Greenlane Holdings Completes $25 Million Private Placement to Strengthen Financial Position

LOS ANGELES -Greenlane Holdings, Inc, a seller of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, has successfully closed a $25 million private placement. The offering, priced at $1.19 per Common Unit, was conducted in accordance with Nasdaq regulations.

Details of the Offering

The private placement involved the sale of 21,008,405 Common Units, each comprising:

• One share of Common Stock or one Pre-Funded Warrant

• One Series A PIPE Common Warrant, exercisable at $1.4875 per share, expiring five years post-stockholder approval

• One Series B PIPE Common Warrant, exercisable at $2.975 per share, expiring two and a half years post-stockholder approval

The transaction was finalized on February 19, 2025.

Use of Proceeds

Greenlane intends to allocate the net proceeds from this offering, along with existing cash reserves, towards:

• Repayment of existing debt

• General corporate purposes

• Working capital needs

This strategic move aims to enhance the company’s financial flexibility and support its long-term growth objectives.

Market Implications

While the infusion of capital is poised to strengthen Greenlane’s balance sheet, the issuance of new shares and warrants introduces potential dilution for existing shareholders. The company’s stock has experienced volatility, with a recent trading price of $0.7301, reflecting a decrease of approximately 3.81% from the previous close.