Greenlane to merge with KushCo.

Greenlane, a seller of cannabis accessories, child-resistant packaging, and specialty vaporization products, agreed to merge with KushCo, a provider of ancillary products and services to the legal cannabis and CBD industries. The completion of the transaction is subject to applicable regulatory approvals, including by Nasdaq, in addition to certain customary closing conditions, as well as approval by holders of a majority of the shares held by the existing Greenlane stockholders. It is also subject to approval by a majority of KushCo shareholders. Financial terms were not disclosed. “Now, we have reached a critical time in our industry where the leading operators are increasingly looking to partner with companies in the ancillary space who can reliably support their rapid expansion for years to come. We greatly admire the product portfolio that the Greenlane team has built, and we are excited to work with them to cross-sell to our complementary customer bases and execute on the attractive growth opportunities ahead,” Nick Kovacevich, KushCo Co-founder, Chairman and CEO. On May 25, 2021, Greenlane and KushCo announced the expiration of the 30-day waiting period under HSR Act. The transaction is expected to close in the third quarter of 2021