Greenlane Holdings Cannabis Co. To Raise $32M Ahead Of Closing Merger With KushCo Holdings

Greenlane Holdings, Inc. (NASDAQ: GNLN) is looking to raise $32 million through a registered direct offering of its shares, priced at the market under NASDAQ rules.

The Boca Raton, Florida-based company, agreed to sell institutional investors some $10.13 million shares of its stock and warrants to buy up to 6.07 million shares of stock at $3.16 per share. In addition, warrants have a price of $3.55 per share and are exercisable within the next five years.

A.G.P./Alliance Global Partners agreed to serve as sole placement agent for the transaction, which …

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