United States:
Greenlane Becomes First U.S.-Based Cannabis Business To List On NASDAQ
01 May 2019
Pryor Cashman LLP
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Earlier this month, Pryor Cashman client Greenlane Holdings,
Inc., a leading distributor of premium vaporization products
and consumption accessories, commenced an initial public offering (IPO) of
its Class A common stock. On April 18, 2019, the Florida-based
company became the first U.S.-based cannabis business to list on
the Nasdaq Global Market, trading under the ticker symbol
"GNLN." After its first day of trading, the stock closed
up nearly 25%, bringing the company's market cap to north of
$1B. The IPO officially closed on April 23, raising more than $100
million.
Read more about the IPO here.
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