Greenlane Holdings shares are trading lower after the company announced a $4 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Greenlane Holdings has announced a $4 million public offering, leading to a decrease in its share price.
June 29, 2023 | 3:41 pm
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Greenlane Holdings' stock price is expected to be negatively impacted in the short term due to the announcement of a $4 million public offering.
Public offerings often lead to a decrease in share price as they dilute the value of existing shares. Given that Greenlane Holdings has announced a $4 million public offering, it is expected that this will negatively impact the company's stock price in the short term.
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