An investigation for investors in Greenlane Holdings, Inc. (NASDAQ: GNLN) shares over potential securities laws violations by Greenlane Holdings, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/20/2019 -- An investigation was announced over potential securities laws violations by Greenlane Holdings, Inc. and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Greenlane Holdings, Inc. (NASDAQ: GNLN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Greenlane Holdings, Inc. (NASDAQ: GNLN) concerning whether a series of statements by Greenlane Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Boca Raton, FL based Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. Greenlane Holdings, Inc. (NASDAQ: GNLN) reported that its annual Total Revenue rose from $88.25 million in 2017 to $178.93 million in 2018 and that its Net Income of $2.29 million in 2017 turned to Net Loss of $5.88 million in 2018. On April 23, 2019, Greenlane held its initial public offering ("IPO"), offering shares at $17.00.
Shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) declined to as low as $6.81 per share on August 14, 2019.
Those who purchased shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.