Greenlane Confirms Cash Crunch in Offering Due to Sliding Sales

The company is fighting for survival by selling stock and excess inventory. Greenlane Holdings, Inc.  (NASDAQ: GNLN) announced the pricing of its “reasonable best efforts” public offering of 8,333,335 units at a public offering price of $0.90 per unit to raise $7.5 million. The company said in its filing that it needs the money to meet near-term needs. …

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