Greenlane IPO: 5 things to know about the closest thing to a U.S. cannabis company to go public on Nasdaq

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Greenlane Holdings Inc. plans to raise roughly $98 million through an initial public offering on the Nasdaq, which would arguably make it the closest thing...

Greenlane Holdings Inc. plans to raise roughly $98 million through an initial public offering on the Nasdaq, which would arguably make it the closest thing to a U.S. cannabis company available for trade on a major U.S. exchange.

Greenlane says it expects to sell about 5.3 million shares, with 4.7 million from the company and the rest from selling shareholders, at $14 to $16, raising up to $98.1 million, according to filings with the Securities and Exchange Commission. Lead underwriters Cowen & Co. and Canaccord Genuity have access to an additional 800,000 shares from selling shareholders. The company has applied to trade under the ticker symbol GNLN, and is expected to price shares and begin trading next week.

There is not much information about the founders in the prospectus, despite their outsize control of the company. Greenlane says that LoCascio received an accounting degree from Valencia Community College in Florida and has run the company since its inception. Neither the filing nor Locasio’s LinkedIn page list any employment history before Greenlane.

The company had $7.3 million in cash as of the end of 2018 and in January of 2019 raised an additional $45.3 million through a convertible debt offering. In fiscal 2018, it posted cash flows of $5.3 million, up from $389,201 in the year-earlier period.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

S&P 500, Nasdaq edge higher as earnings season loomsThe S&P 500 and the Nasdaq edged into positive territory on Monday, with gains h... Accidental Renaissance. That's a real human being right there. He looks at that hair everyday and says 'Yup! That's my style!'
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »