Geometry Dash APK Hill Climb Racing APK
69.6 F
New York
Saturday, May 28, 2022

Kush Bottles Inc (OTCMKTS:KSHB) Broadens Its Oregon Footprint

Must read

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

Kush Bottles Inc (OTCMKTS:KSHB) is an interesting play in the cannabis patch. The company has the financials in place to present to the market a compelling story for momentum investors. But shares haven’t responded very well since its massive rip higher from August to October of last year, a period that saw nearly 300% in gains in just about 60 days. Since then, it has been a slow grind back lower. This is despite a simple profile that includes major top-line growth and an extremely strong balance sheet.

One thing we have seen of late is a company that is trying to expand and put its cash to use. For example, the company recently announced that it has begun to add personnel and resources to build the company’s presence in the state of Oregon. In addition, Kush Bottles has expanded its Oregon product line and now has more than 100 products approved for sale by the Oregon Liquor Control Commission

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.”

Find out when $KSHB stock reaches critical levels. Subscribe to Right Now by entering your Email in the box below.

As noted above, the company is making a real effort to broaden its Oregon footprint. Kush Bottles CEO Nick Kovacevich commented: “Oregon is one of our most important markets, and I am pleased to be adding personnel and products that will enable us to provide better service and a wider range of merchandise to this vital region. Our goal is to become the leading brand in the state by offering a comprehensive selection of OLCC approved products, exemplary customer service, and customizable options that make us the clear choice for marijuana packaging and supplies.”

In an interesting additional note, the company has also issued a statement regarding the state of the marijuana industry landscape: “The cannabis industry continues to grow and evolve at a rapid pace,” said Nick Kovacevich, CEO of Kush Bottles. “In November, four more states approved recreational adult-use cannabis, with an additional four states approving cannabis for medical use. This now brings state legalized cannabis to more than 50% of the country.  Although cannabis has yet to be legalized federally, it’s worth noting that the Department of Justice is prohibited from interfering with businesses or individuals that are complying with medical marijuana state laws.”

This statement reflects a growing unease among cannabis patch players with how the Trump administration may be working toward a process of federally interfering with the legalization wave over recent quarters and years.

We’ve witnessed -10% struck out of share values in the stock over the past week of action. However, KSHB has evidenced sudden upward volatility on many prior occasions. Furthermore, the listing has registered increased average transaction volume recently, with the past month seeing exceeding 130% beyond what we have been seeing over the larger time frame.

It pays to take note of this fact due to the tiny float size in the stock (of 16.7M shares). One is wise to respect the dynamic this may create — ramping trading activity can overwhelm available supply in a stock with this type of small float, leading to an upward burst in prices. Since we last covered the name, the stock has moved -21.1%.

At this time, carrying a capital value in the market of $104.4M, Kush Bottles Inc has a stash ($2M) of cash on the books, which compares with virtually no total current liabilities. KSHB is pulling in trailing 12-month revenues of $9M. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 43.7%. We will update the story again soon as developments transpire. 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!

Latest article

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan

88 Energy Ltd (OTCMKTS:EEENF) Stock In Focus After Recent News

Every day plenty of investors look for stocks to invest in from the oil and gas sector. It is a vast industry...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service