Greenlane Holdings, Inc. Announces Closing of $25.0 Million Private Placement
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Greenlane Holdings, Inc. has completed a $25 million private placement of common stock and investor warrants, priced at $1.19 per unit, under Nasdaq rules.
February 19, 2025 | 7:30 pm
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Greenlane Holdings has successfully closed a $25 million private placement, issuing common stock and warrants at $1.19 per unit. This capital raise could provide the company with additional resources to expand its operations in the cannabis accessories market.
The successful closing of the $25 million private placement provides Greenlane Holdings with additional capital, which can be used for expansion or operational improvements. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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