A lawsuit was filed on behalf of investors in Greenlane Holdings, Inc. (NASDAQ: GNLN) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 09/25/2019 -- An investor, who purchased shares of Greenlane Holdings, Inc. (NASDAQ: GNLN), filed a lawsuit over alleged violations of Federal Securities Laws by Greenlane Holdings, Inc. in connection with the Company's April 2019 initial public offering ("IPO").
Investors who purchased shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) have certain options and for certain investors are short and strict deadlines running. Deadline: November 12, 2019. NASDAQ: GNLN investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff claims that the Registration Statement was materially false and misleading and omitted to state that 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, that, if approved, the initiative would materially and adversely impact the Company's financial results and prospects, and that, 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.
Those who purchased shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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