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Greenlane Holdings ( (GNLN) ) has issued an update.
On June 16, 2025, Greenlane Holdings, Inc. held a Special Meeting of Stockholders where a proposal for a reverse stock split was approved. The proposal allows the board to amend the articles of incorporation to combine shares at a ratio between one-for-250 to one-for-750, with the exact ratio to be determined by the board within a year.
Spark’s Take on GNLN Stock
According to Spark, TipRanks’ AI Analyst, GNLN is a Underperform.
Greenlane Holdings is facing significant financial and operational challenges, with declining revenue, persistent losses, and negative cash flow generation. The technical analysis points to bearish momentum, further exacerbated by potential Nasdaq delisting risks. Overall, the stock’s outlook is negative, reflected in the low valuation score.
To see Spark’s full report on GNLN stock, click here.
More about Greenlane Holdings
Greenlane Holdings, Inc. operates in the consumer products industry, focusing on the distribution and sale of premium cannabis accessories and lifestyle products.
Average Trading Volume: 261,012,056
Technical Sentiment Signal: Sell
Current Market Cap: $12.66M
See more data about GNLN stock on TipRanks’ Stock Analysis page.