|Over a month ago|
Rising High: CannTrust obtains order under CCAA as firms report earnings » 11:1104/0204/02/20
CTST, CRON, GNLN, HEXO, MEDIF, APHA, OGI, MJARF, ACB, CVSI, CGC, CANN, IGC, TLRY, TCNNF, ZYNE
In this week's "Rising…
Greenlane price target lowered to $4 from $9 at Roth Capital » 09:0303/3103/31/20
Roth Capital analyst…
Roth Capital analyst Scott Fortune lowered the firm's price target on Greenlane to $4 from $9 and keeps a Buy rating on the shares. The analyst notes that the company reported Q4 revenues of $37.2M, off 28%, due to less emphasis on JUUL, a weak rebound in national vape demand, and a 2.0 roll-out delay in Canada, ahead of COVID-19 disruption to its distribution nationally.
Greenlane reports Q4 EPS (27c), consensus (7c) » 07:1603/3003/30/20
Reports Q4 revenue…
Reports Q4 revenue $37.24M, consensus $38.36M. Aaron LoCascio, Greenlane's Chairman and Chief Executive Officer, said, "2019 was a historic year for us. We are proud of the progress we made in our first year as a public company - in particular, our ability to advance our business goals while navigating turbulent industry headwinds throughout the year. Over the second half of the year, we undertook a large-scale shift in our business model by beginning to successfully move away from high-volume, low-margin products and sales, in favor of high-margin sales and the promotion of our house brands and products. We've concentrated on identifying cost-cutting opportunities and putting in place a thoughtful plan to leverage our scale to drive sustained, long-term growth and profitability. We believe the sequential increase of our fourth quarter margins by 396 basis points demonstrates the strength of our business and our ability to adapt to changing market conditions, while continuing to deliver on our targets. We are confident these steps best position us to become cash-flow positive in the near future, as we move forward."
|Over a quarter ago|
Fly Intel: After Hours Movers » 18:2501/0701/07/20
PIXY, GRTX, GNLN, CPIX, EXFO, LTHM, RADA, SPNE, PNM
HIGHER: ShiftPixy (PIXY),…
HIGHER: ShiftPixy (PIXY), up 200.7% after completing its recapitalization... Galera (GRTX), up 12.8% after announcing initial dosing in its Phase 2a clinical trial of GC4419... Greenlane (GNLN), up 12.6% after announcing a distribution agreement with AVD... Cumberland (CPIX), up 1.9% after announcing the national launch of a new Caldolor ready-to-use product. DOWN AFTER EARNINGS: EXFO (EXFO), down 16.1%. ALSO LOWER: Livent (LTHM), down 13.3% after providing guidance for Q4, fiscal 2019, and fiscal 2020... RADA Electronic (RADA), down 8.4% after it filed to sell common stock... SeaSpine (SPNE), down 4.3% after providing Q4 and FY20 revenue guidance... PNM Resources (PNM), down 3.2% after it filed to sell 4.9M shares of common stock.
Greenlane, AVD announce distribution agreement » 17:0101/0701/07/20
Advanced Vapor Devices,…
Advanced Vapor Devices, or AVD, and Greenlane Holdings (GNLN) announced a comprehensive distribution agreement for AVD products, including its entire suite of glass and resin cartridges, glass disposable cartridges, and rechargeable and disposable batteries. Under the terms of the agreement, Greenlane will distribute AVD's Easy-Press Glass Cartridge, the industry's first glass cartridge with a thumb snap-on, tamper-proof locking system, which is designed to reduce bottlenecks in rapid high-end, high-production filling and capping environments.
Greenlane CEO buys 56.4K shares of common stock » 16:2311/1511/15/19
In a regulatory filing,…
In a regulatory filing, Greenlane disclosed that its CEO Aaron LoCascio bought 56.4K shares of common stock on November 13th-14th. The total transaction size was $185K.
Greenlane reports Q3 EPS (64c), consensus (3c) » 07:0011/0811/08/19
Reports Q3 revenue…
Reports Q3 revenue $44.9M, consensus $50.11M.
Greenlane announces exclusive distribution agreement with Santa Cruz Shredder » 16:1911/0411/04/19
Greenlane Holdings announced that it has entered into an exclusive distribution agreement with Santa Cruz Shredder. The agreement became effective on October 1 and grants Greenlane exclusive distribution rights to all Santa Cruz Shredder products and tools.
Rising High: Roth sees industry potential as BofA says estimates still too high » 11:2710/1010/10/19
GNLN, CRON, ACB, CGC, HEXO, ALEAF, APHA, MMNFF, CVSI, CTST, CANN, IGC, TLRY, TCNNF, ZYNE
In this week's "Rising…
Odeon Capital consumer analysts to hold an analyst/industry conference call » 10:2510/0810/08/19
TPB, PM, MO, MMNFF, GNLN, BTI
Consumer Products/Tobacco Analysts, along with a consultant who owns a vaping company, will discuss the current state of vaping affairs including the regulatory status and possible outcomes, state actions and possible increase in these, and why this is being seen in the U.S. and not in the EU or China on an Analyst/Industry conference call to be held on October 8 at 11 am.