Greenlane Enters Into Strategic Packaging Partnership With Marijuana Packaging

Greenlane Holdings, Inc. GNLN announced a strategic partnership with A&A Global Imports d/b/a MarijuanaPackaging.com ("MJ Pack").

Consistent with the partnership, MJ Pack will become Greenlane's strategic partner to continue providing and enhancing packaging solutions for Greenlane and MJ Pack customers. The partnership will also provide working capital to Greenlane and allow the company to continue investing in its growing higher-margin consumer products business. This partnership allows Greenlane to complete a key warehouse consolidation and continue cost-saving initiatives estimated to be over $3 million annually.

"We are excited about the partnership with MJ Pack, one of the strongest and longest-standing industry packaging providers," stated Craig Snyder, CEO of Greenlane. "Most importantly, this partnership will create a smooth and seamless transition for our customers, where they can continue to purchase the high quality and proprietary packaging solutions that they have been accustomed to doing through Greenlane. Secondly, this partnership will bring in capital to Greenlane, allowing us to continue investing in our growing higher-margin consumer products business."

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