Greenlane : Failure to Satisfy Listing Rule - Form 8-K

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On November 22, 2023, Greenlane Holdings, Inc. (the "Company") received a written notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq's continued listing standards because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the "Quarterly Report").

Under Nasdaq rules, the Company now has 60 calendar days (or until January 22, 2024) to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the Quarterly Report's original due date, which 180-day period would end on May 20, 2024, to regain compliance. The Company can regain compliance with Nasdaq's continued listing standards at any time before such dates by filing the Quarterly Report with the Securities and Exchange Commission and any other subsequent reports that are required to be filed during the cure period.

This notification has no immediate effect on the listing of the Company's securities on Nasdaq. There can be no assurance, however, that the Company will be able to regain compliance with the listing standards discussed above.