Postal service

Greenlane Receives U.S. Postal Service Approval to Ship B2B Electronic Nicotine Delivery Systems (ENDS) Products


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The company’s strong compliance infrastructure and technical know-how enable successful navigation of the PACT ACT

Over 97% of the company’s shipments are now eligible for shipment by major carriers or by freight

BOCA RATON, FL / ACCESSWIRE / January 11, 2022 / Greenlane Holdings, Inc. (“Greenlane” or “the Company”) (NASDAQ: GNLN), a global brand group and one of the largest sellers of premium cannabis accessories, packaging proof Children’s and Specialty Spray Products, today announced that it has received approval from the United States Postal Service (the “USPS”) for a commercial and regulatory exception to the Prevention of All Childhood Act. Cigarette Trafficking (“PACT Act”), allowing Greenlane to ship vaporizers and accessories classified as Electronic Nicotine Delivery Systems (“ENDS”) to other compliant companies. With this new approval, over 97% of total annual sales will be able to be shipped by freight, USPS or major carriers, and the impact of PACT will be reduced to less than 3% of annual sales.

The recently amended PACT law, among other provisions, prohibits the shipment of ENDS products through the USPS and has led to further restrictions on shipping by private carriers. While this law was intended to impact nicotine vaporizers, it also swept away other devices used for vaporizing liquids and oils, affecting the hemp and cannabis industries. With USPS approval, however, the Company can now report shipments containing such products to the USPS, reducing costs and improving the customer experience. The approval also allows the Company to offer its logistics capabilities to distribute ENDS products to other companies.

“We are delighted to have this USPS approval to ship ENDS business-to-business products,” said Nick Kovacevich, CEO of Greenlane. “We continue to believe that in a highly regulated industry – which will only be subject to more stringent regulation over time – companies with strong size, scale, resources and compliance programs will be. able to successfully comply with regulatory requirements. as evidenced by the approval, Greenlane is well positioned as a market leader listed on the Nasdaq with a demonstrated history of compliance to navigate this evolving regulatory landscape and continue to accelerate our business. “

Kovacevich continued, “While we will continue to focus on selling our own internal brands, we remain proud to be a supplier and strategic distributor of leading third-party brands that are complementary to our business and deliver value. to our customers. In fact, many companies have already started reaching out in hopes of leveraging our structure, processes, network, and compliance position. Our message to businesses is that if you are having any issues with shipping via PACT and would like to explore Greenlane’s commitment as a Partner Distributor, please contact us. We welcome inquiries from all customers whose supply chains have been disrupted due to PACT. “

Companies interested in learning more about partnering with Greenlane to distribute ENDS products are encouraged to contact the Director of the Enterprise Transformation and Integration Management Office, Matt Tolnick, at m[email protected] com or at 310-869-5733.

About Greenlane Holdings, Inc.

Greenlane is the world’s leading platform for the development and distribution of premium accessories, packaging, vape solutions and lifestyle products. We operate as a powerful brand house, third-party brand accelerator and omnichannel distribution platform, delivering unparalleled product quality, customer service, compliance insight, operations and logistics to accelerate growth. of our customers.

Founded in 2005, Greenlane serves a diverse and extensive customer base with more than 8,000 outlets, including licensed cannabis dispensaries, tobacco stores and specialty retailers. As a pioneer in the field of cannabis, Greenlane is the partner of choice for many of the industry’s leading multi-state operators, licensed producers and brands, including PAX Labs, Storz & Bickel (owned by Canopy), Cookies , Grenco Science and CCELL.

We pride ourselves on owning and operating a diverse portfolio of brands, including Da vinci vaporizers, Pollen gear “, the K. Haring glasses collection by higher standards, Natural Marley “, and VIBRATIONS“rolling papers. Higher standards, Greenlane’s flagship brand, offers both a premium product line and an immersive retail experience with groundbreaking stores at New York’s Chelsea Market and Malibu, California. Greenlane also owns and operates Vapor.com and VapoShop.com, two industry-leading direct-to-consumer e-commerce platforms in North America and Europe respectively.

For more information, please visit: https://gnln.com/.

Forward-looking statements

Certain matters in this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors which may cause actual results or performance to differ from those projected in forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding: the current and future performance of the Company’s business, including the impact of the PACT Act business and the regulatory exception granted by the USPS, expected improvements in the overall customer experience and reductions in shipping costs; the Company’s regulatory compliance infrastructure and its outreach efforts to other companies impacted by PACT compliance; and the impacts of acquisitions and other similar transactions. Actual results or performance may also be affected by, among other factors: the impact of the ongoing COVID-19 pandemic on the Company’s business; growing demand for the Company’s products; growth of the cannabis and nicotine market; the Company’s marketing and commercialization efforts; and the Company’s financial outlook and expectations. For a description of the factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please see the information under the heading “Risk Factors” included in the Company’s most recent annual report on Form 10-K for the year ended December 31, 2020, the Company’s quarterly report on Form 10-Q for the quarterly period ended September 30, 2021, and other documents filed by the Company with the SEC, which can be accessed on the SEC’s website at www.sec.gov. Do not place undue reliance on any forward-looking statements contained in this press release, which are based on information available to Greenlane as of the date hereof. Greenlane does not undertake to update this information, except as required by law.

Investor contact
Najim Mostamand, CFA
Director of Investor Relations
714-539-7653
[email protected]

Media contact
MATTIO communication
[email protected]

THE SOURCE: Greenlane Holdings, Inc.

See the source version on accesswire.com:
https://www.accesswire.com/681958/Greenlane-Receives-Approval-from-US-Postal-Service-to-Ship-B2B-Electronic-Nicotine-Delivery-Systems-ENDS-Products