ARTICLE
1 May 2019

Greenlane Becomes First U.S.-Based Cannabis Business To List On NASDAQ

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Pryor Cashman LLP

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A premier, midsized law firm headquartered in New York City, Pryor Cashman boasts nearly 180 attorneys and offices in both Los Angeles and Miami. From every office, we are known for getting the job done right, and doing it with integrity, efficiency and élan.
Earlier this month, Pryor Cashman client Greenlane Holdings, Inc., a leading distributor of premium vaporization products and consumption accessories, commenced an initial public offering of its Class A common stock.
United States Food, Drugs, Healthcare, Life Sciences

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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