On August 21, 2023, Greenlane Holdings Received A Deficiency Letter From Nasdaq; Letter Says For Last 30 Consecutive Business Days, Closing Bid Price For Co's Class A Common Stock Had Been Below Minimum $1.00 Per Share
Portfolio Pulse from Happy Mohamed
Greenlane Holdings (GNLN) received a deficiency letter from Nasdaq stating that for the last 30 consecutive business days, the closing bid price for the company's Class A common stock had been below the minimum $1.00 per share.
August 23, 2023 | 8:42 pm
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Greenlane Holdings' stock price has been below the minimum $1.00 per share for 30 consecutive days, leading to a deficiency letter from Nasdaq.
The receipt of a deficiency letter from Nasdaq is a serious matter as it could potentially lead to delisting if the company fails to rectify the situation. This news is likely to negatively impact investor sentiment and could lead to a further decrease in the stock price in the short term.
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