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Understanding the Real Value Proposition for KushCo Holdings Inc (OTCMKTS:KSHB)

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During recent strength in the cannabis sector, KushCo Holdings Inc (OTCMKTS:KSHB) shares have solidified a technical status well above the stock’s major moving averages, suggesting the longer term upward trend remains in place. This is perhaps one of the most underappreciated stocks in the space. The company has positioned itself to benefit from growth in consumption without being vulnerable to declines in the overall price of cannabis as a commodity after incoming investments in producers inevitably produce a supply glut down the line.

In addition, to expand that positioning, the company just announced it has signed an exclusive sales and innovation agreement with ExtractionTek Sales, LLC, dba. ExtractionTek Solutions, a leading provider of closed-loop hydrocarbon extraction equipment, based in Colorado. According to the release, “The reciprocal agreement is designed to drive additional client expansion for both companies through their complementary operations.”

KushCo Holdings Inc (OTCMKTS:KSHB) is the parent company to a diverse group of business units that are transformative leaders in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries and brands provide exceptional customer service, product quality, compliance knowledge and a local presence in serving its diverse customer base.

KushCo Holdings’ brands include Kush Bottles, a dynamic sales platform that is the nation’s largest and most respected distributor of packaging, supplies, and accessories, Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector, Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures, and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions.

Founded in 2010, KushCo Holdings has now sold more than 1 billion units and regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. KushCo Holdings subsidiaries maintain facilities in the five largest U.S. cannabis markets as well as having a local sales presence in every major U.S. cannabis market.

According to its materials, “KushCo Holdings, strives to be the industry leader for responsible and compliant products and services in the legal cannabis and CBD industry. The Company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and business magazine Inc.  While KushCo Holdings services all facets of the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any products that contain THC or CBD.”

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As noted above, KSHB just hit the wires with news that it has signed an exclusive sales and innovation agreement with ExtractionTek Sales, LLC, dba. ExtractionTek Solutions, a leading provider of closed-loop hydrocarbon extraction equipment, based in Colorado. In all, we’ve witnessed 10% piled on for shareholders of the company during the trailing month.

In addition, the company has benefitted from a jump in recent trading volume to the tune of 10% beyond its prior sustained average level

“Our agreement with ETS will allow us to capitalize on the growing demand for closed loop hydrocarbon extraction by businesses that ultimately need solvents and hydrocarbon gases, generating additional opportunities for our aggressive customer expansion,” said Jason Vegotsky, the President of Kush Supply Co. “ETS provides innovative solutions for quality-manufactured, efficient and safe extraction equipment and maintains strong customer relationships in many of the same key domestic markets that we currently operate within, further enhancing the opportunity to cross-sell our customer base.”

Earning a current market cap value of $461.79M, 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%. This may be a very interesting story and we will look forward to updating it again soon. 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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