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Kush Bottles Inc (OTCMKTS:KSHB) CEO On Q4 2017 Financial Performance

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Kush Bottles Inc (

Nick Kovacevich, the CEO of Kush Bottles Inc (OTCMKTS:KSHB), stated that FY2017 was a pivotal year for company as they started a new and thrilling chapter. Their sales growth remarkably gained momentum, resulting in revenue of $18.8 million for FY2017, a jump of 129% over FY2016. Considering the pace at which the firm is expanding, they believed this was the right time to begin scheduling quarterly conference calls to let shareholders know about the firm’s recent achievements and to offer further clarity about their plan to lead company’s future growth.

The details

The CEO of Kush Bottles expressed that they consider they have established one of the leading product libraries of vaporizers, accessories, packaging, supplies and branding offerings in the cannabis segment. Their offerings comprise vaporizer cartridges and accessories, pop top bottles, tubes, exit bags, barrier bags and other containers. Their offerings are compliant and customizable with the state mandated guidelines, allowing them to provide comprehensive compliant and branding solutions to the regulated industry.

Kush Bottles’ customer base comprises of legal cannabis operations, ranging from cannabis cultivators to processors to manufactures or producers of infused products, to retail store fronts and medical dispensaries. Kovacevich added that as it is known cannabis is a fast growing market, both internationally and domestically. Increased awareness of the social benefits of legalization and medicinal benefits of cannabis has progressively turned public sentiment in support of a controlled and regulated cannabis division.

50 years ago, just 10% of American were in favor of legalized cannabis use. The recent polls now indicated the record high of 64% of American in favor of cannabis decriminalization for adult use purposes. This change in perception has resulted in real policy changes with as many as 29 states currently having regulations in place that approve cannabis use in some form or fashion.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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