Kush Bottles Inc (OTCMKTS: KSHB) is making a highly explosive move up in recent trading off its base under $4 per share. The stock has transformed into a volume powerhouse and is currently among the top most traded stocks on the OTCBB.
Cannabis is a great place to be; according to a recent report from Arcview Market Research and its research partner BDS Analytics, over the next 10 years, the legal cannabis industry will see much progress around the globe and spending on legal cannabis worldwide is expected to hit $57 billion by 2027. The adult-use (recreational) market will cover 67% of the spending; medical marijuana will take up the remaining 33%. The largest group of cannabis buyers will be in North America, going from $9.2 billion in 2017 to $47.3 billion a decade later. Of course much of this hinges on how laws progress.
Kush Bottles 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 such as Kush Bottles, Kush Energy, The Hybrid Creative, and Koleto Packaging Solutions. Founded in 2010 as a packaging and supplies company for dispensaries and growers, Kush Bottles has sold more than 1 billion units and now regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The Company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market.
Kush is doing huge sales. the Company recently said it will report over $51 million in annual revenue for the fiscal year ended August 31st, 2018, representing an increase of approximately 171% compared with the fiscal year ended August 31st, 2017. The record setting revenue numbers demonstrate the continued rapid growth of the Company, following a series of initiatives to drive organic growth, as well as strategic M&A activity. These efforts have allowed the Company to expand its product portfolio and implement a more efficient distribution platform. The Company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and business magazine Inc.
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Earlier this year KSHB expanded into Canada when they launched Kush Supply Co., a new subsidiary based in Toronto, Ontario, with a national sales force leveraging the robust infrastructure of Kush Bottles’ current distribution platform. This new subsidiary will serve licensed producers, processors, retailers and distributors throughout Canada and will be led by Gordon Woolley, Vice President, and Mark Doerr, Regional Sales Director.
As the industry leading provider of responsible and compliant packaging and ancillary products in the U.S., the Company looks forward to bringing the same discipline and level of service to the expanding Canadian market in preparation for October 17th, 2018 when adult cannabis use becomes legal nationwide in Canada. Understanding the unique needs of this market, and working within the guidelines put forth by Health Canada, Kush Supply Co. is positioned to become the leading provider of child-resistant product lines, along with other innovative solutions, put forth by Koleto Packaging Solutions, the new research and development arm launched by Kush Bottles, Inc. earlier this summer.
On October 4 KSHB announced it has signed an exclusive sales and innovation agreement with ExtractionTek Sales, LLC, dba. ExtractionTek Solutions (“ETS”), a leading provider of closed loop hydrocarbon extraction equipment, based in Colorado. The reciprocal agreement is designed to drive additional client expansion for both companies through their complementary operations.
Under the terms of the agreement, Kush Energy will refer any of these customers that may also need extraction equipment to ETS. In turn, ETS will also refer its hydrocarbon equipment customers that have a need for solvents and hydrocarbons to KushCo’s Kush Energy division. To optimize the partnership, Kush Energy and ETS will also train each other’s teams about trends, best practices, safety and operational standards. The mutually beneficial agreement is for an initial two-year period, with an option to renew thereafter.
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Currently trading at a $471 million market valuation KSHB has a strong balance sheet with $3.5 million in the treasury as well as $10 million in inventory and small very manageable debt. The Company is emerging as a revenue powerhouse recently announcing it will report over $51 million in annual revenue for the fiscal year ended August 31st, 2018, representing an increase of approximately 171% compared to last year. Kush has also been very successful in getting its name into the media appearing in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and business magazine Inc. KSHB has a attracted a fast growing shareholder base which has transformed KSHB into one of the top most traded stocks on the entire OTCBB. 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.
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Disclosure: we hold no position in KSHB either long or short and we have not been compensated for this article.