Greenlane Holdings is the first known Cannabis-related companies that went public. They first went public with a debut they made ahead of Zoom and Pinterest which happened last year. They are definitely one of the most rear companies that made this with cannabis business in the whole US.
Being IPO cannabis pioneer literally gave them an opportunity to gain so much fortune and fame. Their first public share price was opened at $17. That has brought them more than $102 million in that amazing initial offer.
When it comes to getting approval from the US Government, Greenlane Holdings can actually get it very soon. An approval may be made because they don’t have real marijuana business but are actually constantly supplying different cannabis shops with the products they need, mostly with vaporizer ones.
Does this company has a successful future? For all those who are worried about their ‘weird nature of the business’, we must say how Greenlane Holdings actually has high chances of succeeding even more later in the future.
Cannabis is known to have numerous health benefits when being taken under control of the health care provider.
Stock Market News Today – GNLN Stock Price – Greenlane IPO
GNLN’s share is now worth $15.53, which means how its price has dropped by -0.47 or 2.94%. The average volume Greenlane Holdings get is 626,677 and its market cap is worth more than 145.27M.
There was also significant price volatility in the previous three months.
Our personal opinion after research and doing statistics is how this company will succeed in the future. Their price share will definitely raise with time, probably when the US Government approves Greenlane Holdings.
When it comes to business, an idea is always the most important. This company probably had a whole plan ahead even before they have started the business. We believe how their services will be needed even more with time.
