Morrison & Foerster represented Greenlane Holdings, Inc. (“Greenlane”) (Nasdaq: GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, in the completion of its previously announced merger with KushCo Holdings, Inc., a premier provider of ancillary products and services to the legal cannabis and CBD industries. The transaction closed on August 31, 2021. The combined company’s Class A common stock will continue to trade on the Nasdaq Global Market under the ticker symbol “GNLN.”
The combined company, operating as Greenlane, brings together two of the pioneering cannabis ancillary product and services companies with more than 26 years of operating history to create an undisputed leader in the cannabis industry. Greenlane expects the transaction to yield a number of important strategic synergies and financial benefits allowing for enhanced scale and rapid growth, and will serve a premier group of customers, which includes many of the leading multi-state-operators and licensed producers, the majority of the top smoke shops in the United States, and millions of consumers worldwide.
The MoFo team advising Greenlane was led by corporate partners David Slotkin (Washington, D.C.), Erik Knudsen (Denver), and Justin Salon (Washington, D.C.), corporate of counsel Kevin Madden (Boston), and corporate associates John Hensley (Washington, D.C.), Thomas Webb (Washington, D.C.), and Astrid Muharram (Denver). The wider team included antitrust partner Vishal Mehta and associates Alexa DiCunzolo and Haydn Forrest (all Washington, D.C.), executive compensation partner Amanda Hines Gold and associate John O’Neill (both San Francisco), securities litigation partners Joel Haims and Michael Birnbaum (both New York) and associate Adam Rosenberg (Washington, D.C.), and tax partner Anthony Carbone, of counsel Dave Sturgeon, and associate Harris Cornell (all New York).