KushCo Holdings Inc (OTCQX:KSHB) said it has begun to solicit investor proxies related to its previously-announced proposed merger with Greenlane Holdings Inc (NASDAQ:GNLN) (FRA:G67).
KushCo expects the merger to create a leading ancillary cannabis company serving a premier group of customers, including many of the leading multi-state operators and licensed producers, top smoke shops in the US and millions of consumers globally.
The merger is anticipated to close in the third quarter of 2021, pending approval from the majority of the shareholders of both KushCo and Greenlane.
READ: KushCo Holdings expects up to a 26% increase in its 3Q revenue driven by top customer sales
The two companies have also launched www.greenlanekushcotogether.com, a dedicated transaction website that consolidates the publicly available information on the pending merger for investors of both companies, including messages from both CEOs as well as a helpful section addressing frequently asked questions.
KushCo will hold a special meeting virtually on August 26, 2021 at 12:00 PM ET for its shareholders to vote to approve the merger agreement, while Greenlane will hold its merger vote on August 26, 2021 at 10:00 AM ET.
The transaction has been unanimously approved by the boards of directors for both Greenlane and KushCo, and by a special independent committee consisting entirely of Greenlane’s independent and disinterested directors, which was appointed by the Greenlane board of directors.
All KushCo and Greenlane shareholders of record as of July 1, 2021 will be mailed a copy of the joint proxy statement/prospectus.
California-based KushCo has established itself as a premier provider of ancillary products and services to the global cannabis and CBD industries. The company has been operating for more than 10 years, selling more than one billion units to growers, processors, producers, and brands across North America, South America, and Europe.
Contact Sean at sean@proactiveinvestors.com