Greenlane Announces CEO Share Purchase

BOCA RATON, FL / ACCESSWIRE / August 13, 2024 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the world’s leading marketers of high-quality marijuana accessories, child-resistant packaging and specialty vaping products, today announced that its Chief Executive Officer, Barbara Sher, purchased 12,500 shares of Greenlane common stock (the “Common Stock”) in the open market between August 5, 2018 and August 25, 2019.^t and August 9^t at an average price of $2.66 per common share. The purchase of common shares by the Company’s Chief Executive Officer reflects his confidence in the intrinsic value of the shares and the Company’s near-term and long-term growth prospects

About Greenlane Holdings, Inc.

Founded in 2005, Greenlane is a leading global platform for developing and distributing premium smoking accessories, vaporizers, and lifestyle products to thousands of manufacturers, processors, specialty retailers, tobacconists, convenience stores, and consumer retailers. We operate as a powerful family of brands, a third-party brand accelerator, and an omni-channel distribution platform.

We proudly offer our own diverse portfolio of brands and our exclusive licensed products from the Marley Natural and K.Haring brands. We also offer a carefully curated set of third-party products through our direct sales channels and our proprietary, owned and operated e-commerce platforms, which include Vapor.com, PuffItUp.com, HigherStandards.com, Wholesale.Greenlane.com and MarleyNaturalShop.com.

For additional information, please visit: https://investor.gnln.com. For additional information, please visit: https://gnln.com/.

Forecast statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Greenlane and other matters. All statements in this press release that are not historical statements should be considered forward-looking statements. In some cases, you can identify forward-looking statements by the terms “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “considers,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. Greenlane has based these forward-looking statements largely on its current expectations and projections of future events and financial trends that it believes could affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section in Greenlane’s Annual Report on Form 10-K filed for the year ended December 31, 2023, and in the Company’s other filings with the SEC, which can be obtained on the SEC’s website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, we encourage you to read any further disclosures we make on related topics in our public announcements and filings with the SEC.

Contact for investors:

[email protected]

TraDigital IR
Kevin McGrath
+1-646-418-7002
[email protected]

SOURCE: Greenlane Holdings, Inc.

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