on Greenlane Holdings, Inc. (NASDAQ:GNLN)
Greenlane Holdings Granted Extension for Nasdaq Listing Compliance
Boca Raton-based Greenlane Holdings, Inc. has received an extension from the Nasdaq Hearings Panel to maintain its listing on the Nasdaq Capital Market. The extension requires the company to meet specific criteria, including a minimum bid price of $1.00 per share. Greenlane, known for its premium cannabis accessories and packaging, failed to meet this requirement by February 19, 2025, prompting a delisting notice.
To comply, Greenlane must secure shareholder approval for a reverse stock split by June 16, 2025. The company then has until June 27, 2025, to implement the split and achieve the required closing bid price for 10 consecutive days by July 11, 2025. This decision follows a hearing where Greenlane presented strategic initiatives to boost shareholder value and compliance.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Greenlane Holdings, Inc. news