Greenlane Holdings Granted Nasdaq Compliance Extension

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

On June 2, 2025, Greenlane Holdings announced that it received an extension from the Nasdaq Hearings Panel to comply with listing rules after failing to meet the minimum bid price requirement. The company must achieve a minimum closing bid price of $1.00 per share for ten consecutive business days by July 11, 2025, following a reverse stock split, to maintain its Nasdaq listing. The extension allows Greenlane to continue its strategic initiatives aimed at enhancing shareholder value and regaining compliance, which is crucial for its market positioning and investor confidence.

Spark’s Take on GNLN Stock

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

Greenlane Holdings is struggling with significant financial and operational challenges, including declining revenue and persistent losses. The technical analysis indicates strong downward momentum, and valuation metrics are unfavorable due to the lack of profitability and dividend yield. Additionally, the potential Nasdaq delisting adds further uncertainty. These factors result in a low overall stock score.

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

More about Greenlane Holdings

Greenlane Holdings, Inc., founded in 2005, is a global leader in the development and distribution of premium smoking accessories, vape devices, and lifestyle products. The company operates as a family of brands and an omnichannel distribution platform, offering a diverse portfolio of its own brands and exclusively licensed products, as well as third-party products through various sales channels and e-commerce platforms.

Average Trading Volume: 54,289,678

Technical Sentiment Signal: Sell

Current Market Cap: $6.33M

For a thorough assessment of GNLN stock, go to TipRanks’ Stock Analysis page.