Four Greenlane subsidiaries are in court-supervised asset proceedings, and an assignee is responsible for selling their assets to pay creditors. Their debts remain, and possible claims against Greenlane or its remaining subsidiaries add further risk.
The court will oversee the four subsidiaries’ assets as they are sold to pay creditors. Their debts remain. The filing also warns that claims may be made against Greenlane or its remaining subsidiaries, adding possible financial strain.
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