Greenlane Stock Skyrockets On Plans To Distribute High-Sensitivity Test Strips To Tackle Opiate Crisis
Portfolio Pulse from Jelena Martinovic
Greenlane Holdings, Inc. (NASDAQ:GNLN) announced plans to distribute Safety Strips, Inc.'s fentanyl, xylazine, and drink spike detection test strips across the U.S. This move comes as the DEA warns of the increasing threat of fentanyl mixed with xylazine. Greenlane's stock surged 244.40% following the announcement.
August 12, 2024 | 4:29 pm
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Greenlane Holdings announced plans to distribute Safety Strips' fentanyl and xylazine detection test strips across the U.S. The stock surged 244.40% following the announcement.
The announcement of distributing high-sensitivity test strips to tackle the opiate crisis is a significant development for Greenlane Holdings. The stock's 244.40% surge indicates strong investor confidence in the potential market impact and revenue growth from this new product line.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100