Business
Greenlane Announces Strategic Packaging Partnership with Marijuana Packaging
BOCA RATON, FL / ACCESSWIRE / April 6, 2023 / Greenlane Holdings, Inc. ("Greenlane" or "the Company") (NASDAQ:GNLN), one of the largest global sellers of
About this update from Greenlane Holdings, Inc.
[{"type":"text","content":"BOCA RATON, FL / ACCESSWIRE / April 6, 2023 / 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 a strategic partnership with A&A Global Imports d/b/a MarijuanaPackaging.com (\"MJ Pack\"), a leading provider of packaging solutions to the cannabis industry.Consistent with the partnership, MJ Pack will become Greenlane's strategic partner to continue providing and enhancing packaging solutions for Greenlane and MJ Pack customers. The partnership will also provide working capital to Greenlane and allow the Company to continue investing in its growing higher-margin consumer products business. This partnership allows Greenlane to complete a key warehouse consolidation and continue cost-saving initiatives estimated to be over $3M annually.\"We are excited about the partnership with MJ Pack, one of the strongest and longest-standing industry packaging providers,\" said Craig Snyder, CEO of Greenlane. \"Most importantly, this partnership will create a smooth and seamless transition for our customers, where they can continue to purchase the high quality and proprietary packaging solutions that they have been accustomed to doing through Greenlane. Secondly, this partnership will bring in capital to Greenlane, allowing us to continue investing in our growing higher-margin consumer products business.\"David Aryan, CEO of MJ Pack, said, \"We have enjoyed a friendly, yet competitive, relationship with the folks at Greenlane for over a decade. We are honored to become their partner on the packaging business moving forward. We look forward to providing our exceptional service to Greenlane customers in the coming months and years as they transition to purchasing goods from MJ Pack, and we are thrilled that continuity and consistency will remain for these customers as they can purchase the existing Greenlane portfolio of products on an ongoing basis. The added customer base and scale will further MJ Pack's leading position as the cannabis industry's provider of choice for rigid packaging, accessories, and other hard goods.\"About Greenlane Holdings, Inc.Greenlane is the premier global platform for the development and distribution of premium cannabis accessories, packaging, vape ...