Cannabis group Greenlane reports net loss amid expansion

Greenlane, a Florida-based distributor of medical and recreational marijuana vape products, reported improved revenue of $49.9 million for the first quarter 2019, up 15.3% from the same period last year.

The company, which listed on the Nasdaq April 23 as GNLN, reported a net loss of $17.7 million for the quarter.

The loss stemmed, in part, from costs associated with Greenlane’s expansion as a public company.

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