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Sunday, May 16, 2021

Here is the Investment Thesis for the Opportunity in KushCo Holdings Inc (OTCMKTS:KSHB)

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We continue to really like KushCo Holdings Inc (OTCMKTS:KSHB). At some point, the flood of investment capital into the cannabis space (most of which has run into producers) is going to lead to over-capacity and a glut in cannabis – after all, it’s a commodity. That will lead to lower cannabis prices and a consequential increase in demand. Investors will be looking for fast-growing stocks in the space that are not growers/producers.

KSHB is a diversified player with nearly 175% growth on the top-line. The company is also building a strong brand, recently announcing that it has joined the Sustainable Packaging Coalition, a membership-based collaborative that is considered the leading voice on sustainable packaging solutions.

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 announced that it has joined the Sustainable Packaging Coalition, a membership-based collaborative that is considered the leading voice on sustainable packaging solutions. In all, we’ve witnessed -7% chopped away for shareholders over the past week of action.

What’s more, the name has registered increased average transaction volume recently, with the past month seeing 18% above its longer-run average levels.

“Joining the Sustainable Packaging Coalition is a milestone not only for our company but for the cannabis industry as a whole. KushCo and its divisions are the first cannabis-related company to join this premier tier of global brands in the SPC. This initiative further demonstrates our commitment to developing sustainable packaging solutions for the cannabis supply chain,” said Chief Executive Officer, Nick Kovacevich.

“We are dedicated to understanding how KushCo can employ innovative methods to develop more environmentally friendly packaging. As the cannabis industry’s largest and most respected distributor of packaging, supplies, and accessories, being a leader in reducing waste in the cannabis industry is an important pillar we internally rally around and plan for this to be a jumping off point for further sustainable company initiatives. As we innovate sustainable packaging options we will use our Koleto team of designers and engineers to further create and develop marketable products in this new tier of packaging awareness. We look forward to working with the SPC and its members to collaborate and determine how we can reduce our environmental impact and we’re excited for the innovative ideas and products which are to come.”

Currently trading at a market capitalization of $399.69M, 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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