Greenlane and KushCo Complete Merger, Creating Leading Ancillary Cannabis Company and House of Brands


<![CDATA[BOCA RATON, Florida, September. 1, 2021 – PRESS RELEASE – Greenlane Holdings, Inc. and KushCo Holdings, Inc. announced the completion of their previously announced merger "the Transaction." The combined company, operating as Greenlane, brings together two of the pioneering cannabis ancillary product and service companies with more than 26 years of operating history to create an undisputed leader in the cannabis industry.The Company’s Class A common stock "Greenlane Shares" will continue to trade on the Nasdaq Global Market under the ticker symbol "GNLN." Each KushCo stockholder is entitled to receive 0.3016 of a Greenlane Share for each share of KushCo common stock held on Aug. 31, the transaction’s effective date. Holders of Greenlane Shares before the transaction completion will continue to hold their Greenlane Shares with no adjustment as a result of the transaction.KushCo’s common stock has ceased trading on the OTCQX effective as of the close of trading on Aug. 31.Management Commentary"I am proud to announce the successful closing of our transformative merger and would like to thank our combined teams for all of their hard work over the past few months," said Nick Kovacevich, Greenlane chief executive officer. "As we turn the page to an exciting new chapter as Greenlane, I am more confident than ever in our ability to build the industry’s leading ancillary cannabis company by leveraging our size, scale, strategy, and talent to take advantage of the significant growth opportunities that lie ahead. The substantial progress both companies have made in our combined 26 years of history positions us at the forefront of a rapidly evolving landscape. I look forward to the road ahead with our new colleagues and am excited to report our continued progress in the months and years to come.""I am thrilled by the strong support our customers, employees, and shareholders have shown…

Excerpt only …
Source : Greenlane and KushCo Complete Merger, Creating Leading Ancillary Cannabis Company and House of Brands

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.