Greenlane Holdings secures $110 million in private equity funding to launch Berachain fund management strategy

Greenlane Holdings, Inc. (NASDAQ: GNLN) announced the pricing and signing of a private investment in public equity (PIPE) transaction led by Polychain Capital, with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, and dao5. The company intends to use the net proceeds from the transaction to implement its digital asset treasury strategy and acquire BERA, the native cryptocurrency of the Berachain blockchain. BERA will serve as the company's primary treasury asset.