BOCA RATON, Fla. & CYPRESS, Calif.–(Business WIRE)–Greenlane Holdings, Inc. (“Greenlane”) (Nasdaq: GNLN), and KushCo Holdings, Inc. (”KushCo”) (OTCQX: KSHB) currently declared the expiration of the 30-day waiting around interval beneath the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with the previously introduced proposed merger (the “Transaction”). The Transaction is expected to shut in the third quarter of 2021, subject matter to the satisfaction or waiver of all remaining problems in the arrangement, including the receipt of all essential approvals.
“We welcome this latest development in the development of the combined organization and seem forward to continued development on the remaining techniques necessary to complete the Transaction,” stated Nick Kovacevich, KushCo’s Co-founder, Chairman, and Main Govt Officer. “We are excited to begin our operate collectively and to start out knowing the possible chances and proposed synergies provided by this transformational blend to speed up and execute on the important market opportunities in our evolving sector.”
About KushCo Holdings, Inc.
KushCo Holdings, Inc. (OTCQX: KSHB) (www.kushco.com) is a leading provider of ancillary merchandise and providers to the authorized cannabis and CBD industries. KushCo’s subsidiaries and brand names give product good quality, excellent client company, compliance understanding and a local existence in serving its assorted purchaser foundation, which consists of foremost multi-condition-operators (MSOs), certified producers (LPs), and brand names.
Started in 2010, KushCo has now bought much more than 1 billion units to growers, brand name homeowners, processors and producers across North The usa, South The united states, and Europe, specializing in kid-resistant compatible and totally customizable packaging, exceptional vape components and technologies, and complementary solvents and natural merchandise.
As a pioneer in the field, KushCo proceeds to operate to create a constructive impression on the natural environment, modern society, and local community as a result of CSR and ESG initiatives, such as: giving sustainable and compostable packaging donating PPE supplies to health care personnel on the frontline battling the COVID-19 pandemic partnering with corporations this kind of as Mission Green to give social fairness packages for marketplace inclusion getting a person of the 1st in the industry to award compensated time-off for all employees on November 3, 2020 (“Election Day”) and performing to include market-major company governance techniques and a far more varied board makeup.
For extra information and facts on KushCo’s commitment to CSR and ESG initiatives, be sure to go to the Company’s #KushCares page at www.kushco.com/kushcares.
KushCo has been highlighted in media nationwide, together with CNBC, Fox Information, Yahoo Finance, Cheddar, Los Angeles Periods, TheStreet.com, and Entrepreneur, Inc Magazine. For additional facts, check out www.kushco.com or connect with (888) 920-5874.
About Greenlane Holdings, Inc.
Greenlane Holdings, Inc. (NASDAQ: GNLN) is a international property of manufacturers and just one of the most significant sellers of top quality cannabis equipment, boy or girl-resistant packaging, and specialty vaporization products to smoke outlets, dispensaries, and specialty retail shops, as nicely as direct to consumer by its on the net e-commerce system, vapor.com. Launched in 2005, Greenlane serves additional than 8,000 retail areas and has above 250 employees with functions in United States, Canada, and Europe. With a potent world-wide footprint, Greenlane has been the partner of selection for lots of of the industry’s leading brands, who selected to leverage its powerful distribution system, unparalleled customer provider, and hugely successful functions and logistics to accelerate their growth. Greenlane’s curated portfolio of owned brand names includes EYCE, packaging innovator Pollen Gear™, VIBES™ rolling papers, Marley Natural™ Add-ons K.Haring Glass Assortment, Aerospaced grinders, and Larger Expectations which features both equally an upscale solution line as well as an impressive retail encounters with flagship suppliers located in Chelsea Marketplace, New York and Malibu, California.
For additional facts, you should take a look at: https://gnln.com/.
Cautionary Assertion Relating to Ahead-Seeking Statements
This communication features ahead-wanting statements. These ahead-seeking statements frequently can be recognized by phrases these kinds of as “will,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words and phrases or phrases of similar import. These statements are primarily based on current anticipations, estimates and projections about the marketplace, markets in which Greenlane and KushCo function, management’s beliefs, assumptions produced by administration and the transactions described in this conversation. When Greenlane’s and KushCo’s administration thinks the assumptions underlying the forward-wanting statements and information are sensible, these kinds of data is automatically matter to uncertainties and may include sure challenges, numerous of which are tough to forecast and are outside of management’s command. These threats include things like, but are not restricted to: (1) the event of any event, modify or other circumstances that could give rise to the termination of the Merger Settlement (2) the result of any legal proceedings that may be instituted from the parties and some others following announcement of the Merger Agreement (3) the incapacity to consummation the Transaction thanks to the failure to acquire the requisite stockholder approvals or the failure to satisfy other conditions to completion of the Transaction (4) dangers that the proposed Transaction disrupts current designs and operations of Greenlane and/or KushCo (5) the skill to figure out the anticipated advantages of the Transaction and (6) the amount of the fees, costs, costs and rates similar to the Transaction and the other risks and important variables contained and recognized in Greenlane’s and KushCo’s filings with the SEC, this kind of as their respective most the latest Once-a-year Stories on Type 10-K, any of which could lead to real results to vary materially from the ahead-hunting statements in this interaction.
There can be no assurance that the Transaction will in reality be consummated on the predicted timeline or at all. We warning buyers not to unduly count on any forward-wanting statements. The forward-searching statements discuss only as of the date of this push launch. Neither Greenlane nor KushCo is underneath any duty to update any of these forward-looking statements following the date of this communication, nor to conform prior statements to real outcomes or revised expectations, and neither Greenlane nor KushCo intends to do so.
Vital Information and facts for Buyers and Stockholders
In link with the proposed Transaction, Greenlane expects to file with the SEC a registration assertion on Form S-4 that will consist of a joint proxy statement of Greenlane and KushCo that also constitutes a prospectus of Greenlane, which joint proxy statement will be mailed or or else disseminated to Greenlane’s and KushCo’s respective stockholders when it gets readily available. Greenlane and KushCo also prepare to file other related paperwork with the SEC pertaining to the proposed Transaction. INVESTORS ARE URGED TO Read THE JOINT PROXY Statement/PROSPECTUS AND OTHER Appropriate Documents Filed WITH THE SEC IF AND WHEN THEY Turn into Readily available, Simply because THEY WILL Comprise Important Info.
Buyers and security holders may perhaps obtain free copies of the registration statement and the joint proxy statement/prospectus (if and when it turns into available) and other suitable paperwork submitted by Greenlane and KushCo with the SEC at the SEC’s web-site at www.sec.gov. Copies of the documents submitted by the organizations will be out there totally free of cost on their respective internet sites at www.gnln.com and www.kushco.com.
Individuals in Solicitation
Greenlane, KushCo and their respective administrators and executive officers may perhaps be viewed as participants in the solicitation of proxies in relationship with the proposed transaction. Information about the directors and executive officers of Greenlane is set forth in its proxy statement for its 2020 annual assembly of stockholders, which was filed with the SEC on April 24, 2020. Details about the directors and government officers of KushCo is established forth in its proxy statement for its 2021 once-a-year conference of stockholders, which was filed with the SEC on December 28, 2020. These documents can be received free of charge of charge from the resources indicated over. More data concerning the members in the proxy solicitations and a description of their direct and oblique passions, by stability holdings or otherwise, will be contained in the joint proxy statement/prospectus and other applicable resources to be filed with the SEC when they become offered.
No Offer you or Solicitation
This communication is not meant to and shall not constitute an provide to promote or the solicitation of an give to promote or the solicitation of an supply to buy any securities or a solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which this sort of supply, solicitation or sale would be illegal prior to registration or qualification beneath the securities regulations of any these jurisdiction. No provide of securities shall be manufactured except by signifies of a prospectus conference the prerequisites of Part 10 of the Securities Act of 1933, as amended.