KushCo Holdings Stock (OTCQB: KSHB) - Investor Dashboard


➔ KushCo Holdings
OTCQB Ticker: KSHB
Sector: Basic Materials
Industry: Containers & Packaging
Country: U.S.
Employees: 230+ (04/30/18)
Established: 2010
CEO: Nick Kovacevich

Summary

Fiscal Year-End: August
Exchange: OTCQB
Sector: Basic Materials
Auditor: RBSM LLP
Headquarters: Garden Grove, CA
Distribution Warehouses:  5

Financials as of 02/28/19

Cash on hand: $17.9 million
Fixed Investment: $6.9 million
Shareholders’ Equity: $111.4 million
Revenues – Last Quarter: $35.2 million
Gross Margin: 12.9%
EPS: -$0.10

Capital Structure as of 04/11/19

Last Financing: 6.5 million Units at $5.25
Basic Shares: 88.0 million
Warrants: 6.0 million
Options: 12.0 million
Diluted Shares: 106.0 million

Company Brief

KushCo Holdings, Inc. (OTCQB: KSHB) is the parent company to a diverse group of business units that are transformative leaders in the cannabis, CBD, and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliance knowledge and a local presence in serving its diverse customer base.

KushCo Holdings’ brands include Kush Supply Co., 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.

Featured Video

KushCo CEO Nick Kovacevich Talks About Expansion On Cheddar

Founded in 2010, KushCo 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.


Highlights

  • Parent company of Kush Supply Co., Kush Energy, Hybrid Creative, and Koleto Packaging Solutions
  • 5,000-plus business accounts
  • More than a dozen accounts with sales in excess of $500k
  • Multi-state operations and Canadian operations
  • Solutions for growers, processors, extractors, retailers, dispensaries, and more
  • First OTC cannabis stock to be covered by top-tier Wall Street firm

Growth Strategy

  • Leverage the growth of legal cannabis through organic and acquisition initiatives
  • Geographic expansion, including expansion ino Canada and a proposed facility in Florida
  • Adding new products and categories while cross-selling
  • M&A – Acquired CMP Wellness in 2017, Summit Innovations and Hybrid Creative in 2018
  • Sole packaging supplier opportunities
  • Strategic partnerships with distributors and media companies
  • 66,000-square-foot Massachusetts distribution warehouse serving as the company’s East Coast hub
  • International expansion with an office in China
  • Distribution to 28 states and Canada

Differentiators

  • Value-added supplier and trusted partner
  • Regulatory insight helps customers remain compliant
  • 1,800 SKUs across 15 product categories
  • More than 40 articles of intellectual property
  • Strong branding and awareness
  • Physical presence in key states and Canada
  • Digital creative agency The Hybrid Creative
  • Innovation business unit Koleto Packaging Solutions
  • One of the largest sales forces in the industry

Sales Growth


Distribution

KushCo has five distribution facilities in Washington, California, Oregon, Nevada, and Massachusetts with distribution serving North America, South America, and Europe. A physical presence in key states enables the Company to rapidly meet customer demand and reduce shipping costs. The company also has nine hazmat distribution locations for its gas and solvents.

As new markets open up, KushCo expands their sales force to drive first-mover advantage; getting to prospects before they establish a packaging partner. An early and local presence in new markets creates significant brand value in a grassroots and highly fragmented industry.


Institutional Analyst Coverage

PAUL PENNEY
Northland Securities

VIVIEN AZER
Cowen and Company

BOBBY BURLESON
Canaccord Genuity

BRETT HUNDLEY
Seaport


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.