Greenlane Holdings Inc. Class A Stock News

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BOCA RATON, FL / ACCESSWIRE / March 23, 2022 / Greenlane Holdings, Inc. ("Greenlane" or "the Company") (NASDAQ:GNLN), a global house of brands and one of the largest sellers of premium cannabis access

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GAINERS: Leviathan Natural Prods (OTC: LVCNF ) shares closed up 10.17% at $0.61 Marrone Bio Innovations (NASDAQ: MBII ) shares closed up 7.39% at $0.81 Corbus Pharmaceuticals (NASDAQ: CRBP ) shares closed up 7.17% at $0.43 Charlottes Web Holdings (OTC: CWBHF ) shares closed up 5.88% at $1.08 World Acceptance (NASDAQ: WRLD ) shares closed up 4.48% at $171.03 Urban-gro (NASDAQ: UGRO ) shares closed up 3.02% at $9.88 LOSERS: Origin Agritech (NASDAQ: SEED ) shares closed down 16.05% at $8.68 ReneSola (NYSE: SOL ) shares closed down 12.32% at $5.55 Greenlane Hldgs (NASDAQ: Full story available on Benzinga.com

Welcome back to our weekly series,  Schaeffer's Cannabis Stock News Update , where we recap what happened in the world of marijuana stocks, and look at how the cannabis industry is evolving as we mak

Greenlane Holdings, Inc. (NASDAQ:GNLN) with the stream of -0.30% also noticed, India Vislink Technologies, Inc. (NASDAQ:VISL) encountered a rapid change of -8.94% in the last hour of Friday’s trading session. … The post Bright Stock Buzz: Greenlane Holdings, Inc. (NASDAQ:GNLN), Vislink Technologies, Inc. (NASDAQ:VISL) appeared first on Stocks Equity .

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Greenlane Holdings Inc. (NASDAQ:GNLN) shares, rose in value on Friday, 03/11/22, with the stock price down by -0.30% to the previous day’s close as strong demand from buyers drove the stock to $0.50. Actively observing the price movement in the last trading, the stock closed the session at $0.50, falling within a range of $0.472 … Analysts Predict A Surge In Greenlane Holdings Inc. (NASDAQ: GNLN)? Read More »

Kaya Now Welcomes Stormy Simon As Director Of Board Kaya Now Inc., a media and technology holding company, focused on the cannabis industry, has appointed Stormy Simon to its board of directors. Simon, who previously served as president of Overstock.com and CEO of High Times , is an e-commerce pioneer. A long-time plant medicine supporter, she is passionate about the medicinal benefits and scientific value of cannabis and is an advocate for user rights. Simon has been recognized as a customer champion by Gartner 1 to1 Media and was named a Power Player by the National Retail Federation for 2016''s The List, People Shaping Retail''s Future. She was awarded top innovator by Utah Women in Tech awards 2015. "Kaya is building the combination of technical advertising solutions for a business community and trusted products and information for a passionate cannabis community, which I''m proud to be a part of High There and Canntinuum have done some heavy lifting to get to where they are, and I''m lucky they have invited me for the ride," Simon commented.

Greenlane Holdings, Inc. (NASDAQ: GNLN ) announced l eadership changes and plans to capitalize the business and accelerate the company''s path to profitability, as well as provided preliminary financial results for its fourth quarter and full year ended December 31, 2021. Reducing Cost Structure & Increasing Liquidity Greenlane revealed that it has completed a reduction in force - as part of its ongoing cost-cutting initiatives to accelerate the path to profitability – which is expected to result in roughly $8 million in annualized cash compensation cost savings. In addition, the company is also poised to reduce its facility footprints worldwide and adjust its go-to-market strategy significantly to reduce its operating costs and enhance liquidity. The plan is expected to help generate liquidity in excess of $30 million if all measures described above are implemented successfully. Leadership Team Changes Greenlane also revealed that Adam Schoenfeld, the company’s co-founder and board member opted to step down as chief marketing officer, effective March 31.The company sad that it will not seek to fill the vacant role at this time.

Cannabis accessories company Greenlane Holdings said Thursday it will save $8 million in costs after reducing its work force as part of a plan to accelerate its path to profitability. The company did not provide a number of people that were affected by the move. Greenlane said it may generate liquidity in excess of $30 million from a series of moves including the sale of non-core assets, a sale leaseback of the company''s headquarters, price hikes, disposing of low-margin inventory, and taking out an asset-based loan. Greenlane plans to reduce its adjusted selling, general & administrative expenses to $14 million to $16 million by the third quarter, down from $26.6 million in the third quarter of 2021. The company increased its fourth-quarter gross margin target to between 20% and 22%, up from 18% to 20%. Shares of Greenlane jumped 7% in premarket trades. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

The Global Cannabis Stock Index fell for the 12th consecutive month, declining 1.1% to 28.31, reported Alan Brochstein, founder of New Cannabis Ventures and 420 Investor. The index, which was dow

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