Business
Greenlane Announces Leadership Changes to Support Path to Profitability
Company announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)BOCA RATON, FL / ACCESSWIRE / December 6, 2022 / Greenlane Holdings, Inc. ("Greenlane"
About this update from Greenlane Holdings, Inc.
[{"type":"text","content":"Company announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)BOCA RATON, FL / ACCESSWIRE / December 6, 2022 / Greenlane Holdings, Inc. (\"Greenlane\" or the \"Company\") (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, announced today that Lana Reeve will be the Company's new Chief Financial and Legal Officer. Ms. Reeve brings over 25 years of experience in senior legal and finance roles at both large and small and public and private companies.Among her recent roles, Reeve served as President and Chief Legal Officer at Authentys, Inc., Senior Vice President, Legal M&A at RealPage, Inc. (NASDAQ:RP), and Executive Vice President, Finance and Legal, and Chief Legal Officer at NWP Services Corporation. \"I'm incredibly excited to join Greenlane during this phase in its growth trajectory,\" said Reeve, \"By drawing on my experience leading successful legal and finance teams, I am thrilled to support Greenlane's future growth plans through the renewed focus on strong financial and legal strategy and practices\". In addition to leading strong legal and finance organizations, Reeve's extensive experience includes, leading the successful charge on multiple industry changing pieces of legislation; successfully and consequentially refinancing debt obligations; restructuring financial strategy and budgeting processes; and leading and managing multiple successful mergers and acquisitions with a strong focus on integration strategy and planning.\"We are excited to have Lana join us in our transformation to a lean, profitable consumer business. Lana's experience and skillset aligns well with the current and future demands of our business and her achievements are a perfect fit for what we look to accomplish. As we become a more effective and efficient team, Lana is a unique leader whose depth of experience and knowledge will allow her to significantly impact the organization in several key areas, including finance, legal, and human resources,\" said Craig Snyder, current President, and incoming CEO.Reeve's skillset effectively spans both finance and legal leadership, greater efficiency in our team structure and the elimination of one executive role. The Company's Compensation Committee approved a grant of 50,000 restricted shares of the C...