Kushco Merger

TRANSACTION OVERVIEW Structure Management Board of Directors Headquarters Name / Ticker ● • Base Exchange Ratio (¹) represents a 6.3% premium to KushCo's 20-day volume-weighted average closing price ending on March 30, 2021 ● • Nick Kovacevich, KushCo's CEO, will serve as CEO of the combined company Bill Mote, Greenlane's CFO, will serve as CFO of the combined company • Aaron LoCascio, Greenlane's CEO and Co-founder, will serve as President of the combined company • Adam Schoenfeld, Greenlane's Chief Strategy Officer (CSO) and Co-founder, will serve as CSO of the combined company Additional senior leadership positions of the combined company will be named at a later date ● Stock-for-stock combination with approximately 0.2546 Greenlane Class A shares received for each KushCo share (the "Base Exchange Ratio"), subject to adjustment(¹) Expected pro forma ownership to Greenlane stockholders of 50.1% (¹) and to KushCo stockholders of 49.9%(¹) • 7 Board Members Four of whom are current Greenlane directors, including Aaron LoCascio and Adam Schoenfeld Three of whom are current KushCo directors, including Nick Kovacevich Independent Chairman of the Board to be appointed at a later date Boca Raton, FL with a significant footprint in Southern California Greenlane / Nasdaq: GNLN Subject to customary closing conditions, including regulatory and Greenlane and KushCo stockholder approvals Expected to close in late Q2 2021 or early Q3 2021 ● ● All of Greenlane Class C Common Stock to be converted to Class B Common Stock on a 3-to-1 basis which will have the effect of retiring the existing enhanced voting rights of Greenlane's majority stockholder ● Timing (1) The Merger Agreement permits Greenlane to continue to pursue opportunistic and strategic priorities prior to the closing of the Transaction, including engaging in certain contemplated acquisitions and capital raising transactions. If Greenlane issues additional securities prior to the closing of the Transaction in connection with any acquisitions or capital raising transactions, the Base Exchange Ratio will be adjusted such that Greenlane's existing stockholders maintain an aggregate interest of at least 50.1%, and not more than 51.9%, in the combined company. greenlane 2 KUSHCO HOLDING S

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