24/7 Market News – (NASDAQ:GNLN) Greenlane Holdings, Inc. shares are up more than 36% heading into the open with more than 4.667 trades and increasing volume.
Company Successfully Completes Operational and Technological Improvements and Launches Fulfillment Offering Utilizing Previously Granted PACT Act Exemption for Regulated Vaporizer Products
BOCA RATON, FL / ACCESSWIRE / June 24, 2022 / Greenlane Holdings, Inc. (“Greenlane” or “the Company”) (NASDAQ:GNLN), a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that it has begun shipping previously restricted vaporizer products to wholesale clients under a business and regulatory exemption to the Prevent All Cigarette Trafficking Act (“PACT Act”) issued by the United States Postal Service (the “USPS”).
This restriction previously prevented Greenlane from shipping vaporizers and accessories classified as electronic nicotine delivery systems (“ENDS”) via the USPS and other common parcel carriers.
After receiving the regulatory exemption in January 2022, Greenlane has successfully implemented the controls, processes, and systems required to begin utilizing the USPS and offering it to customers at full capacity. The ability to fulfill ENDS products with the USPS will allow the Company to reduce shipping costs, decrease fulfillment times, and enhance the overall customer experience for approved wholesale customers.