Lawsuit for Investors in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN) announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / August 26, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Greenlane Holdings, Inc. (NASDAQ:GNLN) shares.

Investors, who purchased shares of Greenlane Holdings, Inc. (NASDAQ:GNLN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

Boca Raton, FL based Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. On April 23, 2019, Greenlane held its initial public offering (“IPO”), offering shares at $17.00.

The plaintiff alleges that the registration statement issued in connection with Greenlane’s IPO contained untrue statements of material fact and omitted to state material facts both required by governing regulations and necessary to make the statements made not misleading. More specifically, the plaintiff claims that the registration statement touted Greenlane Holdings, Inc as “one of the largest distributors of products made by JUUL Labs,” and was replete with reference to the benefits and competitive advantages that Greenlane Holdings, Inc purportedly enjoys due to its relationship with San Francisco-based e-cig manufacturer JUUL Labs, Inc.

Those who purchased Greenlane Holdings, Inc. (NASDAQ: GNLN) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 557399