Short Idea: Greenlane Holdings Inc GNLC

Greenlane Holdings Inc (GNLC) is a distributor of vaporization products and consumption accessories in the U.S. The stock got a huge pop on news of a merger with KushCo Holdings.

However, Kaskela Law LLC announces that is investigating Greenlane Holdings to determine whether GNLC executive officers and directors violated the securities laws and/or breached their fiduciary duties in connection with the proposed transaction, as well as whether Greenlane shareholders are receiving all material information in connection with the proposed transaction.

Greenlane also has a weak balance sheet, free cash flow negative and heavily financed.

Target: $4.25; $2.00
Exposure: 1-2%