Greenlane Holdings, Inc. (NASDAQ:GNLN) is in a definitive agreement with one investor to purchase 21.6 million shares of its common stock and secures the purchase of 21.6 million shares of common stock at the purchase price of $0.25 per share in a registered offering.
And finally, its dependent systems
The Offer is expected to close on approximately 29 June 2022, subject to the fulfillment of customary closing conditions. The total proceeds from the offering is expected to be approximately $5.4 million. The Company intends to use the net proceeds of the Offering for general corporate purposes.
AGP/Alliance Global Partners acts as the sole underwriting agent for the offer.
Greenlane is the world's premiere platform for shoe, wheel, buttercup, e-cigarette and lifestyle accessories and accessories.
Established in 2005, Greenlane is its multifunctional service and service provider with more than 8,500 retail locations, including licensed cannabis dispensaries, retail stores, and specialty retailers. As a leading cannabis company, Greenlane is the partner of choice, Cookie, Grenco Science and CCELL.
The company owns and operates a variety of brands including EYCE silicone tubes, DaVinci vaporizers, pollen, K Haring Glass with high standards, Marley Natural, and VIBES.
Photo by Mackenzie Marco on Unsplash
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