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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Greenlane Holdings, Inc.    GNLN

GREENLANE HOLDINGS, INC.

(GNLN)
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GREENLANE 96 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Greenlane Holdings, Inc. - GNLN

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11/08/2019 | 10:51pm EST

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until November 12, 2019 to file lead plaintiff applications in a securities class action lawsuit against Greenlane Holdings, Inc. (NasdaqGS: GNLN), if they purchased the Company’s shares in connection with its April 2019 IPO. This action is pending in the United States District Court for the Southern District of Florida.

What You May Do

If you purchased shares of Greenlane and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-gnln/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by November 12, 2019.

About the Lawsuit

Greenlane and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement and Prospectus, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) a major initiative to ban e-cigarette sales and prohibit their manufacture at the headquarters of key partner, JUUL Labs, was introduced by the City of San Francisco; (ii) if approved, it would materially and adversely impact the Company’s financial results and prospects; and (iii) as a result, Greenlane’s Registration Statement and Prospectus were materially false and misleading at all relevant times.

The case is Hammond v. Greenlane Holdings, Inc., 19-cv-81259.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.


© Business Wire 2019
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Financials (USD)
Sales 2019 188 M
EBIT 2019 -20,5 M
Net income 2019 -33,5 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -4,15x
P/E ratio 2020 -10,4x
Capi. / Sales2019 0,18x
Capi. / Sales2020 0,18x
Capitalization 33,8 M
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Mean consensus BUY
Number of Analysts 5
Average target price 8,80  $
Last Close Price 3,38  $
Spread / Highest target 255%
Spread / Average Target 160%
Spread / Lowest Target 77,5%
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Managers
NameTitle
Aaron M. LoCascio Chairman & Chief Executive Officer
Adam Schoenfeld President, Director & Chief Strategy Officer
Ethan Rudin Chief Financial Officer
Douglas Fischer General Counsel
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