A&A Global Imports, doing business as MJ Pack, has signed a strategic packaging partnership with Greenlane Holdings to expand its existing product line.
Greenlane Holdings deals with the development and distribution of vape solutions, cannabis accessories, packaging as well as lifestyle products.
As per the terms of this agreement, MJ Pack will work as preferred strategic partner in selling Greenlane’s patented packaging product lines.
MJ Pack’s scope of work also include expanding Greenlane’s product selection and presence in the market.
According to Greenlane, the collaboration will help in providing working capital to Greenlane for continuing its investments into higher-margin consumer products business.
Through this agreement, Greenlane will be able to complete a significant warehouse consolidation and simultaneously continue its cost-saving efforts, which is approximately $3m per year.
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Greenlane, CEO Craig Snyder said: “Most importantly, this partnership will create a smooth and seamless transition for customers, where they can continue to purchase high quality and proprietary packaging solutions that they have been accustomed to doing through Greenlane.
“Secondly, this partnership will bring in capital to Greenlane, allowing us to continue investing in our growing higher-margin consumer products business.”
Meanwhile, MJ Pack will leverage Greenlane’s design, manufacturing and distribution expertise in the field of child-resistant packaging solutions to deliver expanded assortment of packaging solutions to its customers.
MJ Pack CEO David Aryan said: “We look forward to providing our exceptional service to Greenlane customers in coming months and years as they transition to purchasing goods from MJ Pack, and we are thrilled that continuity and consistency will remain for customers as they can purchase existing Greenlane portfolio of products on an ongoing basis.
“The added customer base and scale will further MJ Pack’s leading position as cannabis industry’s provider of choice for rigid packaging, accessories, and other hard goods.”