Welcome to our dedicated page for Greenlane Holdings news (Ticker: GNLN), a resource for investors and traders seeking the latest updates and insights on Greenlane Holdings stock.
Greenlane Holdings, Inc. (NASDAQ: GNLN) is recognized as a leading distributor of premium brands within the head shop, smoke shop, and dispensary channels. Founded in 2005, Greenlane has established itself as an industry leader by offering innovative products, competitive pricing, and exceptional customer service. The company operates as a global platform, distributing a wide range of smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and end consumers.
Greenlane's product portfolio includes vaporizers, parts, cleaning accessories, grinders, storage containers, pipes, rolling papers, and customized premium packaging. The company markets its products through business-to-business and business-to-consumer channels in the United States, Canada, and Europe, with a majority of its revenue derived from the U.S. market.
Greenlane's proprietary brands include DaVinci Vaporizers, Higher Standards, Groove, and Eyce. The company also holds exclusive licenses for Marley Natural and K.Haring branded products. Notable collaborations include renowned brands such as Storz & Bickel, Pax, VIBES, and CCELL. Greenlane's varied product offerings are available through its e-commerce platforms, including Vapor.com, Vaposhop.com, DaVinciVaporizer.com, PuffItUp.com, EyceMolds.com, HigherStandards.com, and MarleyNaturalShop.com.
Recent milestones include the launch of the DaVinci ARTIQ, a portable vaporizer featuring clean technology and a user-friendly design. Greenlane has also expanded its product line to include disposable nicotine offerings, aligning with consumer demand and market trends. Financially, the company has shown a commitment to growth and profitability through strategic product launches and operational efficiencies.
In August 2023, Greenlane achieved significant progress by repaying its outstanding asset-based loan, thereby fulfilling its financial commitments and acquiring additional cash for future endeavors. The company's recent financial results highlight a continuous effort to improve margins, reduce costs, and achieve profitability by Q4 2023.
For more information about Greenlane Holdings, Inc., please visit their investor relations website at https://investor.gnln.com.
Greenlane Holdings (NASDAQ: GNLN) and KushCo Holdings (OTCQX: KSHB) have initiated proxy solicitations for their proposed merger, which aims to create a leading ancillary cannabis company. Shareholders are set to vote on August 26, 2021, for approval. The merger has already gained unanimous support from both companies' boards and is expected to close in Q3 2021 if approved. This strategic union will cater to prominent cannabis operators and consumers globally. A dedicated website provides detailed merger information for shareholders.
Greenlane and KushCo have initiated proxy solicitations for their proposed merger, with shareholder meetings set for August 26, 2021. Greenlane's meeting is at 10:00 AM ET, followed by KushCo's virtual meeting at 12:00 PM ET. If approved, this merger will create a major ancillary cannabis company, projected to close in Q3 2021. Both companies' boards have unanimously endorsed the merger, highlighting its potential to serve top multi-state operators and enhance shareholder value. Investors are urged to read the joint proxy statement filed with the SEC.
Greenlane Holdings (NASDAQ:GNLN) and KushCo Holdings (OTCQX:KSHB) announced the expiration of the 30-day waiting period under the HSR Act, a significant milestone towards their proposed merger. The transaction is expected to close in Q3 2021, pending necessary approvals. KushCo's CEO expressed optimism regarding the merger's potential to unlock synergies and capitalize on market opportunities. The companies plan to provide detailed information to stockholders through a joint proxy statement.
Greenlane Holdings reported a strong start to Q1 2021 with total revenue of $34.0 million, a slight increase of 0.4% year-over-year. Core revenue, focusing on non-nicotine sales, grew 11.6% to $32.3 million, now accounting for 94.9% of total sales. The acquisition of Eyce and the merger agreement with KushCo are pivotal, contributing to a record $8.5 million in Greenlane branded sales. However, the company recorded a net loss of $7.7 million and a significant decrease in cash reserves to $12.3 million.
Greenlane Holdings (GNLN) announced its participation in the Canaccord Genuity Virtual Cannabis Conference on May 11, 2021. CEO Aaron LoCascio will present at 2:30 p.m. ET and will engage in small group and one-on-one meetings with investors throughout the day. The event highlights Greenlane's role as a leading seller of premium cannabis accessories and specialty vaporization products, serving over 8,000 retail locations globally. The conference represents an opportunity for investor engagement.
Greenlane Holdings, Inc. (NASDAQ: GNLN) has scheduled a conference call for May 18, 2021, at 8:30 a.m. ET, to discuss its first-quarter financial results ending March 31, 2021. The Company, a leading seller of premium cannabis accessories and vaporization products, will report results prior to the call.
Investors can access the conference via a dial-in number (833) 519-1285 and use conference ID 3068055. Replay options will be available until June 1, 2021. Greenlane serves over 8,000 retail locations globally, showcasing a strong market presence.
Greenlane Holdings (GNLN) and KushCo Holdings announce their enterprise leadership team following their proposed merger.
Nick Kovacevich will serve as CEO, while other key roles include Bill Mote as CFO and Aaron LoCascio as President. The leadership team aims to deliver revenue and cost synergies, enhance profitability, and maximize shareholder value.
The merger is expected to close by late Q2 or early Q3 2021, pending regulatory and stockholder approvals.
Greenlane Holdings and KushCo Holdings announced their leadership team following the planned merger, aimed at enhancing profitability and shareholder value. Nick Kovacevich will serve as CEO, with Bill Mote as CFO and Aaron LoCascio as President. The team also includes notable executives such as William Bine (COO) and Rhiana Barr (CPO). The merger is anticipated to conclude by late Q2 or early Q3 2021, pending regulatory approvals. This strategic move is positioned to create a leading ancillary cannabis company.
This press release details the merger agreement between Greenlane Holdings (NASDAQ: GNLN) and KushCo Holdings, marking a strategic consolidation in the cannabis ancillary sector. The deal is projected to yield over $250 million in pro forma revenue for 2020 and generate $15 to $20 million in cost synergies. The exchange ratio offers KushCo shareholders a 6.3% premium. The merger aims to enhance product offerings and expand market reach, with combined management expertise expected to drive growth, pending regulatory approvals.
Greenlane and KushCo have announced a merger agreement that will see KushCo become a wholly owned subsidiary of Greenlane. The transaction, expected to close in late Q2 or early Q3 2021, aims to create a leading ancillary cannabis company with a pro forma revenue exceeding $250 million for 2020. KushCo shareholders will receive approximately 0.2546 shares of Greenlane stock for each share they own, giving them about 49.9% of the combined entity. This merger is projected to yield $15-$20 million in annual cost-saving synergies and expand market opportunities across the cannabis supply chain.
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