How KushCo Holdings Inc (OTCMKTS:KSHB) is Weathering the Storm

How KushCo Holdings Inc (OTCMKTS:KSHB) is Weathering the Storm

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Shares of KushCo Holdings Inc (OTCMKTS:KSHB) have traced along in a lateral range for the better part of the past 18 months. The fact that the stock continues to trace out this pattern without breaking to the downside during a period of legal attack by so many law firms is a testament, quite frankly, to what the company has going for it, including a sturdy balance sheet and massive sales growth. To further flesh out the story, the company just announced that it has added two new members to its leadership team with the hires of Cathleen Lu as Vice President of Financial Planning and Analysis and Mandie Malinosky as Vice President of Packaging Product.

According to the release, “in her role as Vice President of Financial Planning and Analysis, Cathleen Lu will be responsible for overseeing the financial planning, forecasting, reporting and analysis across our various businesses, including acquisitions and investments as the Company continues to execute on its growth strategy to grow both organically and through strategic M&A opportunities… Mandie Malinosky joins KushCo as Vice President of Packaging Product. Ms. Malinosky has over a decade of sales and account management experience, including over seven years working in the packaging industry.”

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 added two new members to its leadership team with the hires of Cathleen Lu as Vice President of Financial Planning and Analysis and Mandie Malinosky as Vice President of Packaging Product.

Recent action has seen 7% during the past week in terms of shareholder gains in the stock. Furthermore, the company has witnessed a pop in interest, as transaction volume levels have recently pushed 27% over the long run average.

”In our continued efforts to become an industry leader with regard to financial controls, corporate governance and product innovation, we are thrilled to onboard top-talent such as Cathleen Lu and Mandie Malinosky. Cathleen’s strategic financial planning experience will serve as an invaluable resource as we expand our FP&A and M&A activity. Furthermore, cannabis is the Next Great Frontier in packaging and Mandie’s experience will help reinforce KushCo as the gold standard of product innovation within this dynamic industry,” said Nick Kovacevich, CEO of KushCo Holdings.

Earning a current market cap value of $454.94M, KSHB has a significant war chest ($17.9M) of cash on the books, which is balanced by about $19.1M in total current liabilities. KSHB is pulling in trailing 12-month revenues of $93.4M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 239.5%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. 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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