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Sep 11, 2021
Greenlane (GNLN, $3.02) shares rating reinstated outperform at Cowen

Greenlane (GNLN, $3.02) shares rating reinstated outperform at Cowen

Shares of Greenlane Holdings  was reinstated outperform rating by analysts at Cowen.

Cowen analysts now have a price target of $5 a share. The analysts are bullish after Greenlane closed its merger with KushCo.  on Sept. 1. "Combined, the company will be a clear leader in the ancillary cannabis space where distinct customer bases should provide a platform for cross-selling opportunities and scale in addition to cost efficiencies," Cowen analysts mentioned in a note.

However, Cowen analysts also mentioned that Greenlane could experience some challenges from port disruptions and shipping delays – factors that were largely responsible for the company’s withdrawal of  its 2021 guidance for between $310 million and $330 million in revenue with a gross margin between 22% and 24%, the analysts said pointed out.

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a company which engages indistribution and online retails of vaporization products & consumption accessories

Industry Tobacco

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Wholesale Distributors
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4800 North Federal Highway
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+1 877 292-7660
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11
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https://gnln.com
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