Levi & Korsinsky, LLP announces that a GNLN class action lawsuit has been commenced on behalf of investors who purchased Greenlane Holdings, Inc. (GNLN) pursuant and/or traceable to the Company’s initial public offering in April 2019. For more on the Greenlane Holdings Class Action please contact us today.
According to the Greenlane Holdings lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) 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; (2) if approved, the initiative would materially and adversely impact the Company’s financial results and prospects; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
TO LEARN MORE ABOUT THE GNLN CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/greenlane-loss-form?wire=3
If you suffered a loss in Greenlane Holdings you have until November 12, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171