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KushCo Holdings Inc (OTCMKTS:KSHB) Doing Good While Doing Well

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KushCo Holdings Inc (OTCMKTS:KSHB) just announced that it has joined the Sustainable Packaging Coalition, a membership-based collaborative that is considered the leading voice on sustainable packaging solutions. Shares have pulled back amid a very strong and robust growth trend in a very strong sector, so this is likely one to keep high on the radar right now.

According to the release, “As a member of the SPC, KushCo will collaborate with other companies in a variety of industries, each involved in developing and employing environmentally-friendly packaging solutions that fit each company’s unique products and consumer demands. Other SPC members include notable companies such as The Coca-Cola Company, McDonald’s, Mars, Incorporated, Procter & Gamble, Starbucks Coffee, United Parcel Service (UPS) and Walmart, 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.

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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.

 

Worth Watching

As we discussed earlier, KSHB just announced that it has joined the Sustainable Packaging Coalition, a membership-based collaborative that is considered the leading voice on sustainable packaging solutions.

KSHB has had a rough past five days of trading action, with shares sinking something like -11% in that time. It will be interesting to see if this news can help to shift that tone. So far, it has obviously helped to some extent, but not enough to repair recent damage.

“Joining the Sustainable Packaging Coalition is a milestone not only for our company but for cannabis industry as whole. KushCo and its divisions are the first cannabis related company to join this premier tier of global brands in the SPC. This initiative further demonstrates our commitment to developing sustainable packaging solutions for the cannabis supply chain,” said Chief Executive Officer, Nick Kovacevich. “We are dedicated to understanding how KushCo can employ innovative methods to develop more environmentally friendly packaging. As the cannabis industry’s largest and most respected distributor of packaging, supplies, and accessories, being a leader in reducing waste in the cannabis industry is an important pillar we internally rally around and plan for this to be a jumping off point for further sustainable company initiatives. As we innovate sustainable packaging options we will use our Koleto team of designers and engineers to further create and develop marketable products in this new tier of packaging awareness. We look forward to working with the SPC and its members to collaborate and determine how we can reduce our environmental impact and we’re excited for the innovative ideas and products which are to come.”

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!

   

Learn More About PLSI at your brokerage today!

         

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Trade




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Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play