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Greenlane Secures $15 Million Asset-Based Loan

Aug 11, 2022•over 3 years ago

Amount Raised

$15 Million

Boca RatonFashionE Commerce

Description

BOCA RATON, FL / August 11, 2022 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that it has closed on a $15 million asset-based loan. The loan is for a term of three years and will support Greenlane's strategic initiatives and working capital needs.

Company Information

Company

Greenlane Holdings

Location

Boca Raton, Florida, United States

About

Greenlane exists to elevate all elements of the consumption experience. Greenlane operates as a powerful house of brands and is the premier global platform for the development and distribution of premium cannabis accessories, packaging, vape solutions, and lifestyle products. We proudly own a diverse brand portfolio, producing high-quality and innovative products. As a pioneer in the cannabis space, Greenlane is the partner of choice as a third-party brand accelerator and omni-channel distribution platform for many of the industry’s leading multi-state operators, licensed producers, and brands. Greenlane envisions a world where humanity is free to enjoy mother nature’s magic.

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Funding Insights

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