LADENBURG THALM/SH SH Initiates Coverage on Greenlane (GNLN)

LADENBURG THALM/SH SH began coverage on shares of Greenlane (NASDAQ:GNLN) in a report issued on Monday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $22.00 price objective on the stock.

Shares of GNLN opened at $16.61 on Monday. Greenlane has a 52 week low of $12.90 and a 52 week high of $29.00.

In other news, major shareholder Jacoby & Co. Inc. sold 368,095 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $15.81, for a total value of $5,819,581.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Locascio sold 644,860 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $15.81, for a total value of $10,195,236.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,045,543 shares of company stock valued at $16,530,035.

About Greenlane

Greenlane Holdings, Inc distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging.

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Analyst Recommendations for Greenlane (NASDAQ:GNLN)

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