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Friday, January 15, 2021

Intriguing Times for Kush Bottles Inc (OTCMKTS:KSHB)

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Kush Bottles Inc (OTCMKTS:KSHB) is a micro-cap name with impressive financials and an interesting niche. The stock is clearly in the cannabis patch by association, producing containers specially designed for the regulated medical and recreational cannabis industry, with an emphasis on B2B contract relationships. We noted a bullish perspective here a couple weeks ago. The stock has moved 7.6% higher in the meantime, picking up catalysts along the way.

We’ve seen a maturation process as the narrative around this stock continues to develop in an intriguing manner. As such, the company just announced that they been invited to participate in Cowen’s Cannabis Colloquium which is being held in New York City on January 12, 2017. Vivien Azer, Cowen’s lead beverage, tobacco & cannabis analyst, is hosting this one-day summit to further explore the growing cannabis markets.

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, greenhouse growers, and medical and recreational cannabis dispensaries.

KSHB sells primarily into the b2b market, which includes legally operating medical and adult-use dispensaries, growers, and MIP producers (Marijuana Infused Products) in states with marijuana programs. The company’s goal is to reach a diversified customer base through direct sales, web, and re-distribution channels. Kush Bottles Inc was founded in 2010 and is based in Santa Ana, California.

According to the company’s press messaging, “Kush Bottles, Inc. provides packaging products and solutions to producers, processors, and retailers operating in the regulated medical and recreational cannabis industry. Founded in 2010, Kush Bottles has sold more than 100 million bottles and regularly services thousands of customers across the United States and Canada. The company primarily services the business-to-business market, which includes legally operated medical and adult-use dispensaries, growers and marijuana-infused product manufacturers. Kush Bottles aims to be the gold standard for responsible branding and packaging in the cannabis industry.”

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As noted above, the company was just invited to Cowen’s Cannabis Colloquium in New York City next week. The event will offer an industry overview, the exploration of regulatory issues and insights into the operations of grows, concentrate manufacturing, dispensaries and accessory shops.

According to the company’s release, Kush Bottles Co-Founder and CEO Nick Kovacevich will be speaking on a panel, along with leaders of other notable companies in the cannabis space, to provide expert industry insight and analysis, including packaging trends and regulations that affect this large sector of the legal cannabis industry.

As we noted previously, there is an interesting dimension to this play because it deals in a concept of widespread legitimacy for the space that seems quite a powerful concept.

In form, this is a so-called “pick and shovel” play on the expanding pie theme in the marijuana landscape in America – the idea being, as the pie expands in terms of a legal sales footprint, whole new industries will develop around the core product: industries dealing in goods and services that have to do with supporting the primary trade.

In the old days, it was just bongs and rolling papers. Now it is grow-lights and real estate and dispensaries and even containers.

Now commanding a market cap of $159.6M, KSHB has a chunk ($1M) of cash on the books, which must be weighed relative to virtually no total current liabilities.

KSHB is seeing rapidly growing trading interest, with the past month seeing more than 120% above the average volume levels in play in this stock over the longer term. This is particularly important with a float in play that’s tiny — fewer than 9.7M shares. KSHB is pulling in trailing 12-month revenues of $8.2M. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 54.6%. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $KSHB stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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