Greenlane announces leadership changes and plans to capitalize business and accelerate path to profitability

Headcount reductions, exclusive of anticipated pre-announced merger synergies, expected to result in approximately $8 million in additional annual cost savings craig snyder appointed as new chief commercial officer, responsible for the company's sales and "go-to-market" strategy company intends to sell non-core assets, dispose of low-margin inventory, and secure asset-based loan to capitalize the business and increase liquidity boca raton, fl / accesswire / march 10, 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 announced leadership changes and plans to capitalize the business and accelerate the company's path to profitability, as well as provided preliminary financial results for its fourth quarter and full year ended december 31, 2021. corporate plans to reduce cost structure and increase liquidity as part of its ongoing cost-cutting initiatives to accelerate the path to profitability, greenlane completed a reduction in force, which the company expects will result in approximately $8.0 million in annualized cash compensation cost savings.
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