Aegis Capital Corp. acted as Exclusive Placement Agent on a $6.5 Million Private Placement Priced At-the-Market for Greenlane Holdings, Inc. (NASDAQ: GNLN)
Aegis Capital Corp. has successfully acted as the Exclusive Placement Agent for Greenlane Holdings, Inc. (NASDAQ: GNLN) in a $6.5 million private placement priced at-the-market. Greenlane Holdings is a prominent player in the cannabis accessories, vape devices, and lifestyle products industry, operating in the United States, Canada, and Europe.
The company's business is divided into two segments: Consumer Goods and Industrial Goods. Greenlane offers a wide range of products, including consumption accessories, vaporizers, pipes, rolling papers, and lifestyle merchandise under various brands such as Groove, Eyce, DaVinci, and Higher Standards. Additionally, Greenlane operates several e-commerce websites catering to both retail and wholesale customers.
Aegis Capital Corp. ha agito con successo come Agente di Collocamento Esclusivo per Greenlane Holdings, Inc. (NASDAQ: GNLN) in un collocamento privato da 6,5 milioni di dollari, con prezzo stabilito sul mercato. Greenlane Holdings è un attore di primo piano nel settore degli accessori per cannabis, dispositivi per il vaping e prodotti di lifestyle, operando negli Stati Uniti, in Canada e in Europa.
Il business dell'azienda è suddiviso in due segmenti: beni di consumo e beni industriali. Greenlane offre una vasta gamma di prodotti, tra cui accessori per il consumo, vaporizzatori, pipe, carta da rolling e articoli di lifestyle sotto vari marchi come Groove, Eyce, DaVinci e Higher Standards. Inoltre, Greenlane gestisce diversi siti di e-commerce rivolti sia ai clienti al dettaglio che all'ingrosso.
Aegis Capital Corp. ha actuado con éxito como Agente de Colocación Exclusivo para Greenlane Holdings, Inc. (NASDAQ: GNLN) en una colocación privada de 6.5 millones de dólares, con un precio acordado en el mercado. Greenlane Holdings es un jugador destacado en la industria de accesorios de cannabis, dispositivos de vapeo y productos de estilo de vida, operando en Estados Unidos, Canadá y Europa.
El negocio de la empresa se divide en dos segmentos: Bienes de Consumo y Bienes Industriales. Greenlane ofrece una amplia gama de productos, incluyendo accesorios de consumo, vaporizadores, pipas, papel para enrollar y productos de estilo de vida bajo varias marcas como Groove, Eyce, DaVinci y Higher Standards. Además, Greenlane opera varios sitios de comercio electrónico atendiendo tanto a clientes minoristas como mayoristas.
Aegis Capital Corp.는 Greenlane Holdings, Inc. (NASDAQ: GNLN)를 위해 독점 배치 에이전트로 성공적으로 활동하여 650만 달러 규모의 프라이빗 배치를 시장 가격에 맞춰 진행했습니다. Greenlane Holdings는 미국, 캐나다 및 유럽에서 운영되는 대마초 액세서리, 전자 담배 기기 및 라이프스타일 제품 산업의 주요 기업입니다.
회사의 비즈니스는 소비재와 산업재 두 개의 부문으로 나뉩니다. Greenlane은 Groove, Eyce, DaVinci 및 Higher Standards와 같은 다양한 브랜드 아래 소비 액세서리, 전자 담배, 파이프, 롤링 페이퍼 및 라이프스타일 상품을 포함한 광범위한 제품을 제공합니다. 또한, Greenlane은 소매 및 도매 고객을 모두 대상으로 하는 여러 전자상거래 웹사이트를 운영합니다.
Aegis Capital Corp. a agi avec succès en tant qu'Agent de Placement Exclusif pour Greenlane Holdings, Inc. (NASDAQ: GNLN) dans le cadre d'un placement privé de 6,5 millions de dollars fixé au prix du marché. Greenlane Holdings est un acteur majeur dans l'industrie des accessoires de cannabis, des dispositifs de vaporisation et des produits de style de vie, opérant aux États-Unis, au Canada et en Europe.
Les activités de l'entreprise se divisent en deux segments : biens de consommation et biens industriels. Greenlane propose une large gamme de produits, y compris des accessoires de consommation, des vaporisateurs, des pipes, du papier à rouler et des produits de style de vie sous diverses marques telles que Groove, Eyce, DaVinci et Higher Standards. De plus, Greenlane gère plusieurs sites de commerce électronique destinés à la fois aux clients de détail et aux grossistes.
Aegis Capital Corp. hat erfolgreich als exklusiver Platzierungsagent für Greenlane Holdings, Inc. (NASDAQ: GNLN) agiert und eine Privatplatzierung in Höhe von 6,5 Millionen USD zum Marktpreis durchgeführt. Greenlane Holdings ist ein prominenter Akteur in der Branche für Cannabis-Zubehör, Vape-Geräte und Lifestyle-Produkte und ist in den Vereinigten Staaten, Kanada und Europa tätig.
Das Geschäft des Unternehmens ist in zwei Segmente unterteilt: Konsumgüter und Industriegüter. Greenlane bietet eine breite Palette von Produkten an, darunter Konsumzubehör, Vaporizer, Pfeifen, Rolling Papers und Lifestyle-Waren unter verschiedenen Marken wie Groove, Eyce, DaVinci und Higher Standards. Zudem betreibt Greenlane mehrere E-Commerce-Websites, die sowohl Einzel- als auch Großhandelskunden ansprechen.
- Secured $6.5 million in private placement funding
- Diversified product portfolio across cannabis accessories and lifestyle products
- Strong brand presence with multiple owned and distributed brands
- Established e-commerce platforms for both retail and wholesale customers
- At-the-market pricing may indicate potential share dilution
- Reliance on private placement for funding suggests potential cash flow challenges
Insights
Greenlane Holdings'
While the infusion of capital is positive, it's important to consider Greenlane's burn rate and path to profitability. The cannabis industry faces regulatory challenges and intense competition, which could impact Greenlane's ability to effectively utilize this new funding. Investors should closely monitor how the company allocates these funds and whether it translates into improved financial performance in the coming quarters.
The
However, investors should note the fragmented nature of the cannabis accessories market and increasing competition from both established players and new entrants. Greenlane's ability to differentiate its brands and expand its e-commerce presence will be important for long-term success. The capital raised could potentially be used to strengthen its online platforms or invest in product innovation, which could give Greenlane a competitive edge in this rapidly changing industry landscape.
NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, lifestyle products and accessories, and apparel lines, as well as bubblers, rigs and merchandise. It offers its products under the Groove, Eyce, DaVinci, Higher Standards, Pollen Gear, Marley Natural, Storz and Bickel, Grenco Science, and Keith Haring brands. The company also operates e-commerce websites, such as Vapor.com, Wholesale.Greenlane.com, PuffItUp.com, HigherStandards.com, and MarleyNaturalShop.com. It serves customers through smoke shops, head shops, convenience stores, cannabis dispensaries, and specialty retailers.
For more information, please visit: https://www.gnln.com
About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research, sales and trading services to institutional and retail investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.
For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.
Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
SOURCE: Aegis Capital Corp.
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