|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.3700 - 4.8900|
|52 Week Range||3.7600 - 7.2000|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 11, 2019 - Apr 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.13|
The cannabis sector has been under pressure this year providing an opportunity to enter some attractive sector stocks with catalysts for stock gains in the 2H of 2019. One such company is KushCo (KSHB) that provides ancillary products to the cannabis and hemp sector. The company benefits from sector growth and a major catalyst that should help the biggest risk to the story.Picks and Shovels PlayKushCo provides the vape products, packing, supplies and accessories needed by the major cannabis brands to cultivate, produce and sale cannabis and hemp products. A prime example of the products sold by the company is the recent deal to sell biodegradable packing solutions for the sector through SunGrown.For this reason, KushCo is positioned to benefit from the ultimate growth in the cannabis sector supply and demand growth without risking the creation of brands or products that consumers want inherent in any retail operation. For this reason, the company generated FQ3 revenue that ended May 31 of $41.5 million, up an incredible 221% from last year and 17.9% sequentially.The biggest issue for the company expected to generate up to $250 million in revenues next fiscal year is profit margins. Gross profit doubled from last year, but gross margins only reached 18%. On a non-GAAP basis, gross margins reached 23%.The company has a long way to go before achieving profits with SG&A expenses over $20 million and a meager gross profit of about $9.5 million. The quarter ended with a much-improved adjusted EBITDA loss of $7.5 million, but KushCo only has a cash balance of $12.2 million. A few more quarters of these losses will require more cash to fund growing operations.Nasdaq UplistingThe major catalyst for the stock is a projected uplisting to the Nasdaq. KushCo announced a filing with the major U.S. stock exchange on July 8. Such a listing could allow the company to obtain greater liquidity and likely execute a secondary offering that would provide the cash to fund operations while reducing the current risk of a weak balance sheet.Investors need to understand that an uplisting induced rally would probably be followed by a secondary offering that hits the stock hard similar to the one in January. Of course, other options exist to fund growth including a merger or equity investment that would likely induce a stock rally.The stock has a market cap in the $440 million range. Being a supplier to the large U.S. multi-state operators and the Canadian LPs. is probably one of the best ways to play the growth of the global cannabis market from $10-$15 billion in annual sales to analyst targets in the next decade to the $200+ billion range.KushCo doesn’t have to worry which MSO or LP generates the most growth, the company just has to play the sector trend and focus on providing the best products for both cannabis and hemp products.TakeawayThe key investor takeaway is that KushCo provides a unique way to play ultimate cannabis and hemp sector growth. The company is supplying the industry with innovative new products such as biodegradable packaging.An uplisting to the Nasdaq should provide a major catalyst for the stock along with an avenue to eliminate the risk: funding. The stock is a risky buy below $5, but cannabis industry stocks trading for less than 2x forward sales are hard to find. For risk adverse investors, the best way to own KushCo is to just wait for another fundraising and pick up the stock on any weakness.Disclosure: No position.Read more: Kushco Holdings (KSHB) Is Cheap, but There’s a Reason for That More recent articles from Smarter Analyst: * Lannett Company (LCI) Stock Makes the Street Go Wild * Top Analyst Shares Two Cents on Amazon (AMZN) Stock as Earnings Approach * Curaleaf Helping to Put U.S. Cannabis Sector on the Map * Netflix’s (NFLX) Original Content Strategy Is Failing; The Stock Is Overvalued
Both small hemp stocks like Isodiol and major cannabis players like Canopy Growth have rolled over in recent weeks, but there are signs of exhaustion by sellers. That's according to the latest report from All Star Charts Institutional, which relies on technical analysis. "Marijuana Stocks have been a mess for a long time and are […]
GrowGeneration Corp. shares rallied Wednesday to mark a rare splash of green in a falling cannabis sector that is still under pressure from the revelations of illegal activity at CannTrust Holdings Inc.
Despite the revenue growth, the company's net loss on a GAAP basis slightly widened from $9.2 million a year ago to $10.6 million. "Our customer base is gaining strength with the largest multistate operators and Canadian LP's starting to scale in existing markets, while also preparing for growth in new emerging geographies — including recently approved Illinois," he said.
Net Revenue Increased 221% Year-Over-Year to $41.5 Million, Setting a New Company Record for Quarterly Revenue; Gross Profit Improved by 4.9% Sequentially to 17.8% on a GAAP Basis GARDEN GROVE, CA / ACCESSWIRE ...
KushCo Holdings, Inc. (OTC: KSHB ), a producer of ancillary products and services to the cannabis and hemp industries, said Monday that it's applied to list on the Nasdaq Global Select Market exchange. ...
GARDEN GROVE, CA / ACCESSWIRE / July 8, 2019 / KushCo Holdings, Inc. (OTCQX: KSHB) (''KushCo'' or the ''Company''), today announced it has filed an application to list the Company’s common shares on the ...
Are you ready for earnings season? We are now heading into a critical period for investors as companies publish their second quarter earnings results and guidance updates. And with stocks at record levels, any disappointment in the data could send prices plummeting. But there are several stocks still primed to outperform. Here we turned to TipRanks’ Earnings Calendar to see which stocks reporting this week have a bullish outlook according to top analysts. Indeed, all three stocks covered below have a ‘Strong Buy’ Street consensus. That’s based on all the ratings received by the stock over the last three months. Let’s take a closer look now: Levi Strauss & Co. (LEVI)Jeans giant Levi is now gearing up for its earnings report on July 9. Investors are keeping a close eye on the event given that the company only just made its market debut in March. That means this is only the company’s second earnings report since it went public. Luckily the signs are positive that the event will prove a success- especially as the Q1 earnings revealed strong broad-based growth. Indeed, the company even sailed into profit-making territory with earnings of $0.37 per share, up from a loss of $0.5 per share a year ago.“We are BUY-rated on LEVI with a $26 PT and remain comfortable with our forecasts ahead of next week's 2Q report” cheers five-star Guggenheim analyst Robert Drbul. In a note aptly titled ‘Levi- 501 reasons to buy the stock’, the analyst set out his expectations for around 4% revenue growth in the quarter to $1.294 billion. That’s alongside 2Q/FY19 EPS estimates of $0.13/$1.07 in-line with consensus. “We believe upside potential to these forecasts is achievable this year, as Levi continues to engage in brand-building partnerships/collabs to drive brand heat” he contends.And looking out past the coming earnings report, Drbul maintains his optimistic tone. “While Levi's already enjoys the highest brand awareness in Denim Bottoms, globally, we believe expansion in underdeveloped segments, including Women’s and Tops, DTC, and markets like China, provide a long runway for growth ahead.” Overall, 3 out of 4 best-performing analysts covering LEVI rate the stock a ‘Buy.’ Their $25.50 average analyst price target translates into 15% upside potential for shares.View Levi Price Target & Analyst Ratings Detail KushCo Holdings Inc (KSHB)Cannabis stock and vape specialist KushCo Holdings is also set to release its earnings report on July 11. And as we can see below, all five analysts rate KSHB a buy ahead of the print. That means the stock has received no hold or sell ratings in the last three months. Plus its $7.90 average analyst price target indicates the stock has significant room to grow with 60% upside potential from current levels.Canaccord Genuity analyst Robert Burleson, for example, has a ‘Speculative Buy’ rating on the stock with a $7.50 price target. That’s in contrast to its current price of just $4.94. Following a positive company management meeting, Burleson told investors: “Vape hardware demand continues unabated, evidenced by recent data from BDS Analytics showing vape’s increasing share of retail sales in [recreational use] markets, somewhat to the detriment of flower [or, dry cannabis] sales… As such, we believe KSHB’s revenue mix from vape hardware is likely to remain elevated.”Similarly Roth Capital’s Scott Fortune sees shares surging to $8. According to Fortune, KSHB is leading the way when it comes to cannabis ancillary products and services- which puts KushCo in prime position to benefit from a rapidly growing legal cannabis industry. The best part is that the analyst sees a slew of catalysts ahead including securing large cannabis operators in key legal (CA) and new states.He is also anticipating “deepening customer relationships, cross-selling opportunity as the one-stop-shop, cannabis-derivative growth, expansion into Canada, potential acquisition take out, and an upcoming uplisting.”View KSHB Price Target & Analyst Ratings Detail Delta Air Lines, Inc. (DAL)US global airline Delta is also fast approaching its earnings results release on Thursday, July 11\. Ahead of the print the mood is upbeat following an encouraging earnings guidance update from Delta on July 2. “Delta expects to produce a strong June quarter with top-line growth, margin expansion and over $1.5 billion of free cash flow” the company told investors. For the quarter, Delta expects earnings per share of $2.25 to $2.35 and revenue growth of 8% to 8.5%, at the high-end of initial guidance provided in April. What’s more, DAL also returned ~$500 million to shareholders through dividends and share repurchases in the quarter. Stifel analyst Joseph DeNardi called the predicted numbers "strong across the board," noting that DAL is one of the biggest beneficiaries of the fact that the grounding of Boeing's (BA) MAX fleet is constraining industry growth. He has a Street-high price target of $90 on the stock (53% upside potential). Bear in mind that shares are already up 18% year-to-date.The news also prompted Stephens’ Jack Atkins to write that: “DAL's IR update yesterday highlights a Domestic passenger airline market that is solidly outperforming the doom and gloom expectations that many had at the start of the year.” As a result Atkins resumed coverage of DAL with a Buy rating and $70 target price (up from $68 previously). The analyst sums up his bullish investing thesis on the stock here: “With fare momentum from both the underlying market and its own revenue initiatives, costs firmly under control and a multi-year tailwind from the recently extended co-branded credit card agreement, we continue to believe DAL is very well positioned to drive shareholder value as it continues to find ways to elevate (and monetize) the customer experience."In total, 8 out of 9 analysts polled rate the stock a 'Buy.' With an average analyst price target of $70, analysts see (on average) 19% upside potential for the months ahead.View DAL Price Target & Analyst Ratings DetailGo to TipRanks' Earnings Calendar for further investing inspiration
KushCo Holdings, Inc. (OTCQX: KSHB) now wants to provide its CBD clients with access to large-scale retail channels, and is doing so by partnering with the full-service consumer products agency C.A. Fortune. KushCo will bring its network of brands and hemp industry know-how to the partnership, while C.A. Fortune, a business in operation since 1977, will provide the access to large-scale mainstream retail channels to KushCo clients. Jason Vegotsky, KushCo's President and Chief Revenue Officer, acknowledged the challenge CBD brands face when trying to get mainstream mass distribution.
GARDEN GROVE, CA / ACCESSWIRE / July 2, 2019 / KushCo Holdings, Inc. (OTCQX: KSHB) (" KushCo " or the " Company "), announced that it has partnered with C.A. Fortune , a leading full-service ...
PHILADELPHIA, July 01, 2019 -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against KushCo Holdings, Inc. (OTC: KSHB) (“KushCo” or the.
NEW YORK, NY / ACCESSWIRE / July 1, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested ...
NEW YORK, July 01, 2019 -- Pomerantz LLP announces that a class action lawsuit has been filed against KushCo Holdings, Inc. (“KushCo” or the “Company”) (OTCMKTS: KSHB) and.
NEW YORK, NY / ACCESSWIRE / July 1, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment.
LOS ANGELES, CA / ACCESSWIRE / July 1, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against KushCo Holdings, Inc. ("KushCo" or "the Company") (KSHB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between July 13, 2017 and April 9, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before July 1, 2019.
NEW YORK, NY / ACCESSWIRE / July 1, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against KushCo Holdings, Inc. ("KushCo" or the "Company") ...
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against KushCo Holdings, Inc. (“KushCo” or “the Company”) (OTC: KSHB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
GARDEN GROVE, CA / ACCESSWIRE / July 1, 2019 / KushCo Holdings, Inc. (OTCQX: KSHB) ("KushCo" or the "Company") today announced it will issue its fiscal third quarter 2019 results press ...
LOS ANGELES, CA / ACCESSWIRE / June 30, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against KushCo Holdings, Inc. ("KushCo" or "the Company") (KSHB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between July 13, 2017 and April 9, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before July 1, 2019.
NEW YORK, NY / ACCESSWIRE / June 30, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against KushCo Holdings, Inc. ("KushCo" or the "Company") ...
NEW YORK, NY / ACCESSWIRE / June 30, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders ...
NEW YORK, June 29, 2019 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of KushCo Holdings, Inc. (OTC: KSHB) from July 13, 2017.
LOS ANGELES, CA / ACCESSWIRE / June 29, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against KushCo Holdings, Inc. ("KushCo" or "the Company") (KSHB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between July 13, 2017 and April 9, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before July 1, 2019.