KushCo Holdings Inc receives stockholder approval to merge with Greenlane
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Cannabis Companies On The Move: Greenlane And KushCo Shareholders To Vote On Proposed Merger
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KushCo Holdings, Inc. (OTCQX:KSHB) are one step closer to finalizing their recent merger.
In March, the companies announced that KushCo had agreed to become a wholly-owned subsidiary of Greenlane under an all-stock deal.
On Tuesday, the companies reported the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the proposed merger. We welcome this latest development in the formation of the combined company and look forward to continued progress on the remaining steps required to complete the transaction, Nick Kovacevich, co-founder, chairman and CEO of KushCo, said. We are excited to begin our work together and to begin realizing the potential opportunities and proposed synergies provided by this transformational combination to accelerate and execute on the significant market opportunities in our evolving industry.
KushCo Holdings and Greenlane complete key regulatory condition for proposed merger
The transaction is expected to close in the third quarter of 2021, subject to the satisfaction or waiver of all remaining conditions The regulatory condition was the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act
KushCo Holdings Inc (OTCQX:KSHB) and Greenlane Holdings Inc (NASDAQ:GNLN) (FRA:G67) have announced the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in connection with their proposed merger.
In a statement, KushCo said the transaction is expected to close in the third quarter of 2021, subject to the satisfaction or waiver of all remaining conditions in the agreement, including the receipt of all necessary approvals.