Greenlane Holdings Inc. (NASDAQ:GNLN) shares surged 71.72% to $1.58 in after-hours trading on Wednesday.
The stock of the Florida-based company closed regular trading at $0.92, down 7.05%, according to Benzinga Pro data.
No obvious reason for the after-hours jump was clear.
Cryptocurrency Agreements Disclosed
On Feb. 4, Greenlane Subsidiary Inc., a wholly owned subsidiary of Greenlane Holdings, signed a Token Purchase and Sale Agreement and a Token Lending Agreement with Cayman Islands–based Berachain Operations Corporation, according to a Feb. 9 Securities and Exchange Commission filing.
Under the agreements, the subsidiary may lend USDC (CRYPTO: USDC) and Tether