Brief: Greenlane Holdings Inc Entered Into A Secured Loan Pursuant To A Loan And Security Agreement

Greenlane Holdings

28/09/2023 23:09

Sept 28 (Reuters) - Greenlane Holdings Inc  GNLN.O :
    * GREENLANE HOLDINGS INC - ON SEPTEMBER 22, ENTERED INTO A
SECURED
LOAN PURSUANT TO A LOAN AND SECURITY AGREEMENT
    * GREENLANE HOLDINGS INC - PURSUANT TO LOAN AGREEMENT,
LENDER
AGREED TO MAKE AVAILABLE TO COMPANY A SIX-MONTH BRIDGE LOAN OF
$2.2 MILLION IN NEW FUNDS
    * GREENLANE HOLDINGS INC - LENDER AGREED TO DEFER PAYMENTS
TOTALING $2 MILLION ALREADY OWED BY COMPANY UNDER EXISTING
PAYMENT OBLIGATIONS
    * GREENLANE HOLDINGS-LENDER TO POTENTIALLY DEFER UP TO AN
ADDITIONAL $2.7 MILLION WHICH MAY BECOME DUE PURSUANT TO
EXISTING DEALS DURING TERM OF LOAN DEAL


Further company coverage:  GNLN.O 

 ((Reuters.Briefs@thomsonreuters.com;))