Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On December 13, 2022, Greenlane Holdings, Inc. (the "Company") received a
deficiency letter from the Nasdaq Listing Qualifications Department (the
"Staff") of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that,
for the last 30 consecutive business days, the closing bid price for the
Company's Class A common stock, par value $0.01 per share (the "Class A Common
Stock") had been below the minimum $1.00 per share required for continued
listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5550(a)(2)
("Rule 5550(a)(2)"). The Nasdaq deficiency letter has no immediate effect on the
listing of the Company's Class A Common Stock, and the Class A Common Stock will
continue to trade on The Nasdaq Global Market under the symbol "GNLN" at this
time.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given
180 calendar days, or until June 12, 2023, to regain compliance with Rule
5550(a)(2). If the Company chooses to implement a reverse stock split, it must
complete the split no later than ten business days prior to June 12, 2023, to
regain compliance. If at any time before June 12, 2023, the bid price of the
Class A Common Stock closes at $1.00 per share or more for a minimum of 10
consecutive business days, the Staff will provide written confirmation that the
Company has regained compliance.
If the Company does not regain compliance with Rule 5550(a)(2) by June 12, 2023,
the Company may be afforded a second 180 calendar day period to regain
compliance. To qualify, the Company would be required to meet the continued
listing requirement for market value of publicly held shares and all other
initial listing standards for The Nasdaq Capital Market, except for the minimum
bid price requirement. In addition, the Company would be required to notify
Nasdaq of its intent to cure the deficiency during the second compliance period.
The Company intends to actively monitor the closing bid price for the Class A
Common Stock and will consider available options to resolve the deficiency and
regain compliance with Rule 5550(a)(2).
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GREENLANE HOLDINGS, INC. 
