The story of late for KushCo Holdings Inc (OTCMKTS:KSHB) is clearly about dodging scandal and maintaining support, and then, hopefully, finally paying off its long-term lateral chart consolidation with a fresh breakout of the range to continue the bullish trend set into place in late 2017. To further flesh out the story of a possible reemergence of growth and catalysts, the company just announced that it has partnered with C.A. Fortune, a leading full-service national consumer products sales and marketing agency focused on lifestyle brand partnerships, to provide viable CBD companies access to large scale, conventional retail channels.
According to the release, “The groundbreaking partnership will be the first large scale go-to-market operation focused on helping compliant CBD brands achieve mass distribution across legal markets in the U.S. The combination of KushCo’s extensive network of brands and specific hemp industry knowledge paired together with C.A. Fortune’s industry-leading reach into all retail channels, will offer KushCo clients an additional avenue to activate their CBD products.”
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 partnered with C.A. Fortune, a leading full-service national consumer products sales and marketing agency focused on lifestyle brand partnerships, to provide viable CBD companies access to large scale, conventional retail channels.
We’ve witnessed 7% added to share values of the listing over the past month of action. What’s more, the name has seen a growing influx of trading interest, with the stock’s recent average trading volume running 15% beyond its prior sustained average level.
“One of the challenges of building a national CBD brand is obtaining mass distribution into mainstream retailers across the U.S. and this partnership immediately upgrades the go-to-market plans for CBD brands.” said Jason Vegotsky, Chief Revenue Officer and President of KushCo Holdings. “There is no better time to be a part of the KushCo ecosystem. In addition to our unrivaled ancillary product offerings, we are now expanding into value added services, none greater than this partnership, which puts our client’s brands in position to dominate mainstream retail.”
At this time, carrying a capital value in the market of $439M, KSHB has a significant war chest ($17.9M) of cash on the books, which stands against 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 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.