Pryor Cashman Represents Greenlane in $48M Financing
Pryor Cashman represented Greenlane Holdings, LLC, a leading distributor of premium vaporization products and consumption accessories, in a $48.25 million convertible note financing, which closed January 7, 2019. The transaction included participation from leading global institutional investors.
Greenlane’s customers include over 6,400 independent smoke shops and regional retail chain stores, and hundreds of licensed cannabis cultivators, processors and dispensaries. The company also owns and operates two of the most visited North American direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com.
Read more about the deal here.
The Pryor Cashman Team
Partners Jeffrey Johnson, Co-Chair of Pryor Cashman’s Technology Group, and Eric Hellige, Co-Chair of the Corporate Group, advised Greenlane on the transaction, along with Associates Jennifer Wang and Bridget Henwood.
Tax counsel was provided by Partner Michael Dunworth and Associate Taylor Weinstein. Counsel Matthew Young advised Greenlane on various employment agreements.
