Greenlane to receive more than $4.8m in employee retention credit and jointly reduces more than $6.4m of existing debt

Boca raton, fl / accesswire / february 21, 2023 / 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, reduces its current loan facility by over 40% from $15m to approximately $8.5m, while also receiving more than $4.8m from the sale of its employee retention credit. greenlane is pleased to announce the influx of non-dilutive capital, as well as the corresponding voluntary paydown of its existing debt.
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