Twin Focus Capital Partners LLC Takes Position in Greenlane Holdings, Inc. (NASDAQ:GNLN)

Twin Focus Capital Partners LLC purchased a new stake in Greenlane Holdings, Inc. (NASDAQ:GNLN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 71,250 shares of the company’s stock, valued at approximately $37,000. Twin Focus Capital Partners LLC owned 1.91% of Greenlane as of its most recent SEC filing.

Separately, Armistice Capital LLC raised its stake in shares of Greenlane by 815.1% in the 3rd quarter. Armistice Capital LLC now owns 329,000 shares of the company’s stock valued at $234,000 after purchasing an additional 293,048 shares during the period. Institutional investors own 13.96% of the company’s stock.

Greenlane Price Performance

Shares of GNLN traded up $0.01 during midday trading on Friday, hitting $0.51. The stock had a trading volume of 965,037 shares, compared to its average volume of 197,207. The company has a 50 day simple moving average of $0.57 and a two-hundred day simple moving average of $0.52. Greenlane Holdings, Inc. has a twelve month low of $0.37 and a twelve month high of $2.16. The firm has a market cap of $1.90 million, a price-to-earnings ratio of -0.02 and a beta of 1.67.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.