Greenlane Announces Closing of $48.25 Million Convertible Note Financing
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan 7, 2019--Greenlane Holdings LLC (“Greenlane”), a leading distributor of premium vaporization products and consumption accessories, today announced the completion of a $48.25 million convertible note financing.
Cowen and Canaccord Genuity acted as placement agents for the financing, which included participation from leading global institutional investors. DLA Piper LLP (US) acted as legal counsel for Cowen and Canaccord Genuity in the financing. Pryor Cashman LLP and Morrison & Foerster LLP acted as legal counsel for Greenlane in the financing.
This press release is for informational purposes only and is not an offer to sell or a solicitation to purchase any securities.
Greenlane is a leading distributor of premium vaporization products and consumption accessories in the United States and has a growing presence in Canada. Greenlane’s customers include over 6,400 independent smoke shops and regional retail chain stores, which collectively operate an estimated 8,000 retail locations, and hundreds of licensed cannabis cultivators, processors and dispensaries. Greenlane also owns and operates two of the most visited North American direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com, which offer convenient, flexible shopping solutions directly to consumers. Through its expansive North American distribution network and e-commerce presence, Greenlane offers a comprehensive selection of premium vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. For additional information, please visit: https://gnln.com/.
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KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: CONVENIENCE STORE SUPPLY CHAIN MANAGEMENT RETAIL SPECIALTY TOBACCO
SOURCE: Greenlane Holdings LLC
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PUB: 01/07/2019 08:30 AM/DISC: 01/07/2019 08:30 AM