KushCo Holdings, Cannabis Company Revenue Up by Triple Digits, Analysts Review and Target
NEW YORK, NY / ACCESSWIRE / October 16, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on KushCo Holdings, Inc. (KSHB) whose brands include Kush Bottles, a 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 creative design agency for cannabis and non-cannabis ventures, and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions.
In early August, KSHB shares were trading at $3.89 per share. Since then the company has seen its shares steadily rise to the current price of $6.02.
Analyst review, price target, financial data and more in this comprehensive report READ MORE
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The company expects to 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.
Crossing the $51 million revenue mark is another significant indicator that the U.S. cannabis space is now a legitimate industry, producing major revenues, employment, and tax income. As more and more states move towards legalization of medical and adult use cannabis programs, the company expects that the industry would continue to see rapid growth and a race amongst businesses to achieve the scale needed to serve this major industry.
Recent company highlights and more in this in-depth research report, no obligation READ MORE
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SOURCE: Traders News Source
