Greenlane Holdings Board Resignation Triggers Nasdaq Non-Compliance

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

Gina Collins resigned from the Board of Directors and all Board committees of Greenlane Holdings, Inc., causing the company to fall out of compliance with Nasdaq’s majority independent board and audit committee requirements. The company has notified Nasdaq and received acknowledgment of non-compliance. It has until its next annual stockholders’ meeting or January 24, 2025, to regain compliance by appointing a new independent director, or by July 22, 2024, if the annual meeting occurs before that date. The Board is actively seeking a replacement to meet these requirements.

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