Lawsuit filed for Investors in shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) in connection with Takeover filed – Press Release

A lawsuit was filed by an investor of Greenlane Holdings, Inc. (NASDAQ: GNLN) in connection with the proposed takeover.

An investor, who currently hold shares of Greenlane Holdings, Inc. (NASDAQ: GNLN), filed a lawsuit in connection with the takeover of Greenlane Holdings, Inc. by KushCo Holdings, Inc.

Investors who purchased shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) and currently hold any of those NASDAQ: GNLN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

On March 31, 2021, Greenlane Holdings, Inc. (NASDAQ: GNLN) and KushCo Holdings, Inc. (OTCQX: KSHB) announced that they have entered into a merger agreement, pursuant to which KushCo Holdings, Inc. will become a wholly owned subsidiary of Greenlane Holdings, Inc. Under the terms of the Merger Agreement, KushCo Holdings, Inc.’s stockholders will receive approximately 0.2546 shares of Greenlane Holdings, Inc. Class A common stock for each share of KushCo Holdings, Inc. common stock (the “Base Exchange Ratio”), subject to adjustment as described below.

The majority stockholder of Greenlane Holdings, Inc., which is an affiliate of two directors of Greenlane Holdings, Inc., has already entered into a support agreement with Greenlane and KushCo, pursuant to which it has agreed to support and vote 100% of its voting power in favor of certain actions required to consummate the Transaction.

Shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) closed on April 12, 2021, at $5.63 per share.

Those who are current investors in Greenlane Holdings, Inc. (NASDAQ: GNLN) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

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