Investor Presentation
GREENLANE
DAVINCI ACQUISITION AND COMMENTARY ON PACT ACT
ACQUISITION OF INDUSTRY LEADING VAPORIZER BRAND AND
DEVELOPER OF AWARD WINNING DAVINCI IQ WILL EXPAND
GREENLANE BRANDS PORTFOLIO AND IP PIPELINE
DAVINCI
DAGANCI
DaVinci Acquisition Highlights:
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Expands Greenlane Brands portfolio and intellectual property position, which should lead to higher margins
and revenue, as well as a stronger defensive moat
PACT Act Ruling and Implications:
The recently issued final PACT Act rules DO NOT place any restrictions on shipping of products that are used
with only dry herbs and solid concentrates (e.g. DaVinci vaporizer)
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NASDAQ: GNLN
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DaVinci estimated to achieve approximately $12 million in sales with product margins of 60% in 2021
Total consideration of up to $20 million (cash and stock), subject to achievement of earnouts (-1.7x sales)
Only 12% of Greenlane's sales orders processed in 2021 contained products that are impacted by PACT Act
Greenlane's robust compliance infrastructure and operational expertise enable us to continue delivering
PACT Act-regulated products to customers efficiently, creating a competitive advantage
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