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Greenlane Announces Purchases of Shares by Chief Executive Officer

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Greenlane Holdings, Inc. (NASDAQ:GNLN), a leading global seller of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, has announced that its Chief Executive Officer, Barbara Sher, acquired 12,500 common shares of the company on the open market. The purchases were made between August 5th and August 9th at an average price of $2.66 per share.

This move by the CEO is viewed as a demonstration of confidence in the company's intrinsic value and growth prospects, both in the near-term and long-term. The announcement highlights the alignment of the CEO's interests with those of the shareholders, potentially signaling a positive outlook for the company's future performance.

Greenlane Holdings, Inc. (NASDAQ:GNLN), un leader globale nella vendita di accessori premium per cannabis, imballaggi a prova di bambino e prodotti per vaporizzazione specializzati, ha annunciato che il suo Amministratore Delegato, Barbara Sher, ha acquisito 12.500 azioni ordinarie della società sul mercato aperto. Gli acquisti sono stati effettuati tra il 5 e il 9 agosto a un prezzo medio di 2,66 dollari per azione.

Questo gesto da parte del CEO è visto come una dimostrazione di fiducia nel valore intrinseco dell'azienda e nelle prospettive di crescita, sia a breve che a lungo termine. L'annuncio evidenzia l'allineamento degli interessi del CEO con quelli degli azionisti, segnalando potenzialmente un outlook positivo per le performance future dell'azienda.

Greenlane Holdings, Inc. (NASDAQ:GNLN), un vendedor global líder de accesorios de cannabis premium, envases a prueba de niños y productos de vaporización especializados, ha anunciado que su Consejera Delegada, Barbara Sher, adquirió 12,500 acciones comunes de la compañía en el mercado abierto. Las compras se realizaron entre el 5 y el 9 de agosto a un precio medio de 2,66 dólares por acción.

Este movimiento por parte de la CEO se ve como una demostración de confianza en el valor intrínseco de la empresa y en sus perspectivas de crecimiento, tanto a corto como a largo plazo. El anuncio subraya la alineación de los intereses de la CEO con los de los accionistas, lo que podría significar un pronóstico positivo para el desempeño futuro de la empresa.

그린레인 홀딩스, Inc. (NASDAQ:GNLN)는 프리미엄 대마초 액세서리, 아동 안전 포장 및 전문 증기화 제품을 판매하는 선도적인 글로벌 기업으로, CEO 바바라 셔가 회사의 보통주 12,500주를 공개 시장에서 인수했다고 발표했다. 이 구매는 8월 5일부터 8월 9일 사이에 주당 평균 2.66달러의 가격으로 이루어졌다.

CEO의 이러한 움직임은 회사의 내재 가치와 성장 전망에 대한 신뢰의 표시로 간주된다, 단기 및 장기 모두에서. 이 발표는 CEO의 이해가 주주와 일치하고 있음을 강조하며, 이는 회사의 향후 성능에 대한 긍정적인 전망을 신호할 수 있다.

Greenlane Holdings, Inc. (NASDAQ:GNLN), un vendeur mondial leader d'accessoires de cannabis haut de gamme, d'emballages résistant aux enfants et de produits de vaporisation spécialisés, a annoncé que sa Directrice Générale, Barbara Sher, a acquis 12 500 actions ordinaires de la société sur le marché libre. Les achats ont été réalisés entre le 5 et le 9 août à un prix moyen de 2,66 dollars par action.

Cette décision du PDG est perçue comme une démonstration de confiance dans la valeur intrinsèque de l'entreprise et ses perspectives de croissance, tant à court terme qu'à long terme. L'annonce souligne l'alignement des intérêts du PDG avec ceux des actionnaires, signalant potentiellement une perspective positive pour les performances futures de l'entreprise.

Greenlane Holdings, Inc. (NASDAQ:GNLN), ein führender globaler Anbieter von hochwertigen Cannabis-Zubehör, kindersicheren Verpackungen und Spezialprodukten zur Verdampfung, hat bekannt gegeben, dass ihre Geschäftsführerin, Barbara Sher, 12.500 Stammaktien des Unternehmens am freien Markt erworben hat. Die Käufe wurden zwischen dem 5. und 9. August zu einem Durchschnittspreis von 2,66 US-Dollar pro Aktie getätigt.

Diese Entscheidung der CEO wird als ein Zeichen von Vertrauen in den inneren Wert des Unternehmens und die Wachstumschancen sowohl kurzfristig als auch langfristig angesehen. Die Ankündigung unterstreicht die Übereinstimmung der Interessen der CEO mit den der Aktionäre, was möglicherweise eine positive Perspektive für die zukünftige Leistung des Unternehmens signalisiert.

Positive
  • CEO Barbara Sher purchased 12,500 shares, demonstrating confidence in the company
  • Shares were bought at an average price of $2.66, potentially indicating perceived undervaluation
  • The purchase aligns management interests with shareholders
Negative
  • None.

BOCA RATON, FL / ACCESSWIRE / August 13, 2024 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that its Chief Executive Officer, Barbara Sher, acquired 12,500 common shares of Greenlane ("Common Shares") on the open market between August 5th and August 9th at an average price of $2.66 per Common Share. The purchase of Common Shares by the Chief Executive Officer of the Company reflects confidence in the intrinsic value of the stock and the near-term and long-term growth prospects of the Company

About Greenlane Holdings, Inc.

Founded in 2005, Greenlane is a premier global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. We operate as a powerful family of brands, third-party brand accelerator, and an omnichannel distribution platform.

We proudly offer our own diverse brand portfolio and our exclusively licensed Marley Natural and K.Haring branded products. We also offer a carefully curated set of third-party products through our direct sales channels and our proprietary, owned and operated e-commerce platforms which include Vapor.com, PuffItUp.com, HigherStandards.com, Wholesale.Greenlane.com and MarleyNaturalShop.com.

For additional information, please visit: https://investor.gnln.com. For additional information, please visit: https://gnln.com/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Greenlane and other matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. Greenlane has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in Greenlane's Annual Report on Form 10-K filed for the year ended December 31, 2023 and the Company's other filings with the SEC, which can be obtained on the SEC website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.

Investor Contact:

IR@greenlane.com

or

TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com

SOURCE: Greenlane Holdings, Inc.



View the original press release on accesswire.com

FAQ

How many shares did Greenlane's CEO Barbara Sher purchase?

Greenlane's CEO Barbara Sher purchased 12,500 common shares of the company (NASDAQ:GNLN).

What was the average price per share for Barbara Sher's Greenlane stock purchase?

The average price per share for Barbara Sher's Greenlane stock purchase was $2.66.

When did Greenlane's CEO Barbara Sher buy the company's shares?

Greenlane's CEO Barbara Sher bought the company's shares between August 5th and August 9th, 2024.

Why is the CEO's purchase of Greenlane (GNLN) shares significant?

The CEO's purchase of Greenlane (GNLN) shares is significant as it demonstrates confidence in the company's intrinsic value and growth prospects, aligning management interests with shareholders.

Greenlane Holdings, Inc.

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