Greenlane announces closing of $6.5 million private placement priced at-the-market under nasdaq rules

Boca raton, fl / accesswire / august 13, 2024 / greenlane holdings, inc. ("greenlane" or the "company") (nasdaq:gnln), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the closing of a private placement with a single institutional investor for aggregate gross cash proceeds of $6.5 million, before deducting fees to the placement agent and other offering expenses payable by the company. the company intends to use the net proceeds from the private placement for working capital and general corporate purposes.
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