According to Zacks, “Greenlane Holdings Inc. is a distributor of premium vaporization products and consumption accessories primarily in the United States and Canada. Its customers include smoke shops and regional retail chain stores as well as licensed cannabis cultivators, processors and dispensaries. The company owns and operates direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com. Greenlane Holdings Inc. is based in Boca Raton, United States. “
Separately, Roth Capital cut their price target on shares of Greenlane from $18.50 to $10.00 and set a buy rating for the company in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Greenlane has a consensus rating of Buy and a consensus target price of $19.60.
In other Greenlane news, Director Richard Taney acquired 30,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was bought at an average price of $3.65 per share, with a total value of $109,500.00. Also, SVP Pura Vida Investments, Llc acquired 5,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was acquired at an average cost of $22.00 per share, with a total value of $110,000.00. Insiders bought a total of 120,000 shares of company stock valued at $572,150 in the last ninety days.
Several institutional investors have recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Greenlane in the 2nd quarter valued at $82,000. Bank of New York Mellon Corp purchased a new stake in shares of Greenlane in the 2nd quarter valued at $103,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Greenlane in the 2nd quarter valued at $124,000. JPMorgan Chase & Co. purchased a new stake in shares of Greenlane in the 2nd quarter valued at $178,000. Finally, Ardsley Advisory Partners LP bought a new stake in Greenlane during the 2nd quarter valued at $382,000. 8.68% of the stock is owned by institutional investors.
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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