Business
Greenlane Enters into Agreement to Distribute Greenlane Brands in Puerto Rico
BOCA RATON, FL / ACCESSWIRE / October 25, 2022 / 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 / October 25, 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 it has entered into a three-year distribution agreement with GreenDirect, LLC to distribute its proprietary portfolio of owned brands (the \"Greenlane Brands\") in Puerto Rico.Under the terms of the agreement, Greenlane has granted GreenDirect: (a) the exclusive right to promote, market, distribute, and sell the Greenlane Brands to retailers for resale in Puerto Rico for an initial term of three years; (b) as part of the agreement, GreenDirect also has been granted the non-exclusive right to sell certain partner brand products.\"With this partnership we are excited to expand into the ever-growing Puerto Rico market,\" said Craig Snyder, President of Greenlane. \"As a premium accessory and specialty vaporization focused company, we are able to efficiently and widely offer our products to emerging markets globally. Our partnership with GreenDirect, who knows the ins and outs of the local market, enables us to provide our products without the necessity of building our own operations in this market. This partnership represents Greenlane's strategy to scale our brands in this region now and into the future.\"\"As full-fledged advocates, our passion for this industry drives us,\" said Genaro Ramos, COO of GreenDirect. \"At GreenDirect we're extremely proud to partner with Greenlane to work towards leaving a positive and broader footprint in the Puerto Rico market.\"About Greenlane Holdings, Inc.Greenlane is the premier global platform for the development and distribution of premium cannabis accessories, packaging, vape solutions, and lifestyle products. We operate as a powerful family of brands, third-party brand accelerator, and omni-channel distribution platform, providing unparalleled product quality, customer service, compliance knowledge, and operations and logistics to accelerate our customers' growth.As a pioneer in the cannabis space, Greenlane has an incredible acumen for detecting opportunities in the marketplace. We proudly own and operate a diverse brand portfolio including DaVinci Vaporizers, Pollen Gear™,Higher Standards, Groove, and Eyce. Additional...