Greenlane Holdings Inc. announced that its wholly-owned subsidiary, Greenlane Subsidiary Inc., entered into a Token Purchase and Sale Agreement and a Token Lending Agreement with Berachain Operations Corporation, a British Virgin Islands company. The transactions constitute a related party transaction under Item 404 of Regulation S-K due to the involvement of Mr. Isenberg. Both agreements were unanimously approved by the disinterested members of Greenlane's Board of Directors and the Audit Committee, following a review of the terms and the potential benefits to the company and its shareholders. The agreements include governance and oversight provisions to ensure transactions are conducted on an arm's-length basis, including independent execution standards, segregation of trading authority, and periodic compliance reporting.

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