KushCo Holdings Inc (OTCMKTS:KSHB) has been back in gear in recent sessions. This is one of the most fundamentally sound names in the cannabis space, and one that stands to weather any glut conditions in the sector quite well. To help push the story, the company just announced it has selected Manhattan Associates as its new Warehouse Management System provider and has selected GoLeanSixSigma.com as the consultant team to support implementing the improved processes alongside KushCo’s operations teams.
According to the release, “This investment further solidifies KushCo’s goal of having operational excellence and a world-class supply chain. By implementing this new system, KushCo will be able to scale and expedite its rapid growth in an effective and reliable manner. Manhattan Associates is a technology leader in supply chain and omnichannel commerce that sets the standard for supply chain innovation by uniting information across the enterprise, converging front-end sales with back-end supply chain execution. For several years Manhattan Associates has been the leader in the Gartner Quadrant when comparing Tier 1 and Tier 2 WMS companies and system solutions available in the industry. Clients include GE, Adidas, and Macy’s, among others.”
KushCo Holdings Inc (OTCMKTS:KSHB) casts itself as the parent company to a diverse group of business units that are transformative leaders in the cannabis, CBD, and other related industries.
The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!
KushCo Holdings’ subsidiaries and brands provide exceptional customer service, product quality, compliance knowledge and a local presence in serving its diverse customer base. KushCo Holdings’ brands include Kush Bottles, a dynamic sales platform that is the nation’s largest and most respected distributor of packaging, supplies, and accessories, Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector, Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures, and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions.
Founded in 2010, KushCo Holdings has now sold more than 1 billion units and regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe.
KushCo Holdings subsidiaries maintain facilities in the five largest U.S. cannabis markets as well as having a local sales presence in every major U.S. cannabis market.
Moreover, the company provides various products and services for the regulated cannabis, CBD, and other related industries. It distributes vaporizer products, packaging, supplies, and accessories, as well as offers branding services to cannabis operators; and provides hydrocarbon gases and solvents to the cannabis sector. The company also operates a creative design agency for cannabis and non-cannabis brands that provide brand strategy, design and marketing, Web application development, and e-commerce solutions.
In addition, it researches and develops packaging solutions to the pharmaceutical and veterinary industries. The company was formerly known as Kush Bottles, Inc. and changed its name to KushCo Holdings, Inc. in September 2018. KushCo Holdings, Inc. was founded in 2010 and is headquartered in Garden Grove, California.
As we discussed earlier, KSHB just announced it has selected Manhattan Associates as its new Warehouse Management System provider and has selected GoLeanSixSigma.com as the consultant team to support implementing the improved processes alongside KushCo’s operations teams.
The stock is up on the news. Overall, shares of KSHB have rallied about 10% over the past week. That sets up an interesting context for the action tomorrow.
Rodrigo de Oliveira, Vice President of Operations, commented, “Manhattan implementation will allow KushCo to increase warehouse productivity, space utilization, inventory accuracy and compliance of internal processes. It will also provide the Company with the ability to quickly adapt to planned and unexpected demand changes. With GoLeanSixSigma, our goal is to solidify a strong process foundation, with a focus on sustainable and robust internal capabilities, by integrating daily business processes to quickly assess the current scenario, tap into the knowledge of the internal team to do the actual work of creating new, stronger, scalable and sustainable processes.”
KushCo Holdings Inc (OTCMKTS:KSHB) has posted nearly $41 million in total reported sales over its last four quarterly financial reports combined. That represents very impressive revenue growth of over 173% comped on a quarterly basis when its most recent quarter is compared to the year-ago data. In addition, the company is battling some balance sheet hurdles. Cash levels are at $3.6 million against a mountain of $10.9 million in current liabilities.
Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!
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