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Greenlane Holdings Priced, Nasdaq: GNLN

National distributor of vaporization products and accessories.

Industry: Consumer Discretionary

Latest Trade: $13.51 0.00 (0.0%)

First Day Return: +24.1%

Return from IPO: -20.5%

Industry: Consumer Discretionary

We are a leading distributor of premium vaporization products and consumption accessories in the United States and have a growing presence in Canada. Our customers include over 6,600 independent smoke shops and regional retail chain stores, which we estimate collectively operate approximately 9,700 retail locations, and hundreds of licensed cannabis cultivators, processors and dispensaries. We also own and operate two of the most visited North American direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com, which offer convenient, flexible shopping solutions directly to consumers. We are developing a unique e-commerce platform, Vapor.com, into which our existing e-commerce websites will be consolidated. Through our expansive North American distribution network and internet presence, we offer a comprehensive selection of more than 5,000 SKUs, including premium vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. Following the passage of the Farm Bill, in February 2019, we commenced distribution of premium products containing hemp-derived CBD.
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IPO News for Greenlane Holdings
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IPO Data
IPO File Date 03/20/2019
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 6.0
Deal Size ($mm) $102
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/17/2019
Offer Price $17.00
Price Range $14.00 - $16.00
Offer Shares (mm) 6.0
Deal Size ($mm) $102
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Boca Raton, FL
Founded 2005
Employees 256
Website www.gnln.com