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.

Greenlane Holdings, a major player in the cannabis industry that primarily operates as an ancillary…

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