Greenlane Holdings (NASDAQ:GNLN) received a notice from the listing qualifications department of Nasdaq notifying the cannabis accessories seller that it is not in compliance with Nasdaq’s continued listing requirements.
Under the Nasdaq rules, the company has 60 calendar days, or until June 17, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule.
If Nasdaq accepts the company’s plan, then Nasdaq may grant the company up to 180 days from the prescribed due date for filing the Form 10-K to regain compliance.
Source: Press Release