Item 8.01. Other Events As previously disclosed, on December 30, 2021, Greenlane Holdings, Inc. (the “Company”) entered into a Secured Promissory Note (the “Note”) with Aaron LoCascio, the former President and co-founder of the Company and a member of the Company’s Board of Directors, which provides for a loan of $8.0 million maturing on June 30, 2022 at a simple interest rate of 15% and secured by a continuing security interest in all the Company’s assets and properties whether then or thereafter existing or acquired, including its inventory and receivables (as defined under the Universal Commercial Code). On June 30, 2022, the Company entered into the First Amendment to the Note, which pro(…)
The Latest Press Releases