Greenlane's Stock Trading Higher On Making A Distribution Deal In Mexico

Greenlane Holdings, Inc. GNLN has entered into distribution agreement with Zhar Capital to distribute its proprietary portfolio of brands in Mexico.

Greenlane has partnered with Zhar Capital to promote, market, distribute and sell the Greenlane Brands to retailers for resale in Mexico.

"We look forward to offering our innovative and premium products in the growing Mexico market through our partnership with Zhar Capital," stated Craig Snyder, CEO of Greenlane. "Their knowledge and expertise of business practices in Mexico allows us to expand into this rapidly growing consumer market in an efficient manner. We are excited to offer our brands in Mexico for many years to come."

Luis M. Rodríguez and Teófilo Huerta, co-Founders of Zhar Capital, stated, "We are pleased to partner with Greenlane to offer their premium products to customers in our region. Offering cutting edge accessories is an exciting step forward in providing more options to the expanding market."

Price Action

Greenlane Holdings shares were trading 7.58% higher at $0.47 during Tuesday's pre-market session.

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Photo: Benzinga edit with photos by geralt and lindsayfox on Pixabay

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Posted In: CannabisNewsPenny StocksMarketsCraig SnyderLuis M. RodríguezpremiumTeófilo HuertaWhy is it moving?Zhar Capital
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