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Greenlane Holdings gains Nasdaq extension, must meet financial conditions to avoid delisting.
Greenlane Holdings, a company that sells cannabis accessories, has been granted an extension by the Nasdaq Hearings Panel to stay listed on the Nasdaq Capital Market.
The company must meet several conditions by mid-June 2025, including getting shareholder approval for a reverse stock split and achieving a minimum closing bid price of $1.00 per share.
Greenlane needs to maintain this price for at least 10 consecutive business days by July 11, 2025, to avoid delisting.
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Greenlane Holdings obtiene la extensión de Nasdaq, debe cumplir con las condiciones financieras para evitar el deslistaje.