Greenlane and Kushco Disclose Commencement of Proxy Solicitation

BY: Chronic Staff | Recent News | July 14, 2021

Greenlane Holdings, Inc. and KushCo Holdings, Inc. announced on July 6th the commencement of the proxy solicitation in conjunction with the announcement in the past about the proposed merger.

If this is approved, the transaction will initiate a leading ancillary cannabis company that can serve a premier group of customers. If approved, the transaction is expected to close in the third quarter of 2021.

Premier group of customers include most of the leading multi-state operators and licensed producers, top smoke shops in the US, and millions of consumers globally.

Unanimously approved, the Transaction was taken into consideration by boards of directors of both Greenlane and KushCo with the special independent committee. The boards of directors of Greenlane and KushCo have recommended the stockholders vote “FOR” the Transaction.

An annual meeting for Greenlane will be held on August 26, 2021, at 10 AM ET for the shareholders to vote to approve the proposals. On the same date, KushCo will also hold a virtual meeting with shareholders to also approve the merger agreement.

Press release such as this is not deemed an offer to sell or solicit in order to purchase any shares of Greenlane common stock. The Greenlane Class A common stock is to be issued as consideration in the transaction is only offered by means of a joint proxy statement.