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Greenlane closes Conscious Wholesale purchase

Cannabis accessories retailer Greenlane Holdings Inc. said Oct. 8 that it closed its acquisition of European vaping products maker Conscious Wholesale last Sept. 30.

Financial terms of the deal were not disclosed.

Conscious Wholesale's brands include Firefly, Davinci, PAX and Storz & Bickel.

"The addition of the Conscious Wholesale platform provides Greenlane with a strong and established foothold in Europe and allows us to expand our global distribution, retail and e-commerce capabilities," Greenlane Chairman and CEO Aaron LoCascio said.

Greenlane expects the acquisition to be immediately accretive to its annualized net earnings.