Greenlane, KushCo Merge
Global house of brands Greenlane Holdings, Inc. and ancillary products and services provider KushCo Holdings, Inc. merged in March. As part of the transaction that combined two ancillary companies with more than twenty-five years of combined operational history, KushCo became a wholly owned subsidiary of Greenlane. The merged company expects to generate more than $310 million in revenue in 2021.
“As an industry leader, the combined company will be well positioned to grow profitability and maximize value for all stockholders, while also providing enhanced product offerings and expanded ancillary services to our valued customer bases,” said KushCo co-founder and Chief Executive Officer Nick Kovacevish.
Flower One Issues Common Shares
Under the terms a loan modification agreement, Nevada-based cultivator and producer Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF) (FSE: F11) issued 1,996,742 common shares to Delaware limited liability company RB Loan Portfolio II, LLC, and its respective loan participants.
Dynaleo Inc. Completes Oversubscribed Equity Financing
Canadian manufacturer Dynaleo Inc. completed a non-brokered $9.7 million offering of class A common shares.
“We have raised over $25 million since our inception and we are grateful for the support from our investors that continue to see the tremendous opportunity that lies ahead of us,” said Dynaleo Executive Chairman Michael Krestell. “Our main priority is to develop and manufacture products that consumers will deeply enjoy and trust, but behind the scenes, this requires complex supply chain management and the ability to navigate the highly regulated Canadian retail channel. Our recent financing provides us with all of the necessary liquidity to achieve our goals.”
Eden Empire Completes First Tranche Closing of Non-Brokered Private Placement
Eden Empire Inc. (CSE: EDEN), a Canadian retailer, closed the first tranche of its previously announced $1,000,000 private placement. The first tranche consisted of