Greenlane Gets Nasdaq Notification Of Non-Compliance With Listing Rule 5250(c)(1)
Portfolio Pulse from Benzinga Newsdesk
Greenlane Holdings, Inc. has received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1), which requires timely filing of financial reports. This notice does not immediately affect the listing of Greenlane's shares, but the company must submit a plan to regain compliance within a given timeframe to avoid delisting.
April 23, 2024 | 9:18 pm
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Greenlane Holdings, Inc. received a Nasdaq non-compliance notice due to delayed financial filings, which could lead to delisting if not resolved.
Receiving a non-compliance notice from Nasdaq is a significant negative development for any listed company. It puts pressure on Greenlane Holdings to address the filing delays promptly to avoid further negative consequences, such as delisting. This situation could negatively impact investor confidence and the stock's short-term performance.
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