KushCo Holdings Inc (OTCQX:KSHB) CEO Nick Kovacevich and CFO Stephen Christoffersen tell Proactive the group has reached a definitive merger agreement, under which KushCo will become a wholly owned subsidiary of Greenlane Holdings Inc (NASDAQ:GNLN). Kovacevich and Christoffersen say the merger establishes a leading ancillary cannabis company serving a premier group of customers, which includes many of the leading multi-state-operators (MSOs) and licensed producers, the majority of the top smoke shops in the US and millions of consumers. The deal is expected to generate some $15 million to $20 million of annual run-rate cost synergies within two years.
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