The share price of Greenlane Holdings, Inc. (NASDAQ: GNLN) saw a notable increase on Monday, rising 72.08% to close at $5.30. The launch of a significant stock reorganization program and the hiring of a new executive leader were two significant business moves that followed the significant gain.
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Selection of Experienced Sales Professional
Mike Hinson has been named Executive Vice President of Sales at Greenlane Holdings. Hinson is anticipated to manage Greenlane’s sales activities, concentrating on revenue optimization, business development, and new prospects in the cannabis and wellness industries. Hinson has managed top-performing sales teams and produced notable revenue growth for more than 20 years.
Before coming to Greenlane, Hinson was Senior Vice President of Sales at Besmartee, a digital mortgage platform, where he was instrumental in creating and implementing the company’s sales strategy.
He has also had significant leadership roles at Paciolan, RealPage, Inc., and AudienceView during his career, where he has demonstrated his capacity to build effective sales teams and forge significant industry relationships. Hinson earned a Bachelor of Business Administration from James Madison University.
Implementation of Reverse Stock Split
Another noteworthy action was taken by Greenlane Holdings, which, after market close on June 26, 2025, reverse-split its Class A ordinary shares one for 750. Last month, 2025, investors accepted this move, which was meant to guarantee adherence to the Nasdaq minimum bid price criterion.
Following the board’s approval of the reverse split and its filing with the Delaware Secretary of State, the total number of outstanding Class A common shares dropped from about 1.04 billion to 1.39 million. The split preserved each stockholder’s equity position while having a proportionate impact on each.
Setting Up for Future Development
The strategic stock adjustment and Hinson’s hiring are part of Greenlane’s larger initiative to reposition the company in the market. These improvements indicate a proactive attitude to operational efficiency and shareholder value enhancement as the firm extends its branded product lines and looks for growth opportunities.
