Greenlane Announces Board's Approval of Reverse Stock Split Ratio

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Jun 03, 2023

BOCA RATON, FL / ACCESSWIRE / June 2, 2023 / Greenlane Holdings, Inc. (NASDAQ:GNLN) ("Greenlane"), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that it will effect a one-for-10 reverse stock split ("reverse split") of its Class A common stock, par value $0.01 per share ("Class A common stock"), that will become effective on June 5, 2023 at 5:01 PM Eastern Time, after the close of trading on The Nasdaq Global Market ("Nasdaq"). Greenlane has requested that Greenlane's Class A common stock begin trading on June 6, 2023, on a post-reverse split basis on the Nasdaq under the existing symbol "GNLN."