Greenlane to acquire DaVinci.

Greenlane, a global house of brands and seller of premium cannabis accessories, agreed to acquire DaVinci, a developer and manufacturer of premium portable vaporizers. Financial terms were not disclosed. "DaVinci leads the way in innovative portable vaporizers and we are thrilled to bring them into our owned brand portfolio. This acquisition perfectly illustrates our mission of elevating all elements of the consumption experience, and we look forward to building on our recent success of acquiring strategic and accretive brands. As we continue to execute on our robust pipeline of acquisition targets, we aim to ensure our customers have a best-in-class product selection, while driving profitability and shareholder value by increasing our higher-margin owned brand offerings," Nick Kovacevich, Greenlane CEO.