Business
Greenlane and KushCo Announce Completion of a Key Regulatory Condition for Proposed Merger
Progress continues on transaction milestones with expiration of HSR waiting period for proposed merger, expected to close in the third quarter of 2021BOCA
About this update from Greenlane Holdings, Inc.
[{"type":"text","content":"Progress continues on transaction milestones with expiration of HSR waiting period for proposed merger, expected to close in the third quarter of 2021BOCA RATON, FL and CYPRESS, CA / ACCESSWIRE / May 25, 2021 / Greenlane Holdings, Inc. (\"Greenlane\") (NASDAQ:GNLN), and KushCo Holdings, Inc. (''KushCo'') (OTCQX:KSHB) today announced the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the \"HSR Act\") in connection with the previously announced proposed merger (the \"Transaction\"). The Transaction is expected to close in the third quarter of 2021, subject to the satisfaction or waiver of all remaining conditions in the agreement, including the receipt of all necessary approvals.\"We welcome this latest development in the formation of the combined company and look forward to continued progress on the remaining steps required to complete the Transaction,\" said Nick Kovacevich, KushCo's Co-founder, Chairman, and Chief Executive Officer. \"We are excited to begin our work together and to begin realizing the potential opportunities and proposed synergies provided by this transformational combination to accelerate and execute on the significant market opportunities in our evolving industry.\"About KushCo Holdings, Inc. KushCo Holdings, Inc. (OTCQX:KSHB) (www.kushco.com) is a premier provider of ancillary products and services to the legal cannabis and CBD industries. KushCo's subsidiaries and brands provide product quality, exceptional customer service, compliance knowledge and a local presence in serving its diverse customer base, which consists of leading multi-state-operators (MSOs), licensed producers (LPs), and brands.Founded in 2010, KushCo has now sold more than 1 billion units to growers, brand owners, processors and producers across North America, South America, and Europe, specializing in child-resistant compatible and fully customizable packaging, exclusive vape hardware and technology, and complementary solvents and natural products.As a pioneer in the industry, KushCo continues to work to create a positive impact on the environment, society, and community through CSR and ESG initiatives, such as: offering sustainable and compostable packaging; donating PPE supplies to healthcare workers on the frontline fighting the COVID-19 pandemic; partnering with organizations s...