Greenlane granted continued listing from nasdaq hearings panel, subject to return to compliance with nasdaq listing rules

Boca raton, fl / access newswire / june 2, 2025 / greenlane holdings, inc. ("greenlane" or the "company") (nasdaq:gnln), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced today announced that the nasdaq hearings panel ("panel") has granted the company's request for an extension to evidence compliance with all applicable criteria for continued listing on the nasdaq capital market. as previously reported by greenlane on its current report on form 8-k, on april 2, 2025, the listing qualifications department (the "nasdaq staff") of the nasdaq stock market ("nasdaq") issued a determination to the company, which was communicated through a delisting notice (the "delisting notice"), indicating that the company did not satisfy the minimum $1.00 bid price per share requirement for the continued listing on nasdaq, as set forth in nasdaq listing rule 5550(a)(2) (the "minimum bid price rule") by february 19, 2025.
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