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Greenlane Holdings, Inc.
8-K
Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.03 Bankruptcy or Receivership.
On September 30, 2026, Greenlane Holdings, LLC, Warehouse Goods LLC, KIM International, LLC and Kush Supply Co. LLC (collectively, the “Assignors”), each a direct or indirect subsidiary of Greenlane Holdings, Inc. (the “Company”), each executed an irrevocable assignment for the benefit of creditors under Chapter 727 of the Florida Statutes (collectively, the “Assignments”) in favor of Philip J. von Kahle (the “Assignee”). The Assignee accepted each Assignment on September 30, 2026. The Assignee is perfecting the Assignments under Florida law and is commencing four cases that are in the process of being filed and docketed in the Circuit Court of the Eleventh Judicial Circuit in and for Miami-Dade County, Florida, Complex Business Division (the “Court”). After the cases are docketed and assigned to a judge, the Assignee is expected to seek to have the cases administered under a single consolidated lead case number. As of the date of this Current Report on Form 8-K, case numbers have not been assigned.
Under the Assignments, each Assignor transferred substantially all of its assets to the Assignee. The Assignee is responsible for liquidating those assets and distributing the proceeds to the creditors of each Assignor in accordance with Chapter 727 of the Florida Statutes and, once the assignment proceedings are commenced, under the supervision of the Court. The Assignee, and not the Company, now controls the assets of the Assignors and the administration of their estates. The Assignments do not release the Assignors from their liabilities.