goldshore cbd

Goldshore cbd

Greenlane Holdings, Inc a leading seller of cannabis accessories said it has completed a previously announced merger with KushCo Holdings, Inc, an American provider of packaging, containers, and other ancillary products for the cannabis industry.

Greenlane Holdings, Inc. (NASDAQ: GNLN) is a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging and specialty vaporization products to smoke shops, dispensaries and specialty retail stores, as well as direct to consumer through its online e-commerce platform, Founded in 2005, Greenlane serves more than 8,000 retail locations and has over 250 employees with operations in the United States, Canada and Europe. With a strong global footprint, Greenlane has been the partner of choice for many of the industry’s leading brands, who chose to leverage its strong distribution platform, unparalleled customer service and highly efficient operations and logistics to accelerate their growth. Greenlane’s curated portfolio of owned brands includes EYCE™️, packaging innovator Pollen Gear™, VIBES™ rolling papers, Marley Natural™ Accessories, K.Haring Glass Collection, Aerospaced grinders and Higher Standards which offers both an upscale product line as well as an innovative retail experiences with flagship stores located in Chelsea Market, New York and Malibu, California.

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What management says

Greenlane Holdings Inc told investors that its preliminary financial data for its third quarter reflects approximately one month of combined operations following its successful merger with KushCo Holdings Inc which was completed on August 31, 2021.

During Greenlane’s most recently reported quarter (3Q 2021), the company generated record revenue of $41.3 million and that momentum is expected to continue. Greenlane CEO Nick Kovacevich is the co-founder and former CEO of KushCo, which grew, under his leadership, from less than $2 million in annual revenue to achieving nearly $115 million in sales during fiscal 2020, with operations in multiple states and countries.

How it is doing

Kovacevich says this is driven primarily by an increase in sales to the company’s top 25 customers that include leading multi-state operators, licensed producers, and brands. He adds there is a ‘huge’ pipeline of more US states legalizing cannabis, which will continue to add growth to KushCo’s business.

Kovacevich talked to Proactive about the benefits of the company’s recent merger and outlined Greenlane’s growth plans.

Step out drilling has begun: Drilling has begun testing step out targets aiming to expand the deposit beyond the strike of the current mineralization envelope. This drilling will run concurrently with the resource development drilling of the main deposit.

Table 2: Location of drill holes in this press release

Figure 1: Location map showing Goldshore's Moss Lake Project relative to the Shebandowan Greenstone Belt

Brett Richards, President and Chief Executive Officer of Goldshore commented: "The intersection of several +1 g/t Au zones, essentially from surface, reaffirms our view that the Moss Lake Gold Project contains a significant volume of +1 g/t Au mineralization that can underpin a meaningful update to the historic 2013 preliminary economic assessment later this year. The fact that we are continuing to intersect gold mineralization outside of the volume modelled in 2013, also affirms our belief that the deposit is significantly larger than previously interpreted."