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KushCo Holdings
Company type Public
OTCQB: KSHB
Industry Cannabis
Founded2010; 14 years ago (2010)
FoundersNicholas Kovacevich, CEO
Dallas Imbimbo
Headquarters
Garden Grove, California
,
U.S.
Area served
 United States
Products
Website kushco.com

KushCo Holdings is an American company that sells packaging, containers, and other ancillary products for the cannabis industry. [1] It is based in Garden Grove, California and is publicly traded on the New York OTCQB marketplace under the stock ticker symbol, KSHB.

History

KushCo Holdings FKA Kush Bottles was founded in 2010 by Nicholas Kovacevich and Dallas Imbimbo in Santa Ana, California. [2] [3] In 2013, the company lobbied for regulations requiring child-resistant packaging for medical and retail marijuana in Colorado. [4] Ben Wu was appointed [5] CEO of the company in 2014 [6] [7] while Kovacevich held the role of COO. [4] KushCo Holdings incorporated in Nevada in 2014. [8] It also acquired the KIM International Corporation in 2014. [9] [10] . [2] In May 2015, Kush acquired the Colorado-based packaging manufacturer, Dank Bottles founded by Justin Jones. [11] [12] In October 2015, it launched an eCommerce site for its clients, mostly dispensaries and producers of cannabis. [2] [11] In December of that year, the company went public on the OTCQB marketplace with the stock ticker symbol, KSHB. [11]

In May 2017, KushCo Holdings acquired CMP Wellness, a distributor of vaporizers and associated accessories. [13] [14] The same month it also acquired Roll-Uh-Bowl, a supplier of silicone water pipes. [15] By the end of 2017 the company had sold 100 million things and had 4,000 legal cannabis clients. [16] Also in 2017, revenue for the company rose 258% compared to the previous year. [17] In February 2018,

Kush Co Holdings received $6 million in equity funding from Mérida Capital Partners with the goal of expanding product lines and entering new markets. [18] In March 2018, the company announced its intention to open a distribution center in Massachusetts. [19]

KushCo Holdings moved into the Cannabidiol market in 2018 with the purchase of Summit Innovations, a vaporizer brand that sells products to turn cannabis into CBD oil. [20]

KushCo Holdings sells a variety of ancillary cannabis-related products. [21] [22]

References

  1. ^ "KushCo Holdings – Cannabis Packaging, Supplies and Branding Solutions". New Cannabis Ventures. Retrieved 2020-03-30.
  2. ^ a b c Ratzlaff, Angela (October 15, 2015). "Kush Bottles lights up pot industry with online sales". Orange Country Register. Retrieved April 3, 2018.
  3. ^ Kaplan, Jennifer (January 22, 2018). "Keeping Hands Off Weed Lets Startup Thrive in Volatile Pot World". Bloomberg. Retrieved April 3, 2018.
  4. ^ a b Butschli, Jim (August 29, 2013). "Container company supports child-proof packaging for marijuana products". Healthcare Packaging. Retrieved April 3, 2018.
  5. ^ "Executive Profile - Ben Wu". Bloomberg. Retrieved April 3, 2018.
  6. ^ Pierson, David (May 8, 2014). "Marijuana boom spawns ancillary businesses". Los Angeles Times. Retrieved April 3, 2018.
  7. ^ Weigel, David (March 13, 2014). "Cheech and Chong and Reagan". Slate. Retrieved April 3, 2018.
  8. ^ "KushCo Holdings Inc - Company Profile and News". www.bloomberg.com. Retrieved 2020-03-30.
  9. ^ Summers, D.J. (March 7, 2018). The Business of Cannabis: New Policies for the New Marijuana Industry. Praeger. ISBN  9781440857874.
  10. ^ "Kush Bottles, Inc. - Form 10-Q". United States Securities and Exchange Commission. Retrieved April 3, 2018.
  11. ^ a b c Ratzlaff, Angela (December 2, 2015). "Santa Ana marijuana bottling company decides to go public". Orange County Register. Retrieved April 3, 2018.
  12. ^ "Kush Bottles buys marijuana packaging distributor Dank". Packing Business Review. May 13, 2015.
  13. ^ Narayan, Shwanika (May 4, 2017). "Redondo Beach Vaporizer Distributor Sold to Cannabis Supply Company". Los Angeles Business Journal. Retrieved April 3, 2018.
  14. ^ "Kush Bottles 2018 Annual Report". Nov 12, 2019. Retrieved Jan 9, 2020.
  15. ^ "Kushco Holdings Investor Report 8-K". July 2018.
  16. ^ "Cannabis Packaging Provider Kush Bottles Shares its Vision at New..." New Cannabis Ventures. Retrieved 2020-03-30.
  17. ^ "Kush Bottles Q1 Sales Grow 258% to $8.85 Million". New Cannabis Ventures. Retrieved 2020-03-30.
  18. ^ "Kush Bottles teams with Merida, snags $6 million investment". Marijuana Business Daily. February 15, 2018. Retrieved April 3, 2018.
  19. ^ Schoenberg, Shira (March 12, 2018). "Businesses sprout up to support Massachusetts marijuana industry". MassLive. Retrieved April 3, 2018.
  20. ^ "Kush Bottles Closes Acquisition of Summit Innovations, LLC". New Cannabis Ventures. Retrieved 2018-07-11.
  21. ^ Kaplan, Jennifer (July 7, 2017). "The Weed Industry Wants to Class Up Your Joints". Bloomberg. Retrieved April 3, 2018.
  22. ^ Fox, Hayley (September 18, 2017). "5 Companies That Cash In on Cannabis Without Ever Touching the Product". LA Weekly. Retrieved April 3, 2018.

External links

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