Greenlane Announces Effectiveness of Previously Announced Reverse Stock Split
BOCA RATON, FL / ACCESSWIRE / June 5, 2023 / Greenlane Holdings, Inc. (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the effectiveness of the reverse stock split contemplated by the certificate of amendment (the “Amendment”) to its amended and restated certificate previously filed with the Secretary of State of the State of Delaware that will effect a one-for-10 reverse stock split of its Class A common stock, par value $0.01 per share (“Class A common stock”). The Amendment provides that the reverse stock split will become effective at 5:01 PM Eastern Time today, after the close of trading on The Nasdaq Global Market. On June 5, 2023, the Staff of the Nasdaq Stock Market LLC approved the Class A common stock to begin trading on a post-reverse stock split basis on The Nasdaq Global Market under the existing symbol “GNLN,” effective June 7, 2023.
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 including DaVinci Vaporizers, Higher Standards, Groove, and Eyce, and our exclusively licensed Marley Natural and K.Haring branded products. We also offer a carefully curated set of third-party products such as Storz & Bickel (Canopy-owned), Pax, VIBES, and CCELL through our direct sales channels and our proprietary, owned and operated e-commerce platforms which include Vapor.com, Vaposhop.com, DaVinciVaporizer.com, PuffItUp.com, EyceMolds.com, HigherStandards.com, and MarleyNaturalShop.com.
For additional information, please visit: https://investor.gnln.com. For additional information, please visit: https://gnln.com/.
