Greenlane and Greentank Technologies Announce U.S. Distribution Agreement

Rhea-AI Summary

Greenlane Holdings (NASDAQ:GNLN) has entered into a distribution agreement with Greentank Technologies to become a major distributor of Greentank's products in the United States. The partnership will include distribution of Greentank's full assortment of cartridges and vaporizers, including their innovative designs.

Greentank, winner of the Golden Leaf Award for "Most Promising Innovation" in 2024, has successfully launched over 500+ vape brands across the US and Canada. The company's breakthrough Quantum Chip™ technology and Quantum Vape™ products focus on precision, safety, and performance in vaping experiences. Notably, Greentank is the only vape manufacturer with a Health Canada Research license and operates its own semi-automated chip manufacturing and R&D facility.

Positive

• Partnership gives Greenlane access to Greentank's innovative product line and technology
• Leverages Greenlane's established sales, marketing, and distribution channels
• Access to Greentank's proven track record with 500+ successful vape brand launches
• Expands Greenlane's product portfolio with award-winning technology

Negative

• Increased dependence on vaping market which faces regulatory scrutiny
• Potential competition from other distributors in the space

Insights

Business Development Analyst

Greenlane's new distribution agreement with Greentank expands product portfolio and distribution network, strengthening market position in premium cannabis accessories.

This distribution agreement represents a strategic expansion of Greenlane's product offerings in the high-growth vaporizer segment. By partnering with Greentank, an award-winning innovator in aerosolization technology, Greenlane gains access to advanced vaping products featuring proprietary technologies like the Quantum Chip™ that have been recognized internationally.

The partnership leverages complementary strengths: Greentank brings technological innovation and product development expertise with over 500+ successful vape brand launches across North America, while Greenlane contributes its established sales channels, marketing capabilities, and distribution infrastructure spanning both B2B and B2C markets.

From a competitive positioning perspective, this agreement enhances Greenlane's value proposition to retailers by expanding its premium product assortment. Greentank's industry credentials - including Health Canada Research licensing and a dedicated manufacturing and R&D facility - suggest the products meet high quality and regulatory standards, important factors in the cannabis accessories market.

For Greenlane, this move aligns with its stated strategy of providing "exceptional branded products" through wide distribution channels. The addition of technologically differentiated products like Greentank's Quantum Vape™ could help Greenlane maintain premium positioning in an increasingly competitive market.

While financial terms aren't disclosed, this agreement positions Greenlane to potentially capture additional market share in the growing cannabis accessories space by offering innovative products that address consumer demands for quality, safety, and performance in vaping technologies.

Greenlane to become a major distributor of Greentank products in U.S., leveraging its established sales, marketing, B2B and B2C channels

BOCA RATON, FL / ACCESS Newswire / May 21, 2025 / Greenlane Holdings, Inc. ("Greenlane" or the "Company") (Nasdaq:GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced it has entered into a distribution agreement with Greentank Technologies (Greentank), a leading innovator in the aerosolization technology industry, providing advanced solutions for the cannabis, nicotine, and wellness markets. Under the agreement, Greenlane will distribute Greentank's full assortment of cartridges and vaporizers including Greentank's innovative and exclusive designs in the U.S.

Greentank has quickly become an industry powerhouse with a proven track record of over 500+ successful vape brand launches across the United States and Canada. Greentank is a winner of multiple industry accolades and honors, including the coveted Golden Leaf Award for "Most Promising Innovation" at the 2024 Global Tobacco and Nicotine Forum in Athens, Greece. This recognition highlights Greentank's game-changing Quantum Chip™ technology-setting a new standard for the future of vaping. Greentank's Quantum Vape™, powered by their revolutionary Quantum Chip™ technology, represents a breakthrough in inhalation science. With a focus on precision, safety, and performance, this technology delivers an unparalleled vaping experience that prioritizes both user satisfaction and harm reduction.

"At Greenlane, we are as committed to innovation and setting the highest possible standards for product quality as we are committed to customer accessibility - and our success lies not only in our ability to provide exceptional branded products, but to distribute them to the finest retail stores for safe, easy and reliable access to consumers around the country," said Barbara Sher, Chief Executive Officer for Greenlane.

Sher added, "We are excited about Greentank joining our distribution network, as we are aligned on the future growth potential of innovative vaping products in the U.S. Greenlane's best-in-class sales and marketing capability is uniquely positioned to deliver the most effective route-to-market for Greentank and I am confident we can drive continued growth for their portfolio of products across the U.S."

Greentank is the only vape manufacturer with a Health Canada Research license and a fully owned and operated, semi-automated chip manufacturing and R&D facility that designs, engineers, tests, and optimizes every device launched into the market. With a dedicated team of engineers, material scientists, product designers, and product specialists, the Greentank team is constantly innovating its products to maximize airflow, flavor production, vapor output, and consistency.

About Greentank

Greentank is a leading innovator in the aerosolization technology industry, providing advanced solutions for the cannabis, nicotine, and wellness markets. Headquartered in Toronto, Canada, Greentank specializes in designing, developing, and manufacturing precision-made vaporization hardware and atomization technology. With a federal research license from Health Canada, Greentank conducts rapid on-site testing and prototyping to consistently push the boundaries of performance and quality. For more information about Greentank, please visit https://www.greentanktech.com/

About Greenlane Holdings, Inc.

Founded in 2005, Greenlane is a premier global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. We operate as a powerful family of brands, third-party brand accelerator, and an omnichannel distribution platform.

We proudly offer our own diverse brand portfolio and our exclusively licensed Marley Natural and K.Haring branded products. We also offer a carefully curated set of third-party products through our direct sales channels and our proprietary, owned and operated e-commerce platforms which include Vapor.com, PuffItUp.com, HigherStandards.com, Wholesale.Greenlane.com and MarleyNaturalShop.com.

For additional information, please visit: https://investor.gnln.com. For additional information, please visit: https://gnln.com/.

Investor Contact:

IR@greenlane.com

or

TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Greenlane and other matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. Greenlane has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in Greenlane's Annual Report on Form 10-K filed for the year ended December 31, 2023 and the Company's other filings with the SEC, which can be obtained on the SEC website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.

SOURCE: Greenlane Holdings, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the distribution agreement between Greenlane (GNLN) and Greentank Technologies?

Greenlane will become a major distributor of Greentank's full assortment of cartridges and vaporizers, including their innovative designs, in the United States.

What is Greentank's Quantum Chip technology?

Quantum Chip™ is Greentank's breakthrough technology that focuses on precision, safety, and performance in vaping, delivering enhanced user satisfaction and harm reduction.

How many successful vape brand launches has Greentank completed?

Greentank has successfully launched over 500 vape brands across the United States and Canada.

What recent award did Greentank win?

Greentank won the Golden Leaf Award for 'Most Promising Innovation' at the 2024 Global Tobacco and Nicotine Forum in Athens, Greece.

What unique licensing does Greentank possess?

Greentank is the only vape manufacturer with a Health Canada Research license and operates its own semi-automated chip manufacturing and R&D facility.