Greenlane Holdings Enacts Reverse Stock Split to Meet Nasdaq

Greenlane Holdings ( (GNLN) ) has issued an update.

On April 2, 2026, Greenlane Holdings filed a Certificate of Amendment in Delaware to implement a 1‑for‑8 reverse stock split of its Class A common stock, which became effective at 12:01 a.m. Eastern Time on April 6, 2026. The action followed stockholder approval on March 25, 2026 of a reverse split within a broader ratio range, with the board ultimately setting the final ratio.

Under the reverse split, every eight pre‑split shares were combined into one post‑split share with no change in par value, and no fractional shares were issued, with stockholders instead receiving cash for any resulting fractions based on the April 2, 2026 closing price. The transaction was structured to affect all holders uniformly, preserve relative ownership stakes aside from de minimis changes, and is primarily aimed at regaining compliance with Nasdaq’s $1.00 minimum bid price requirement.

The company’s common stock began trading on a split‑adjusted basis on April 6, 2026, retaining the GNLN ticker but adopting a new CUSIP number, while shares held in street name were automatically adjusted in brokerage accounts. The reverse split also proportionately adjusted share counts and exercise prices for outstanding warrants, pre‑funded warrants, stock options, and shares available under equity incentive plans, impacting how future equity compensation and dilutive securities are reflected in the capital structure.

The most recent analyst rating on (GNLN) stock is a Hold with a $0.34 price target. To see the full list of analyst forecasts on Greenlane Holdings stock, see the GNLN Stock Forecast page.

Spark’s Take on GNLN Stock

According to Spark, TipRanks’ AI Analyst, GNLN is a Underperform.

The score is held down primarily by severe financial deterioration (collapsed revenue, deep losses, and ongoing cash burn) and a strongly bearish technical setup (price far below key moving averages with negative MACD). Corporate events add meaningful listing risk (Nasdaq delisting notice), only partially offset by deleveraging and the funded strategic pivot; valuation provides little support given the non-meaningful P/E and no dividend yield.

To see Spark’s full report on GNLN stock, click here.

More about Greenlane Holdings

Greenlane Holdings, Inc. is a publicly traded company listed on the Nasdaq Capital Market under the symbol GNLN. The company has a capital structure centered on its Class A common stock, which is governed by an Amended and Restated Certificate of Incorporation filed in Delaware and is subject to Nasdaq’s continued listing standards, including minimum bid price requirements.

Average Trading Volume: 662,384

Technical Sentiment Signal: Sell

Current Market Cap: $1.77M

Learn more about GNLN stock on TipRanks’ Stock Analysis page.