Another company that I have invested in recently announced a share buy back as the board felt that the value of the stock should be a lot higher, perhaps Greenlane should consider this as I think most investers feel that the share price is not really reflective of the companies value. Maybe put some of that 6 or 8 million in the bank to some good use????.
Might be just the kick start this stock needs.
In the opinion of the Board of Directors of BeWhere, the market price of the Common Shares of BeWhere does not accurately reflect the value of those shares. As a result, the Corporation intends to repurchase BeWhere's Common Shares that may become available for purchase at prices, which make them an appropriate use of funds of the Corporation.
BeWhere intends to attempt to acquire over the next 12-month period, a number of its Common Shares equal to 5% of its issued and outstanding Common Shares as at June 7, 2024. On May 31, 2024, the number of issued and outstanding Common Shares of BeWhere was 87,231,111, and 5% of that number is 4,361,555 Common Shares. The number of issued and outstanding Common Shares may be reduced by virtue of any shares acquired by BeWhere under its current Normal Course Issuer Bid, ending on June 6, 2024, which number could potentially be reduced to 84,052,762 Common Shares and 5% of that number would be 4,202,638 Common Shares.
https://stockhouse.com/news/press-releases/2024/06/03/bewhere-holdings-inc-announces-plans-to-repurchase-common-shares