Greenlane Holdings shares are trading higher after the company announced that it has entered into a non-binding letter of intent to be the exclusive distributor in the U.S, of Safety Strips, fentanyl, xylazine and drink spike detection test strips.
Portfolio Pulse from Benzinga Newsdesk
Greenlane Holdings shares are trading higher after the company announced a non-binding letter of intent to be the exclusive U.S. distributor of Safety Strips, which detect fentanyl, xylazine, and drink spiking.
August 12, 2024 | 2:10 pm
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Greenlane Holdings shares are trading higher after the company announced a non-binding letter of intent to be the exclusive U.S. distributor of Safety Strips, which detect fentanyl, xylazine, and drink spiking.
The announcement of a non-binding letter of intent to be the exclusive U.S. distributor of Safety Strips is a positive development for Greenlane Holdings. This partnership could potentially open new revenue streams and enhance the company's market position, leading to a short-term increase in stock price.
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