Greenlane provides operational update and announces leadership changes to streamline and optimize business

Company achieved approximately $8 million of cost saving synergies for the four months following kushco merger; reiterates total cost saving synergies of $15 to $20 million within 24 months of closing aaron locascio to step down as president and remain as board member; adam schoenfeld to transition to chief marketing officer role with company eliminating chief strategy officer role company secures $8 million bridge loan from locascio to support organic growth initiatives boca raton, fl / accesswire / january 4, 2022 / greenlane holdings, inc. ("greenlane" or "the company") (nasdaq:gnln), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today provided an operational and integration update, as well as announced leadership changes to streamline the organization and optimize the cost structure of the business. operational and integration update greenlane is pleased to have achieved its synergies for the first four months following the closing of its merger with kushco holdings, inc. ("kushco") in august 2021.
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