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Greenlane Inks Distribution Deal To Expand In Latin America Market

By Shivani Kumaresan
  • Greenlane Holdings Inc (NASDAQ:GNLNentered into a distribution agreement with Universal Distribution LATAM LLC to distribute its house brands in Latin America.
  • Under the agreement terms, Greenlane has granted Universal Distribution the exclusive right to promote, market, distribute and sell the Greenlane Brands to retailers for resale in Chile, Uruguay, and Argentina.
  • Greenlane has also granted the non-exclusive right to its brands via all wholesale channels in other territories in South America, Central America, and Mexico.
  • Universal Distribution also secured the right to sell certain third-party brand products.
  • Universal Distribution has committed to sales targets of at least $1.5 million of Greenlane Brands and third-party products in the first year, at least $1.9 million in the second, and at least $2.4 million in the third year.
  • Price Action: GNLN shares traded higher by 5.25% at $0.33 on the last check Friday.
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Dive Deeper:
Greenlane Expands Into Latin American Cannabis Market Via Agreement With Universal Distribution
Greenlane Holdings, Inc. (NASDAQ: GNLN) has entered into a distribution agreement with Universal Distribution LATAM LLC to distribute its proprietary…
Focus V Nabs Turning Point Canada As Exclusive Distributor, Cannabis Heating Devices Will Benefit
Focus V line of product offerings is now available in Canada, exclusively distributed by Turning Point Brands (NYSE: TPB).
Amid Slowing Sales at Home, Innovent Biologics Stumbles Overseas
Key takeaways: Innovent Biologics terminated a plan to sell its bevacizumab biosimilar in North America with a local partner after…
Schwazze To Bring Lowell Smokes To Its Colorado And New Mexico Cannabis Dispensaries
Lowell Farms Inc. (CSE:LOWL) (OTCQX: LOWLF) has partnered with Schwazze (OTCQX: SHWZ) (NEO:SHWZ), to debut its product exclusively at licensed…
One subscription that gives you access to news from hundreds of sites
Worksport Acquires New York Manufacturing Facility For $8M
Worksport Ltd (NASDAQ:WKSP) subsidiary WKSP NY has acquired a manufacturing facility in New York for $8.125 million. The facility is 152,847 square feet…
Expandable shoes for children aim to cut landfill waste
Eco-shoe brand gets £250,000 grant from sustainability fund to perfect design – with soles the trickiest part
Get all your news in one place