Business
Greenlane Enters Into Agreement with Jamestown for Strategic North American Expansion of Higher Standards Retail Stores
Following Success of Flagship Higher Standards Stores, Partnership to Drive North American Expansion of First-of-its-Kind Retail Concept BOCA RATON, Fla.,
About this update from Greenlane Holdings, Inc.
[{"type":"text","content":"Following Success of Flagship Higher Standards Stores, Partnership to Drive North American Expansion of First-of-its-Kind Retail Concept\nBOCA RATON, Fla., Sept. 12, 2019 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (Nasdaq: GNLN) (“Greenlane”), one of the largest global sellers of premium cannabis accessories, CBD and liquid nicotine products, today announced a tenant representation agreement with Jamestown for the strategic North American expansion of its Higher Standards stores.\n\n \n \n \n \n \n \n \n \n \n \n \n Higher Standards Flagship Store in Atlanta’s Popular Ponce City Market\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Higher Standards Flagship Store in New York City’s Famed Chelsea Market\n \n \n \n \n \n \n \n \n\n Higher Standards, Greenlane’s innovative retail experience, opened its first flagship store at New York City’s famed Chelsea Market (formerly owned by Jamestown) in December 2017, followed by a second flagship store at Jamestown’s Ponce City Market in Atlanta in March 2019. A first-of-its-kind concept shop, Higher Standards is a contemporary take on a luxury smoke shop offering a carefully curated product selection, featuring premium smoking accessories and lifestyle goods from Greenlane’s proprietary house brands, including Higher Standards and Marley Natural, as well as partner brands such as Jonathan Adler, Malin+Goetz, Davinci, LEVO, PAX, Banana Bros and Storz & Bickel. Jamestown is a leading real estate investment and management company recognized internationally for its adaptive reuse projects. Greenlane and Jamestown collaborated on the site location, design and development of the flagship Higher Standards stores in New York City and Atlanta. This partnership will drive further strategic expansion of the Higher Standards retail concept in key North American markets. Greenlane expects to have four Higher Standards stores operational in North America by year-end, with plans for continued domestic and international expansion. “Jamestown has been instrumental in establishing our Higher Standards flagship locations and we are excited to extend our partnership as we bring this concept to more connoisseurs throughout North America,” said Sasha Kadey, Chief Marketing Officer of Greenlane and Co-Founder of Higher Standards. “The flagship Higher Standards stores have performed exceptionally well as consu...