Bullboard - Stock Discussion Forum Greenlane Holdings Inc GNLN

Consumer Defensive Food Distribution

Greenlane Holdings, Inc. is a holding company. The Company provides a global platform for the development and distribution of cannabis accessories, vape devices, and lifestyle products. The Company operates through two segments: Consumer Goods and Industrial Goods. The Consumer Goods segment focuses on serving consumers across wholesale, retail and e-commerce operations through both its brands,... see more

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Greenlane Holdings Inc > Greenlane: Canaccord’s Take On The KushCo Merger

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Post by AwareInvestor on Apr 06, 2021 11:52am

Greenlane: Canaccord’s Take On The KushCo Merger

On March 31st, Greenlane Holdings announced their fourth quarter and full-year financial results. Additionally, they announced that they would be merging with KushCo Holdings to create “the leading ancillary cannabis company and house of brands.”

For the financial results, the company announced full-year revenue of $138.3 million, down from the $185 million they made in 2019. The company tries to make the news release as great sounding as possible, but with no luck as they highlight odd segments to intentionally show growth.

Onto their merger with KushCo, the company is paying a premium of ~6% on KushCo shares but will barely retain control over the resulting company with a 50.1% ownership and KushCho owning 49.9% of the company. The company announced that they expect $15-20 million in cost synergies within the first two years.

https://thedeepdive.ca/greenlane-canaccords-take-on-the-kushco-merger/

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