KushCo Holdings Stock (OTCQX: KSHB) - Investor Dashboard


➔ KushCo Holdings
OTCQX Ticker: KSHB
Market Focus: North America
Classification: Ancillary
Country: United States
Employees: 217 as of 11/12/19
Established: 2010
CEO: Nick Kovacevich

Summary

Fiscal Year-End: August
Exchange: OTCQX
Sector: Basic Materials
Auditor: Marcum LLP
Headquarters: Cypress, CA

Financials as of 05/31/20

Cash on hand: $11.1 million
Fixed Investment: $9.3 million
Shareholders’ Equity: $84.9 million
Revenues – Last Quarter: $22.3 million
Gross Margin: 10.7%
EPS: -$0.11

Capital Structure as of 07/07/20

Last Financing: 10.0 million Units at $1.60
Basic Shares: 125.6 million
Warrants: 21.7 million
Options: 11.4 million
Diluted Shares: 158.7 million

Company Brief

KushCo Holdings, Inc. (OTCQX: KSHB) is the premier provider of ancillary products and services to the legal cannabis and CBD industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliance knowledge and a local presence in serving its diverse customer base.

Founded in 2010, KushCo has now sold more than 1 billion units across North America, South America, and Europe to legally operated medical and adult-use dispensaries, growers, brands, processors, and producers.

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Highlights

  • Implemented a new strategic plan to accelerate path to positive adjusted EBITDA
  • Product and service offerings including packaging and labeling, energy and natural products, papers and supplies, vaporizer hardware and technology, creative services, and CBD brokerage
  • More than 50 accounts with sales in excess of $500k
  • Solutions for growers, processors, extractors, retailers, dispensaries, brand owners, and more
  • First OTC cannabis stock to be covered by top-tier Wall Street firm
  • Physical presence in key states and Canada
  • 80% of current business driven by MSOs, LPs and leading brands; focused on going deeper with this customer group

Growth Strategy

  • Significantly lower revenue levels needed to achieve positive adjusted EBITDA, following comprehensive restructuring activities
  • Aligning workforce and consolidating warehouses to drive efficiency
  • Leverage the growth of legal cannabis through organic and acquisition initiatives
  • Adding new products and categories while cross-selling
  • 66,000-square-foot Massachusetts distribution warehouse serving as the company’s East Coast hub and 40,000-square-foot Michigan distribution facility serving as the company’s Midwest hub

Differentiators

  • Value-added supplier and trusted partner
  • Regulatory insight helps customers remain compliant
  • More than 59 articles of intellectual property issued or pending
  • Strong branding and awareness
  • Launched a hemp trading business to support legally compliant hemp transactions
  • Innovation business unit Koleto Packaging Solutions
  • Implementing a profitable, automated approach with legacy customers
  • Equipment financing for customers in partnership with Xtraction Services

Sales Growth with Core Customers


Getting to Positive Adjusted EBITDA


Strategic Plan


Institutional Analyst Coverage

MIKE HICKEY
Benchmark Company

BOBBY BURLESON
Canaccord Genuity

OWEN BENNETT
Jefferies

SCOTT FORTUNE
ROTH Capital Partners


Curated Stories & News


Visit KushCo Holdings Inc.
at www.kushco.com.

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. KushCo Holdings Inc., formerly Kush Bottles, is a client of NCV Media, LLC. Read our full disclaimer.