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Video: What is a Stock Split?
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Greenlane Holdings is a holding company. Through its subsidiaries, Co. is a platform for the development and distribution of cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products. Co. has two segments: Consumer Goods, which focuses on serving consumers through both its proprietary brands, including Eyce, DaVinci, VIBES, Marley Natural, Keith Haring, and Higher Standards, as well as lifestyle products and accessories from brands, like PAX, Storz and Bickel, and Grenco Science; and Industrial Goods, which focuses on serving the cannabis brands, operators, and retailers by providing ancillary products, such as customizable packaging and supply products. According to our GNLN split history records, Greenlane Holdings has had 2 splits. | |
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Greenlane Holdings (GNLN) has 2 splits in our GNLN split history database. The first split for GNLN took place on August 10, 2022. This was a 1 for 20 reverse split, meaning for each 20 shares of GNLN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. GNLN's second split took place on June 07, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of GNLN owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 5 share position following the split.
When a company such as Greenlane Holdings conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the GNLN split history from start to finish, an original position size of 1000 shares would have turned into 5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Greenlane Holdings shares, starting with a $10,000 purchase of GNLN, presented on a split-history-adjusted basis factoring in the complete GNLN split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2019 |
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End date: |
04/23/2024 |
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Start price/share: |
$3,898.00 |
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End price/share: |
$0.60 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.98% |
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Average Annual Total Return: |
-82.67% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1.54 |
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Years: |
5.01 |
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Date |
Ratio |
08/10/2022 | 1 for 20 | 06/07/2023 | 1 for 10 |
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