Back to Black on Kush Bottles Inc(OTCMKTS:KSHB)

0

Kush Bottles Inc(OTCMKTS:KSHB) is making a strong move up on accelerating volume. The stock saw an explosive rise in late 2016 to highs near $5 a share but has come back down since then.

KSHB is at the right place at the right time; The MJ sector continues to grow; according to Forbes North American marijuana sales grew by an unprecedented 30% in 2016 to $6.7 billion as the legal market expands in the U.S. and Canada, according to a new report by Arcview Market Research. North American sales are projected to top $20.2 billion by 2021 assuming a compound annual growth rate of 25%. The report includes Canada for the first time as it moves towards implementing legal adult use marijuana.

Kush Bottles Inc(OTCMKTS:KSHB) is a premier packaging supplier, offering certified child-resistant and custom-branded solutions in all states that permit medical or recreational cannabis use. With over 100 million bottles sold, the company is respected for its quality products, exceptional customer service, fast deliveries, and innovative custom design and branding solutions.

Kush Bottles is one of the few cannabis-focused businesses that is publicly traded and has demonstrated profitability and revenue growth without direct involvement with cannabis plants or extracts. The Company has been featured in media nationwide, including CNBC, Los Angeles Times, Entrepreneur.com, TheStreet.com, and Inc. Magazine.

Earlier this year KSHB announced record third quarter revenues; revenues for the three months ended May 31, 2016 jumped to $2,322,638, a 94% increase over revenues of $1,198,083 in the year-ago quarter, and were 29% higher sequentially than revenues of $1,798,539 for the second quarter ended February 29, 2016.  The revenue growth was primarily attributable to the Company’s continued sales growth across California, Oregon, Washington, and Colorado as well as modest but early sales from the launch of a new product line and the implementation of a new custom packaging website.

The Company achieved record net income of $23,284, or $0.00 per share, compared with a net loss of ($76,393), or ($0.00) per share, in the year-ago quarter.  For the third quarter ended May 31, 2016, cost of goods sold increased to $1,588,302 from $779,652 a year earlier due to substantially higher revenues.  Gross profit for the third quarter ended May 31, 2016 rose to $734,336, for a 32% gross margin compared with $418,431 and a 35% gross margin in the year-ago quarter.  The substantial increase in gross profits was primarily due to the Company’s continued penetration of the California, Oregon, Washington and Colorado markets.

To Find out the inside Scoop on KSHB Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Kush Bottles launched their new product line, BudGloves™, in April 2016. These premium quality gloves, created by Kush Bottles, meet the specific requirements of the cannabis industry and provides customers with an affordable and effective solution for handling cannabis plants, extracts and other products. They are powderless, non-stick, food-safe, and manufactured to meet industrial-grade standards.

In May, the Company implemented a new website that allows customers to submit design inquiries so they may customize the packaging of their specific brand. This new site has helped increase the number of return customers, attracted new first-time customers, enables scalability and has lead to higher website conversion rates and an overall return on investment.

On October 11 KSHB announced it will host a company presentation at this year’s New West Summit, at the Marriott City Center Hotel in Oakland, California. The presentation will take place on Friday, October 13, 2017 at 12:00 p.m. Pacific Time.

Mr. Kovacevich will also participate on a panel discussion at the conference related to the cannabis industry. The panel, titled “The Current Climate Of Marijuana State vs. Federal Law,” will be held at 1:00 p.m. Pacific Time on the same day, Friday, October 13, in the East Hall, Room B.

“The cannabis sector is undergoing a fundamental shift as the market moves toward legalization and an increasing number of states tax and regulate the sector. As a result, businesses are becoming increasingly sophisticated and turning to Kush Bottles’ packaging and branding solutions to help them navigate the changes in the market,” Mr. Kovacevich, CEO of Kush Bottles, commented. “Utilizing the right packaging and branding can be essential to staying on the right side of state law. We offer FDA-compliant packaging solutions that allow producers of medical and adult-use cannabis to comply with state guidelines, while also promoting their unique brand message. Our knowledge and expertise of the law in all U.S. states has made Kush Bottles a valued partner to our clients as they navigate the complexities of the market. I look forward to discussing the current legal climate in further detail at the New West Summit, and to hosting a presentation focused on Kush Bottles for interested investors.”

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $122 million market valuation KSHB had $750k in the treasury according to their latest filing as well as significant fast growing revenues reporting sales of $ 10,161,813 for the 9 months ended May 31, 2017. KSHB is an exciting story in small caps; the Company is a premier packaging supplier, offering certified child-resistant and custom-branded solutions in all states that permit medical or recreational cannabis use. With over 100 million bottles sold, the company is respected for its quality products, exceptional customer service, fast deliveries, and innovative custom design and branding solutions. We will be updating on KSHB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with KSHB.

Sign Up now for our 100% FREE Penny Stock Newsletter

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

Share.

Leave A Reply

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.