satisfaction, they provide reliable, affordable, and stress-free moving experiences backed by modern equipment and expert staff.

About Consumer Choice Award
Consumer Choice Award has recognized business excellence in North America since 1987. With independent research involving customer surveys and local reputation analysis, the award highlights companies that deliver outstanding service. Visit www.ccaward.com to learn more.

Contact Information:
Sumi Saleh
Communications Manager
ssaleh@ccaward.com

SOURCE: Consumer Choice Award

View the original press release on ACCESS Newswire

TOLEDO, OH / ACCESS Newswire / August 15, 2025 / M & M Heating and Cooling LLC, a family-owned and operated HVAC company serving the Greater Toledo area since 1980, has been awarded the 2025 Consumer Choice Award in the Air Conditioning and Heating Contractor category. Known for their customer-first approach, skilled technicians, and commitment to delivering exceptional service at reasonable prices, M & M Heating and Cooling has become a trusted partner for residential, commercial, and new construction HVAC needs across Northwest Ohio.

For more than 40 years, the company has specialized in HVAC repair services, system replacements, and installations of high-efficiency heating and cooling units. By combining top-quality equipment with personalized service, M & M Heating and Cooling ensures that every client receives solutions tailored to their home or business.

A Legacy of Family-Owned Excellence

Founded in 1980, M & M Heating and Cooling started with a simple mission: to provide dependable heating and cooling services with a personal touch. Over the decades, the business has grown to become one of Toledo’s most trusted HVAC contractors, serving homeowners, commercial property owners, and builders with equal dedication.

“Our success is built on relationships and trust,” says the M & M Heating and Cooling team. “We treat every customer like family and always strive to exceed expectations, whether it’s a small repair or a major system installation.”

Comprehensive HVAC Solutions

M & M Heating and Cooling offers a full range of services, including:

• HVAC Repairs – Fast, reliable diagnostics and repairs for furnaces, air conditioners, and heat pumps.

• System Replacements – Energy-efficient system upgrades designed to improve comfort and reduce utility costs.

• New Home Construction – HVAC system design and installation tailored for modern building standards.

• Commercial Services – Custom heating and cooling solutions for office buildings, retail spaces, and multi-unit properties.

The company is an authorized dealer for leading HVAC brands, offering products that combine innovation, durability, and energy efficiency. Whether it’s installing a new furnace, optimizing indoor air quality, or performing seasonal maintenance, their team is committed to keeping customers comfortable year-round.

Customer-Centered Approach

M & M Heating and Cooling’s reputation for outstanding service is built on transparency and integrity. Customers can expect clear pricing, detailed estimates, and expert recommendations. The company’s technicians are fully certified and receive ongoing training to stay up-to-date with the latest HVAC technology and energy-saving solutions.

“We believe in educating our customers,” the team adds. “By helping them understand their options, we empower them to make the best decisions for their home or business.”

Trusted by Generations

Over the years, M & M Heating and Cooling has earned a loyal following throughout Toledo and surrounding areas. Many clients have relied on their services for decades, passing recommendations down to family and friends. Online reviews frequently highlight the team’s professionalism, punctuality, and willingness to go the extra mile.

One customer shares, “M & M Heating and Cooling has been our go-to for years. They’re fast, friendly, and always provide honest advice. We wouldn’t trust anyone else with our HVAC needs.”

Recognition Through the Consumer Choice Award

The Consumer Choice Award recognizes companies that consistently deliver exceptional service, based on independent market research and customer feedback. For M & M Heating and Cooling, this award affirms their decades-long commitment to quality, reliability, and community trust.

“We are honored to receive this recognition,” says the M & M Heating and Cooling team. “It validates the hard work we’ve put into building a company that people in Toledo can depend on.”

In addition to this honor, M & M Heating and Cooling has also been recognized as one of the top 10 Trane dealers in Ohio, earning the #1 spot in Northwest Ohio in both 2022 and 2023. This distinction underscores their commitment to offering top-quality products and service excellence.

Commitment to Energy Efficiency and Innovation

In addition to traditional HVAC services, M & M Heating and Cooling emphasizes energy-efficient solutions that help customers save on energy bills while reducing their carbon footprint. From high-efficiency furnaces and air conditioners to smart thermostat installations, their team ensures every system is optimized for maximum performance.

Your Comfort, Our Priority

Whether you’re dealing with a sudden furnace breakdown in winter or planning an air conditioning upgrade before summer, M & M Heating and Cooling offers 24/7 emergency services and flexible scheduling to meet customer needs.

“Comfort isn’t just about temperature,” the team explains. “It’s about peace of mind, knowing that your home or business is in good hands.”

To learn more about M & M Heating and Cooling’s services or to schedule a consultation, visit mandmheating.com or CLICK HERE.

About M & M Heating and Cooling LLC

Founded in 1980, M & M Heating and Cooling LLC is a family-owned and operated HVAC contractor based in Toledo, Ohio. The company specializes in HVAC repairs, replacements, new construction, and commercial heating and cooling solutions. With over four decades of experience, M & M Heating and Cooling is dedicated to providing exceptional service, high-quality equipment, and affordable solutions for every customer.

About Consumer Choice Award:

Consumer Choice Award has been recognizing and promoting business excellence in North America since 1987. Its rigorous selection process ensures that only the most outstanding service providers in each category earn this prestigious recognition. Visit www.ccaward.com to learn more.

Contact Information:

Sumi Saleh
Communications Manager
ssaleh@ccaward.com

SOURCE: Consumer Choice Award

View the original press release on ACCESS Newswire

BOCA RATON, FL / ACCESS Newswire / August 14, 2025 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today reported its financial results for the second quarter and six months ended June 30, 2025.

Revenue Reporting and Key Organizational Initiatives

Beginning with our second quarter 2023 financial report, we implemented a major restructuring of our industrial product lines, transitioning much of this business from gross sales to a commission structure. While this change affects how we report revenue, we believe it enables us to preserve working capital and improve gross margins.

During the second quarter, the Company initiated and has since completed a restructuring of its sales organization to better align people and responsibilities with the Company’s omnichannel sales strategy, including the addition of new and highly experienced leadership across the board to ensure a return to growth and increased customer success at Greenlane. While necessary, the recent reorganization of the sales team, including new leadership and the recruitment of a stronger sales team, negatively impacted sales and new customer acquisition in the second quarter. The new structure is designed to accelerate sales, improve customer experience, and increase efficiency throughout the sales process. Subsequent to the end of the second quarter, the new sales and marketing infrastructure has delivered new customer growth, reactivation of customer accounts, and the addition of new multi-state operator accounts.

Second Quarter 2025 Results Compared to Prior Year Period

• Total revenue was $0.8 million compared to $2.6 million in the prior year period.

• Total operating expenses were $3.3 million, a decrease of 27% compared to $4.5 million in the prior year period.

• Operating loss improved to $3.3 million compared to an operating loss of $3.5 million in the prior year period.

• Net loss was $3.2 million compared to a net loss of $0.6 million in the prior year period.

New Sales and Marketing Team Supported by Leading Cannabis Digital Marketing Agency Enhancing Revenue and Customer Opportunities

• Cannabis Creative Group (CCG) is leading the Company’s new marketing strategy to support future growth for its B2B-focused brands, including Greenlane Wholesale and KushCo. CCG began work in Q2 and has focused on driving campaigns towards new acquisitions and retargeting wholesale customers.

• An approximately 880% increase in revenue for new customers, month over month June to July; and an approximate 40% increase in revenue for new customers month over month July to August (MTD)

• 19 accounts reactivated.

• Added 12 new multi-state operator accounts.

“The restructuring of our sales leadership and sales team during the quarter significantly impacted our revenue. While disappointing for the near term, these actions were necessary to restore more sustainable growth over the long term. With new leadership in place, a growing portfolio of products, and a large market opportunity, I have increasing confidence that the Company is positioned to accelerate growth going forward,” said Barbara Sher, Chief Executive Officer for Greenlane

Sher added, “We made strides with footprint optimization, and we will continue to take costs out of the business and right-size operations, while we enhance our product offering and improve pricing architecture. We are seeing solid early indicators that our new sales leadership is setting the foundation for improved top-line performance, and we are thrilled to have added several new products in both the cannabis and wellness categories to drive new and existing customer opportunities.”

Sher concluded, “While we continue to navigate a dynamic market environment, we remain committed to the initiatives implemented in recent quarters that are fueling our transformation and driving our goal to improve profitability. As we focus on improving our business and accounts receivable strategy and efficiency efforts and given our early but encouraging new customer sales activity, we currently anticipate a stronger second half of 2025 for Greenlane.”

Strategic Growth and Operational Initiatives

• Entered into a distribution agreement with Greentank Technologies, a leading innovator in the aerosolization technology industry, to distribute Greentank’s full assortment of cartridges and vaporizers.

• Renewed distribution agreement with PAX, a pioneer in the design and development of premium cannabis vaporization technologies and devices.

• Announced the appointment of Mike Hinson as the Company’s Executive Vice President of Sales and upgraded sales and marketing organizations.

• Appointed exclusive fulfillment platform for Safety Strips direct-to-consumer e-commerce store featuring ToxiShield, Safety Strips trusted brand of harm reduction solutions designed to combat fentanyl overdoses and drink spiking.

• Successfully renegotiated many vendor and supplier partnership terms and continuing to improve working capital arrangements with vendors and suppliers.

• Continued progress consolidating and streamlining office, warehouse, and distribution operations footprint.

• Consolidated digital ecommerce presence to one platform resulting in improved efficiencies and reduced cost.

Balance Sheet

As of June 30, 2025, the Company had cash and cash equivalents of approximately $5.7 million.

GREENLANE HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)

GREENLANE HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Unaudited)
(in thousands, except share and per share amounts)

GREENLANE HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in thousands)

About Greenlane Holdings, Inc.

Founded in 2005, Greenlane is a premier global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. We operate as a powerful family of brands, third-party brand accelerator, and an omnichannel distribution platform.

We proudly offer our own diverse brand portfolio and our exclusively licensed Marley Natural and K.Haring branded products. We also offer a carefully curated set of third-party products through our direct sales channels and our proprietary, owned and operated e-commerce platforms which include Vapor.com, , PuffItUp.com, HigherStandards.com, Wholesale.Greenlane.com and MarleyNaturalShop.com.

For additional information, please visit: https://investor.gnln.com. For additional information, please visit: https://gnln.com/.

Investor Contact:

IR@greenlane.com

or

PCG Advisory
Kevin McGrath
+1-646-418-7002
kevin@pcgadvisory.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Greenlane and other matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. Greenlane has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in Greenlane’s Annual Report on Form 10-K filed for the year ended December 31, 2024 and the Company’s other filings with the SEC, which can be obtained on the SEC website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.

SOURCE: Greenlane Holdings, Inc.

View the original press release on ACCESS Newswire