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Monday, October 26, 2020

The Rapid Ascent of Kush Bottles Inc (OTCMKTS:KSHB)

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Kush Bottles Inc (OTCMKTS:KSHB) has been ripping higher and turning heads in the process. Volume has been rising, and share prices have soared higher along with the herd in the marijuana-related space. This boom, as you probably are well aware, is a prefatory movement in anticipation of nine state ballot propositions set to process during voting on November 8, with several of them polling very strongly, suggesting a major expansion in the legal footprint for the pot industry just ahead.

The chart for shares of KSHB stock shows a whopping 97% added to share values of the company over the past month of action. This is emblematic of the stock. KSHB has a brief history littered with sudden rips, though nothing so far of this magnitude. Furthermore, the name has seen interest climb, with an increase in recent trading volume of above 230% beyond what we have been seeing over the larger time frame. This is particularly important with the stock trading on a truly minuscule float at just 2.3 mln shares. One is wise to respect the dynamic this may create — a restricted trading float and a jump in trading volume can crimp supply and push share prices higher.

Kush Bottles Inc (OTCMKTS:KSHB) bills itself as a company that markets and sells packaging products and solutions for the medical and recreational cannabis industries in the United States.

It offers pop top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, polypropylene, or silicone containers to urban farmers, green house growers, and medical and recreational cannabis dispensaries.

The company also sells its products through an online store. Kush Bottles, Inc. was founded in 2010 and is based in Santa Ana, California.

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KSHB is a premier packaging supplier, offering certified child-resistant and custom-branded solutions in all states that permit medical or recreational cannabis use. With over 100 million bottles sold, the company is respected for its quality products, exceptional customer service, fast deliveries, and innovative custom design and branding solutions.

According to the company’s press materials, “Kush Bottles is one of the few cannabis-focused businesses that is publicly traded and has demonstrated profitability and revenue growth without direct involvement with cannabis plants or extracts. The Company has been featured in media nationwide, including CNBC, Los Angeles Times, Entrepreneur.com, TheStreet.com, and Inc. Magazine.”

With all eyes on the cannabis patch, including a number of pick and shovel plays, investors holding shares of KSHB stock should be glad to see growing exposure as a lead theme. For example, the company just announced that its Co-Founder and Chief Executive Officer, Nick Kovacevich, will be speaking at two prominent conferences in the coming weeks.

Kovacevich was asked to participate and provide expert industry insight and analysis at the New West Summit – the first conference to focus exclusively on game-changing and disruptive developments in technology, investment, and media within the cannabis space.

Kovacevich will also be speaking at the Cannabis-Infused Products Forum, offering his expertise on current packaging trends and regulations that affect this large sector of the legal cannabis industry.

The cannabis industry leader was also asked to speak for a second time at the New England Cannabis Convention. Kovacevich will be appearing in the Entrepreneurial Opportunities Forum, along with Shanel Lindsay, Attorney and President of Ardent Cannabis; Beth Waterfall, Chair of Boston Women Grow and Editor at New England Cannabis Network; and Jay Griffin, Partner at Dank Dispensary and Denver Consulting Group.

“I look forward to participating in these educational forums and having the opportunity to share my expertise with investors, entrepreneurs, and those looking to enter the fast-moving legal cannabis market,” Kovacevich said. “I’m humbled to be included among these industry leaders.”

At this time, carrying a capital value in the market of $199.5M, KSHB has a decent store ($354.25k) of cash on the books, with total assets just shy of $4.8M, which compares with a very manageable $304k load of total accumulated debt. This is an excellent balance sheet situation, especially when you consider the action on the top line: KSHB is making real money, with trailing revs already coming in at $7.38M on a strong growth curve, with quarterly y/y revs increasing at 94%. It’s awfully hard to sell a stock that’s acting well ahead of a major catalyst when it has that kind of financial profile, and only 2.3 mln shares rattling around in the float. This is definitely an exciting story in the space and we will continue to keep it on our radar. For continuing coverage on $KSHB and our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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