- Greenlane Holdings Inc (NASDAQ:GNLN) said it has closed on a $15 million asset-based loan.
- The loan is for a term of three years and is expected to support Greenlane’s strategic initiatives and working capital needs.
- “We are continuing to make solid progress on our previously announced strategic plan to reduce our cost structure, accelerate our path to profitability, and increase liquidity on a non-dilutive basis,” said CEO Nick Kovacevich.
- Greenlane serves more than 8,000 retail locations, including licensed cannabis dispensaries, smoke shops, and specialty retailers.
- Price Action: GNLN shares are trading higher by 4.73% at $3.40 on the last check Thursday.
Soluna Announces Implementation Of 1-for-25 Reverse Stock Split
Following the reverse share split, the Company will have approximately 1.5 million Ordinary Shares issued and outstanding.Split effective today, October 13, 2023 at 5:00pm est.Soluna Holdings, Inc. ("SHI" or the
