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「New BERA Treasury Company with $110 Million Financing」 GNLN Surges Over 30% in Pre-market Trading, Market Cap Only $5.32 Million

3 hours ago

On October 20th, according to market data, a $110 million private placement was announced today to launch the BERA Treasury Strategy. This led to a 33.59% increase in the pre-market trading of the U.S. listed company Greenlane Holdings (GNLN) to $5.13. It is worth noting that based on the closing price of the previous trading day at $3.84, the market value of GNLN was only $5.3244 million. Greenlane Holdings is mainly engaged in the development, distribution, and sale of high-end tobacco accessories, packaging, e-cigarette solutions, and lifestyle products, with business operations covering the United States, Canada, Europe, and Latin America. As previously reported by BlockBeats, this $110 million PIPE financing for Greenlane Holdings includes approximately $50 million in cash and BERA tokens worth about $60 million.
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