Greenlane reports goodwill impairment charge of $9 mln related to u.s. reporting unit in q1

Greenlane announces first quarter 2020 financial results.q1 sales $33.9 million versus refinitiv ibes estimate of $32.6 million.expects to close its jacksonville, fl, torrance, ca, and visalia, ca distribution centers in june 2020.qtrly net loss attributable to class a common stock per share - basic and diluted $0.43.greenlane holdings - during q1 , recorded goodwill impairment charge of $9.0 million related to united states reporting unit.targeted reduction of about 50 employees which is expected to positively impact company's results in future quarters.
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