Sichenzia Ross Ference Carmel LLP represents Greenlane Holdings, Inc. in a $6.5 Million Private Placement

Press Release – New York, NY – August 14, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Greenlane Holdings, Inc. (NASDAQ:GNLN) (“Greenlane” or the “Company”), a premier global platform for the development and distribution of premium cannabis accessories, packaging, vape solutions, and lifestyle products, in the closing of a $6.5 million private placement before deducting fees to the placement agent and other offering expenses payable by the company. 

The Company issued an aggregate of 2,363,637 units and pre-funded units. The pre-funded units will be sold at the same purchase price as the units, less the pre-funded warrant exercise price of $0.001. Each unit and pre-funded unit consisted of one share of common stock (or one pre-funded warrant) and two common warrants, each exercisable for one share of common stock at an exercise price of $2.50 per share. The common warrant will be exercisable on the initial exercise date described in the common warrant and will expire 5 years from such date.

Aegis Capital Corp. acted as the Exclusive Placement Agent for the private placement.

The SRFC team was led by partner Arthur Marcus, associate Jesse Blue, and Paralegal Kennedy McCann