Greenlane Completes Acquisition of DaVinci, Strengthening Portfolio of Higher-Margin Proprietary Owned Brands
Greenlane Holdings, Inc. - Class A (GNLN)
Last greenlane holdings, inc. - class a earnings: 3/30 07:13 am
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Source: Accesswire
Company's Owned Brands Portfolio Expands to Nine Higher-Margin Ancillary BrandsCompany Reiterates Targets of $70 Million and $100 Million for Greenlane Brands Revenue for 2022 and 2023, Respectively, with Expected Gross Margins in Excess of 45%BOCA RATON, FL / ACCESSWIRE / November 30, 2021 / Greenlane Holdings, Inc. ("Greenlane" or "the Company") (NASDAQ:GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it has completed its previously announced acquisition of DaVinci, a leading developer and manufacturer of premium portable vaporizers.DaVinci is expected to generate approximately $12 million in sales with gross margins of 60% in 2021. The acquisition is expected to be immediately accretive to Greenlane's revenue and earnings. Total consideration for the acquisition will be up to $20 million, comprised of both cash and stock, depending on the achievement of cer
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News
- Greenlane Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) [Yahoo! Finance]Yahoo! Finance
- Greenlane Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)Accesswire
- Charging Corridors, Stations Will Support Heavy-Duty EV Trucks [Yahoo! Finance]Yahoo! Finance
- Greenlane Announces 280-mile Corridor of Commercial EV Charging Stations from Los Angeles to Las Vegas [Yahoo! Finance]Yahoo! Finance
- Greenlane Renewables Announces Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
GNLN
Earnings
- 8/15/23 - Miss
GNLN
Sec Filings
- 4/23/24 - Form 8-K
- 4/1/24 - Form NT
- 3/27/24 - Form 8-K
- GNLN's page on the SEC website