04:17 AM EDT, 06/03/2025 (MT Newswires) -- Greenlane ( GNLN ) said late Monday that Nasdaq granted the company's request for continued listing, subject to compliance with certain conditions.

The company said that it must obtain shareholder approval for a reverse stock split by June 16 and must effect a split and achieve a $1 minimum closing bid price by June 27.

To evidence compliance, the company's common stock must close at or above $1 per share for at least 10 consecutive business days by July 11, Greenlane ( GNLN ) said.

The company's shares were up 16% in recent premarket activity Tuesday.