Greenlane Holdings Transitions to Nasdaq Capital Market

Greenlane Holdings Inc (GNLN) has released an update to notify the public and investors about listing compliance status.

Greenlane Holdings, Inc. has successfully transferred its Class A common stock from the Nasdaq Global Market to the Nasdaq Capital Market, effective February 9, 2024, under the ticker “GNLN.” This strategic move comes after the company was previously notified of non-compliance with certain Nasdaq financial requirements. The transfer not only resolves the company’s market value compliance issue but also provides an additional 180 days to meet the minimum bid price requirement to maintain its listing, thereby actively addressing its stock market challenges.

For further insights into GNLN stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.