on Greenlane Holdings, Inc. (NASDAQ:GNLN)
Greenlane Holdings Secures Exclusive Distribution Deal with Safety Strips Tech Corp
Greenlane Holdings, Inc., a leading global distributor of cannabis accessories and vaporization products, has announced an exclusive distribution agreement with Safety Strips Tech Corp. This multiyear contract allows Greenlane to distribute Safety Strips' fentanyl, xylazine, and drink spike detection test strips in the United States.
The strategic agreement aims to address the ongoing opioid crisis by providing affordable and reliable substance testing tools. These strips can detect dangerous adulterants like fentanyl and xylazine, assisting in overdose prevention and safeguarding individuals from drug-induced harms.
Greenlane expects this high-margin addition to its product portfolio to enhance its revenue prospects. The company is preparing to expand into university and government markets. Products are already available through Greenlane's online storefronts, including vapor.com, puffitup.com, and higherstandards.com, as well as its wholesale portal.
R. H.
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