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.
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