on Greenlane Holdings, Inc. (NASDAQ:GNLN)
Greenlane Holdings Faces Nasdaq Non-Compliance Notice
On April 18, 2024, Greenlane Holdings, Inc., a leading global seller of cannabis-related products, received a non-compliance notification from the Nasdaq due to a delay in filing its annual financial report for 2023. The company acknowledged missing the deadline for its Annual Report on Form 10-K, which was supposed to be filed with the Securities and Exchange Commission (SEC).
The notice does not currently affect the listing of Greenlane's common stock on Nasdaq. However, the company risks being delisted if it does not regain compliance within the set timeframe. Greenlane has until June 17, 2024, to submit a plan for compliance, which could extend its filing deadline up to 180 days.
Greenlane is confident in addressing the issue within the 60-day window, aiming to avoid further compliance complications. This approach highlights their commitment to resolving the filing delay swiftly.
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