Greenlane Holdings Stock Soars 100% on PAX Partnership, Nasdaq Compliance

On June 12, 2025, Greenlane Holdings experienced a remarkable surge, with its stock price doubling in pre-market trading, reflecting a significant boost in investor confidence and market sentiment.

Greenlane Holdings has recently renewed its distribution agreement with PAX, a leading manufacturer of portable dry herb cannabis vaporizers. This strategic partnership aims to expand the availability of PAX's award-winning products through Greenlane's extensive distribution network, potentially driving increased sales and market penetration for both companies.

In addition to its distribution efforts, Greenlane has taken steps to enhance its supply chain management by selecting Mainstem's B2B procurement platform. This platform is designed to improve customer access, supply chain coordination, inventory management, and purchasing processes, which could lead to more efficient operations and better service for Greenlane's clients.

Greenlane has also made significant strides in its financial reporting and compliance. The company has been granted continued listing from the Nasdaq Hearings Panel, subject to returning to compliance with Nasdaq listing rules. This development underscores Greenlane's commitment to maintaining its listing status and adhering to regulatory requirements, which is crucial for investor trust and market stability.

Furthermore, Greenlane has appointed Michael Howe as a new independent director, bringing valuable expertise in commercial strategy, operations, and business development. This appointment is expected to strengthen the company's leadership and strategic direction, positioning it for future growth and success in the competitive cannabis accessories market.