New Cannabis Ventures helped spearhead the Exclusive Public Companies Symposium at New West Summit in Oakland on October 13-14th. The goal of the event was to introduce leading public cannabis companies to investors interested in the sector. Among the 10 companies that presented was Kush Bottles (OTC: KSHB), which is focused on packaging and compliance.
CEO Nick Kovacevich discussed the company’s core business to business offering focused as a provider of goods and services to dispensaries and, increasingly, growers and processors, as well as its growing business to consumer offerings and its IP portfolio. Kush Bottles recently dramatically expanded its business by acquiring CMP Wellness, which is focused vaporizer distribution.
Kush Bottles has expanded its client base from roughly 1000 customers in 2015 to over 4000 business accounts today, and Kovacevich pointed to its highly trained, in-house sales force and its strategic location in the key markets of Colorado, California and the Pacific Northwest as key drivers of that growth.
Kovacevich described how the company’s unique capital position has allowed it to not only become an attractive merger partner to smaller companies but also to position inventory strategically. The company has invested aggressively in personnel, facilities, technologies and systems, all of which support its role as a distribution platform and a consolidator of the industry.
With California about to regulate its medical cannabis market for the first time in over two decades and to simultaneously implement legalization for adult-use, Kovacevich’s presentation was quite timely. Green Flower Media captured the presentations and Q&A, which we have included below along with a link to the slides.