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Greenlane Holdings, Inc. (GNLN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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5.48-0.27 (-4.70%)
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Neutralpattern detected
Previous Close5.75
Open5.83
Bid5.41 x 800
Ask5.88 x 1100
Day's Range5.16 - 6.00
52 Week Range1.02 - 6.65
Volume675,102
Avg. Volume461,884
Market Cap236.227M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-1.24
Earnings DateNov 17, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Greenlane Announces Dismissal of Class Action Suit with Prejudice
    GlobeNewswire

    Greenlane Announces Dismissal of Class Action Suit with Prejudice

    Judge Deems Claims Against Greenlane “Meritless” and Dismissed the Case with PrejudiceBOCA RATON, Fla., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane” or "the Company”) (Nasdaq: GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that a complaint filed on March 6, 2020, with the United States District Court, Southern District of Florida (“the Court”), Case No. 9:19-cv-81259-RKA, has been dismissed in its entirety with prejudice and the case closed. The plaintiffs in this action had alleged that the Company’s registration statement related for its initial public offering contained material omissions and false or misleading statements. The Court’s opinion held that Greenlane had “candidly” outlined in clear terms the relevant risks and that the registration statement did not contain false or misleading statements or material omissions. In doing so, the Court deemed the Plaintiffs claims “meritless.”Greenlane is a defendant in a related case in Florida state court and has moved to dismiss that litigation on the same grounds.About Greenlane Holdings, Inc.Greenlane (NASDAQ: GNLN) is the leading global platform for the development and distribution of premium cannabis accessories and lifestyle products. The company operates as a powerful house of brands, third-party brand accelerator, and omni-channel distribution platform. Greenlane serves the global markets with an expansive customer base of more than 7,000 retail locations, including licensed cannabis businesses, smoke shops, and specialty retailers. As a pioneer in the cannabis space, Greenlane is the partner of choice for many of the industry’s leading brands, including PAX Labs, Storz & Bickel (Canopy-owned), Cookies, Grenco Science, and DaVinci. Greenlane also proudly owns and operates a diverse brand portfolio including packaging innovator Pollen Gear™, the K.Haring Glass Collection by Higher Standards, Marley Natural™, and VIBES™ rolling papers. Higher Standards, Greenlane’s flagship brand, offers both a high-end product line and immersive retail experience with groundbreaking stores in both New York City’s Chelsea Market and Malibu, California. Greenlane also owns and operates both Vapor.com and VapoShop.com, two industry-leading, direct-to-consumer e-commerce platforms in North America and Europe respectively. For additional information, please visit: https://gnln.com/.Forward Looking StatementsCertain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements. These forward-looking statements include, among others: comments relating to the current and future performance of the Company’s business; the impact of the ongoing COVID-19 pandemic on the Company's business; growth in demand for the Company’s products; growth in the market for cannabis and nicotine; the Company’s marketing and commercialization efforts; and the Company’s financial outlook and expectations. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2019 and the Company's other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Additional information is also set forth in Greenlane's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to Greenlane on the date hereof. Greenlane undertakes no duty to update this information unless required by law.Media Contact MATTIO Communications Greenlane@mattio.comInvestor Contact: Rob Kelly Investor Relations, MATTIO Communications Greenlane@mattio.com 1-416-992-4539

  • Greenlane Partners with Last Prisoner Project to Aid in Cannabis Criminal Justice Reform
    GlobeNewswire

    Greenlane Partners with Last Prisoner Project to Aid in Cannabis Criminal Justice Reform

    Greenlane will support the non-profit by participating in their ‘Roll It Up For Justice’ program and donating a portion of sales from future product collaborationsBOCA RATON, Fla., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane” or “the Company”) (Nasdaq: GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced its partnership with Last Prisoner Project (“LPP”), a nonprofit organization committed to clemency and expungement, re-entry programs and advocacy for individuals with cannabis convictions. Last Prisoner Project is a network of cannabis industry leaders, policy and education experts, executives, and artists dedicated to bringing restorative justice to the cannabis industry. Their program is dedicated to releasing the more than 40,000 people currently incarcerated for cannabis offenses that are now legal in most states, raising public awareness of social injustice in the cannabis space and removing barriers to employment within the legal cannabis industry for those negatively impacted by the War on Drugs.“Greenlane recognizes its responsibility to assist in rectifying the inequality and injustice that persists in the cannabis space,” said Aaron LoCascio, Co-Founder and CEO of Greenlane. “Last Prisoner Project has made incredible progress towards its mission and Greenlane is proud to contribute to such a committed and influential advocacy group that is generating meaningful change.”Per the partnership, Greenlane will make a direct monetary contribution to LPP and participate in the non-profit’s ‘Roll It Up For Justice’ program which encourages customers to donate to LPP at checkout on Greenlane’s consumer facing e-commerce websites and in Higher Standards retail stores. Greenlane also has plans to launch product collaborations with LPP to direct a portion of its profits in support of re-entry programs, criminal record expungement, and release.“Last Prisoner Project is extremely thankful for Greenlane’s generosity and support,” said Mary Bailey, Managing Director of Last Prisoner Project. “We have already established direct services in three states within our first year of operations, and plan to scale initiatives to at least six additional states in 2021 using capital from fundraising efforts. Greenlane’s partnership brings us one step closer to reaching our fundraising goal and furthering our mission to bring social justice to the cannabis industry.”About Greenlane Holdings, Inc. Greenlane (NASDAQ: GNLN) is the leading global platform for the development and distribution of premium cannabis accessories and lifestyle products. The company operates as a powerful house of brands, a third-party brand accelerator, and omni-channel distribution platform. Greenlane serves the global markets with an expansive customer base of more than 11,000 retail locations, including licensed cannabis businesses, smoke shops, and specialty retailers. Greenlane’s world-class team provides services including product development, go-to-market strategy, sales and marketing support, customer service, direct-to-consumer fulfillment, supply chain management, and distribution. As a pioneer in the cannabis space, Greenlane is the partner of choice for many of the industry’s leading brands, including PAX Labs, Storz & Bickel (Canopy-owned), Cookies, Grenco Science, and DaVinci. Greenlane also proudly owns and operates a diverse brand portfolio including packaging innovator Pollen Gear™, the K.Haring Glass Collection by Higher Standards, Marley Natural™, and VIBES™ rolling papers. Higher Standards, Greenlane’s flagship brand, offers both a high-end product line and immersive retail experience with groundbreaking stores in both New York City’s Chelsea Market and Malibu, California. Greenlane also owns and operates both Vapor.com and VapoShop.com, two industry-leading, direct-to-consumer e-commerce platforms in North America and Europe respectively. For additional information, please visit: https://gnln.com/.Media Contact MATTIO Communications Greenlane@mattio.comInvestor Contact Rob Kelly Investor Relations, MATTIO Communications Greenlane@mattio.com 1-416-992-4539About Last Prisoner Project The Last Prisoner Project (LPP) is a nonprofit organization dedicated to cannabis-related criminal justice reform. As the United States moves away from the criminalization of cannabis, giving rise to a major new industry, there remains the fundamental injustice inflicted upon those who have suffered under America’s unjust policy of cannabis prohibition. Through intervention, advocacy, and awareness campaigns, the Last Prisoner Project works to redress the past and continuing harms of these inhumane and ineffective laws and policies. Visit www.lastprisonerproject.org or text FREEDOM to 24365 to donate and learn more.LPP MEDIA CONTACTS Linda Carbone and Katie Leggett PRESS HERE linda@presshereproductions.com / katie@pressherepublicity.com

  • Benzinga

    5 Value Stocks In The Healthcare Sector

    What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.Benzinga Insights has compiled a list of value stocks in the healthcare sector that may be worth watching: 1. RAPT Therapeutics (NASDAQ:RAPT) - P/E: 0.75 2. Satsuma Pharmaceuticals (NASDAQ:STSA) - P/E: 2.65 3. Triple-S Management (NYSE:GTS) - P/E: 9.26 4. Greenlane Holdings (NASDAQ:GNLN) - P/E: 6.15 5. Jaguar Health (NASDAQ:JAGX) - P/E: 0.21Most recently, RAPT Therapeutics reported earnings per share at -0.6, whereas in Q2 earnings per share sat at -0.51. RAPT Therapeutics does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Most recently, Satsuma Pharmaceuticals reported earnings per share at -0.69, whereas in Q2 earnings per share sat at -0.65. Satsuma Pharmaceuticals does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Most recently, Triple-S Management reported earnings per share at 0.61, whereas in Q2 earnings per share sat at 1.76. Triple-S Management does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Greenlane Holdings's earnings per share for Q3 sits at -0.35, whereas in Q2, they were at -0.46. Greenlane Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Jaguar Health has reported Q3 earnings per share at -0.21, which has increased by 52.27% compared to Q2, which was -0.44. Jaguar Health does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.See more from Benzinga * Click here for options trades from Benzinga * Overview Of Value Stocks In The Real Estate Sector * Stocks That Hit 52-Week Lows On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.