Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Interview with
Co-Founder/CEO of Greenlane Enterprises (NASDAQ: $GNLN)
Delta, Kelowna, BC, January 31, 2020 (Investorideas.com
Newswire) www.Investorideas.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast
edition of cannabis news and
stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/01311Interview-NASDAQGNLN.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In
today’s podcast Investorideas interview Aaron Locascio, Co-Founder and CEO of Greenlane Holdings Corp. (NASDAQ:
GNLN) where we discussed the companies most recent
announcements, the cannabis accessories market and how Greenlane has worked to
establish itself as one of the premium suppliers of cannabis accessories
throughout North America and their expansion into the EU and other Global
markets.
Greenlane
is one of the largest global sellers of premium cannabis accessories, CBD and
liquid nicotine products. The company operates as a powerful house of brands,
third party brand accelerator and distribution platform for consumption devices
and lifestyle brands serving the global cannabis, CBD, and liquid nicotine
markets with an expansive customer base of more than 11,000 retail locations,
including licensed cannabis dispensaries, and smoke and vape shops. Greenlane
has an established track record of partnering with brands through all stages of
product life cycle, providing a range of services including product
development, go-to-market strategy, sales and marketing support, market
research, customer service, direct-to-consumer fulfillment, warranty repair,
supply chain management, and distribution. In addition to owning and operating
its own brands, Greenlane is the partner of choice for many of the industry’s
leading players including PAX Labs, (Canopy-owned) Storz & Bickel, JUUL,
Grenco Science, Firefly, DaVinci, Select, Sherbinskis, Bloom Farms, Mary’s
Nutritionals, Cookies and dozens of others. Greenlane’s house of brands is
comprised of child-resistant packaging innovator Pollen Gear; VIBES rolling
papers; the Marley Natural accessory line; the Keith Haring accessory line,
Aerospaced & Groove grinders, and Higher Standards, which is both an
upscale product line and an innovative retail experience with flagship stores
at New York City’s famed Chelsea Market and Atlanta’s Ponce City Market. The
company also owns and operates Vapor.com, an
industry leading e-commerce platform which offers convenient, flexible shopping
solutions directly to consumers.
When
asked how the company goes about their selection process for bringing in new
brands and products, Aron commented, “We look at a combination of factors,
including the premium nature of the products as we do have a strong emphasis on
premium products, that being said we also watch trends in the marketplace very carefully.
Having been in business for 15 years now in this industry, which is an
incredible amount of time in this industry, we now have an incredible amount of
data that we’re able to leverage to find potential gaps in the marketplace and
to fill those gaps either with existing brands or with our in house brands.”
The company also recently
announced a comprehensive distribution agreement with Advanced
Vapor Devices, a high-tech manufacturer of vaporizer cartridges and batteries,
for AVD products, including its entire suite of glass and resin cartridges,
glass disposable cartridges, and rechargeable and disposable batteries.
Under the terms of
the agreement, Greenlane will distribute AVD’s Easy-Press Glass Cartridge, the
industry’s first glass cartridge with a thumb snap-on, tamper-proof locking
system, which is designed to reduce bottlenecks in rapid high-end,
high-production filling and capping environments.
“We are excited to
be partnering with AVD to bring its innovative vaporization technology to
market,” said Aaron LoCascio, Chairman and Chief Executive Officer of
Greenlane. “AVD’s product technology delivers fulsome flavors without
compromising on cartridge and battery reliability or integrity. We will
leverage our expansive distribution network to make AVD’s full suite of
products available to consumers through licensed cannabis dispensaries, as well
as smoke and vape shops throughout North America.”
Greenland recently
expanded in the EU and when asked about future expansion Aaron commented,
“There are two particular markets that are of interest to us where we haven’t
launched a full-blown operation yet and they are South America, where we are working
with a local partner in the Argentinian market, and also Australia is of
interest to us. Those are the next two markets we are evaluating.”
Aaron went on to
discuss their European operations saying, “In Europe in particular, one of the
opportunities and challenges that still exist today is there is a lot of
fragmentation in distribution out there. So bringing some of our best practices
to the Conscious Wholesale Organization, the acquisition that we made, we think
will make a very meaningful difference in the growth trajectory of our European
business. Also it's dealing with so many different languages in Europe that can
be another challenge as well.”
Aaron went on to
discuss the company's goals for 2020, expectations for the industry as a whole
and which brands and tech coming out are most exciting.
Investor ideas
reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
website and this podcast is not an endorsement to buy products or services or
securities. Investors are reminded all investment involves risk and possible
loss of investment
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
Investorideas.com
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