Greenlane and KushCo complete transformative merger
On September 1, 2021, Greenlane Holdings, Inc. (“Greenlane”) and KushCo Holdings, Inc. (''KushCo'') announced the completion of their previously announced merger.
Under the terms of the revised merger agreement, KushCo’s stockholders received approximately 0.3016 shares of Greenlane Class A common stock for each share of KushCo common stock held on August 31, 2021, the effective date of the transaction.
The Class A common stock of the combined company, operating as Greenlane, will continue to trade on the Nasdaq Global Market under the ticker symbol “GNLN”.
Further information can be found on Globe Newswire’s website.
KushCo is a premier provider of ancillary products and services to the legal cannabis and CBD industries. Its subsidiaries and brands provide product quality, exceptional customer service, compliance knowledge and a local presence in serving its diverse customer base, consisting of leading multi-state-operators (MSOs), licensed producers (LPs), and brands.
Greenlane is a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products to smoke shops, dispensaries, and specialty retail stores, as well as direct to consumer through its online e-commerce platform, vapor.com. Greenlane serves more than 8,000 retail locations and has over 250 employees with operations in United States, Canada, and Europe.
Canaccord Genuity is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets.