KushCo Holdings Stock (OTCQX: KSHB) - Investor Dashboard


➔ KushCo Holdings
OTCQX Ticker: KSHB
Market Focus: North America
Classification: Ancillary
Country: United States
Employees: 108 as of 11/10/20
Established: 2010
CEO: Nick Kovacevich

Summary

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

Financials as of 02/28/21

Cash on hand: $35.0 million
Fixed Investment: $8.4 million
Shareholders’ Equity: $126.0 million
Revenues – Last Quarter: $32.9 million
Gross Margin: 19.6%
EPS: -$0.04

Capital Structure as of 04/08/21

Last Financing: 24.2 million Units at $1.65
Basic Shares: 158.9 million
Warrants: 31.4 million
Options: 10.8 million
Diluted Shares: 201.1 million

Company Brief

KushCo Holdings, Inc. (OTCQX: KSHB) (www.kushco.com) is a premier provider of ancillary products and services to the legal cannabis and CBD industries. KushCo Holdings’ subsidiaries and brands provide product quality, exceptional customer service, compliance knowledge and a local presence in serving its diverse customer base, which consists of leading multi-state-operators (MSOs), licensed producers (LPs), and brands.

Founded in 2010, KushCo Holdings has now sold more than 1 billion units to growers, brand owners, processors and producers across North America, South America, and Europe, specializing in child-resistant compatible and fully customizable packaging, exclusive vape hardware and technology, and complementary solvents and natural products.

Featured Video

As a pioneer in the industry, KushCo continues to work to create a positive impact on the environment, society, and community through CSR and ESG initiatives, such as: offering sustainable and compostable packaging; donating PPE supplies to healthcare workers on the frontline fighting the COVID-19 pandemic; partnering with organizations such as Mission Green to offer social equity programs for industry inclusion; being one of the first in the industry to award paid time-off for all employees on November 3, 2020 (“Election Day”); and working to incorporate industry-leading corporate governance practices and a more diverse board makeup.


KushCo and Greenlane Merger

KushCo has announced plans to merge with Greenlane, creating the leading ancillary cannabis company and house of brands. The combined company will result in a complementary portfolio with robust cross-selling opportunities.


Highlights

  • Achieved positive adjusted EBITDA and cash flow from operations in FQ4 2020 for the first time in three years
  • Product and service offerings including packaging and labeling, energy and natural products, papers and supplies, vaporizer hardware and technology, creative services, and CBD retail services
  • Solutions for growers, processors, extractors, retailers, dispensaries, brand owners, and more
  • First OTC cannabis stock to be covered by top-tier Wall Street firm
  • 80%+ of current business driven by MSOs, LPs and leading brands; focused on going deeper with this customer group

Growth Strategy

  • Aligning with the leading MSOs, LPs, and brands, who are consolidating the industry and driving the majority of the growthLeverage the growth of legal cannabis through organic and acquisition initiatives
  • Creating stickiness with customer through customizable packaging solutions
  • Increasing sell-through of stainless steel tanks for extractors, which are much cleaner than traditional carbon steel tanks
  • Securing long-term supply agreements with leading MSOs and LPs
  • Aligning workforce and consolidating warehouses to drive efficiency
  • 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
  • One-stop-shop for all packaging, vape hardware, and solvent needs
  • Regulatory insight helps customers remain compliant
  • 10-year track record of successfully providing ancillary products and services to the market
  • More than 59 articles of intellectual property issued or pending
  • Best-in-class customer service and sales organization committed to servicing the needs of the top operators
  • Equipment financing for customers in partnership with XS Financial
  • Partnership with United Pacific to expand CBD distribution to 350 U.S. gas stations and convenience stores


Strategic Plan


Institutional Analyst Coverage

GREG GIBAS
Northland Securities

MIKE HICKEY
Benchmark Company

VIVIEN AZER
Cowen and Company

AARON GREY
Alliance Global Partners

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.