Greenlane Prices $6.5M Private Placement Priced At-The-Market
Portfolio Pulse from Benzinga Newsdesk
Greenlane Holdings, Inc. (NASDAQ:GNLN) has announced a $6.5 million private placement with a single institutional investor. The proceeds will be used for working capital and general corporate purposes.
August 12, 2024 | 7:56 pm
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Greenlane Holdings has secured $6.5 million through a private placement, which will be used for working capital and general corporate purposes.
The infusion of $6.5 million will provide Greenlane Holdings with additional liquidity for working capital and general corporate purposes, which is likely to be viewed positively by investors in the short term.
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