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Why the Makeover for Kush Bottles Inc (OTCMKTS:KSHB) Could be a Catalyst

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One of the stocks in the patch that we have been consistently high on is Kush Bottles Inc (OTCMKTS:KSHB). The company just announced the relocation of its headquarters from Santa Ana, California, to Garden Grove, California, where the company will encompass two buildings, increasing the square footage from 12,800 sq. ft to a combined 74,500 sq. ft. as part of the development of KushCo Holdings, Inc, and that it is officially changing its name to KushCo Holdings from Kush Bottles Inc. Remember: we are talking about a company with huge topline growth and a far lower EV-to-sales ratio than many other names in the space. Perhaps the makeover is exactly what the doctor ordered.

Rodrigo de Oliveira, Vice President of Operations, commented, “We realize that our customers require world-class service to meet the needs of the rapidly evolving legal cannabis market in the U.S.  Our new campus-like facilities will allow us to meet these needs utilizing a combination of operations best practices founded in GEMBA, Kaizen and 5-S. We will also rely on an increased level of automation to ensure service and quality requirements are met with a focus on continuous improvement in all facets of our business.”

Kush Bottles Inc (OTCMKTS:KSHB) provides packaging products and solutions to producers, processors, and retailers operating in the regulated medical and recreational cannabis industry.

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.

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.

According to the company’s press messaging, “Kush Bottles, Inc. (OTCQB: KSHB) is a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry. Founded in 2010 as a packaging and supplies company for dispensaries and growers, Kush Bottles has sold more than 100 million units and now regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The Company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market.”

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As noted above, the company is relocating and changing its name. This has been one of those quiet success stories, with strong performance in every way over the past year. It’s one we would keep a close eye on. In all, we’ve witnessed 48% added to share values of the stock over the past month of action. Moreover, the name has seen a growing influx of trading interest, with the stock’s recent average trading volume running 59% above its longer-run average levels.

Nick Kovacevich, KushCo’s CEO, stated, “The evolution to KushCo Holdings is symbolic, as we migrate from our beginnings as solely a packaging provider to now a full-service provider of a wide array of ancillary needs – from ultra-pure hydrocarbon gases to vaping products, creative marketing services, as well as our core packaging roots.  I am proud of our Company’s progress to date and we look forward to servicing all the needs of our valued customers for years to come.” Mr. Kovacevich continued, “The relocation to our new headquarters in Garden Grove is another significant milestone in our Company’s development.  We are excited to have a location which reflects our maturation as a company in addition to providing a great environment for our team to continue to lead the transformation of the legal cannabis industry in the United States and abroad.”

Earning a current market cap value of $437.03M, KSHB has a significant war chest ($3.6M) of cash on the books, which stands against about $10.9M in total current liabilities. One should also note that debt has been growing over recent quarters. KSHB is pulling in trailing 12-month revenues of $40.8M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 173.4%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $KSHB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $KSHB, either long or short, and we have not been compensated for this article.

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