Greenlane completes acquisition of davinci, strengthening portfolio of higher-margin proprietary owned brands

Company's owned brands portfolio expands to nine higher-margin ancillary brands company reiterates targets of $70 million and $100 million for greenlane brands revenue for 2022 and 2023, respectively, with expected gross margins in excess of 45% boca raton, fl / accesswire / november 30, 2021 / 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 announced it has completed its previously announced acquisition of davinci, a leading developer and manufacturer of premium portable vaporizers. davinci is expected to generate approximately $12 million in sales with gross margins of 60% in 2021.
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