Thieler Law Corp advises investors with losses exceeding $100,000 of the November 12, 2019 lead plaintiff deadline in a class action lawsuit filed against Greenlane Holdings Inc (NASDAQ: GNLN) (“Greenlane” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of Florida and investors, who purchased Greenlane Holdings Inc in connection with the Company’s April 2019 initial public offering (“IPO”), have until November 12, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Greenlane Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the City of San Francisco had introduced a major initiative to ban the sale of e-cigarette products across three major cities and prohibit the manufacture of products at the headquarters of Greenlane’s key partner, JUUL Labs; if approved, the initiative would materially and adversely impact the Company’s financial results and prospects; and as a result of the foregoing, defendants’ positive statements about Greenlane’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

In April 2019, the Company held its initial public offering (“IPO”) in which it sold more than 6 million common shares at $17.00 per share.

On June 18, 2019, the San Francisco Board of Supervisors approved the ban on the sale and distribution of e-cigarette products within the city. It also endorsed a ban on the manufacturing of e-cigarette products on city property.

Following this news, NASDAQ: GNLN fell $2.27, or over 17%, to close at $11 per share on June 19, 2019.

If you were negatively impacted by your investment in Greenlane Holdings Inc securities in connection with the Company’s April 2019 initial public offering (“IPO”) and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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