UPDATE: Cowen Starts Greenlane Holdings (GNLN) at Outperform

(updated to add price target and analyst comment)

Cowen analyst Vivien Azer initiates coverage on Greenlane Holdings (NASDAQ: GNLN) with a Outperform rating, price target $21.00.

The analyst comments "With exposure to fast growth industries, including cannabis, novel nicotine and hemp-derived CBD, which we believe collectively represents over $120 bn in retail sales, GNLN is well positioned to capitalize on current trends. We forecast robust sales growth at a 27% CAGR."

For an analyst ratings summary and ratings history on Greenlane Holdings click here. For more ratings news on Greenlane Holdings click here.

Shares of Greenlane Holdings closed at $16.25 yesterday.

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