KSHB - KushCo Holdings, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.6600
+0.0500 (+8.20%)
At close: 3:58PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.6100
Open0.6449
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.6300 - 0.6950
52 Week Range0.3000 - 5.9700
Volume879,517
Avg. Volume1,018,160
Market Cap71.236M
Beta (5Y Monthly)1.95
PE Ratio (TTM)N/A
EPS (TTM)-0.5800
Earnings DateApr 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • ACCESSWIRE

      KushCo Holdings Reports Fiscal Second Quarter 2020 Results

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      KushCo Holdings, Inc. to Host Earnings Call

      NEW YORK, NY / ACCESSWIRE / April 8, 2020 / KushCo Holdings, Inc. (OTCMKTS:KSHB) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on April 8, 2020 at 4:30 ...

    • Earnings Preview: KUSHCO HOLDINGS, INC. (KSHB) Q2 Earnings Expected to Decline
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    • ACCESSWIRE

      KushCo Holdings to Report Fiscal Second Quarter 2020 Financial Results on Wednesday, April 8, 2020

      CYPRESS, CA / ACCESSWIRE / April 1, 2020 / KushCo Holdings, Inc. (OTCQX:KSHB) (''KushCo'' or the ''Company''), the premier producer of ancillary products and services to the legal cannabis and CBD industries, ...

    • MarketWatch

      KushCo CFO to depart amid restructuring plan

      KushCo Holdings Inc. said late Thursday that the company's chief financial officer was departing as the company restructures amid the COVID-19 pandemic. KushCo said that it is further working to expand its customer base of larger cannabis companies in Canada and the U.S. because small and mid-size companies have been struggling financially following the vape illness crisis. KushCo said it was reducing its warehouse footprint, reducing its inventory and offering a "simplified" batch of products. KushCo also said it had laid off 49 employees, which combined with other staff cuts beginning in September will result in an overall workforce reduction of 50%. The company said it expected the restructuring to take several months. Current CFO Christopher Tedford will leave KushCo April 10, and will be replaced by current executive vice president of corporate development, Stephen Christoffersen, who has been in that role since 2018. KushCo said it would report financial results for the fiscal second quarter in April. KushCo stock gained 15.7% during the regular session Thursday, as the Cannabis ETF rose 11.1%.

    • ACCESSWIRE

      KushCo Holdings Announces New Strategic Plan, Leadership Changes and Significant Cost-Cutting Efforts to Accelerate Path to Positive Adjusted EBITDA

      CYPRESS, CA / ACCESSWIRE / March 26, 2020 / KushCo Holdings, Inc. (KSHB) (''KushCo'' or the ''Company''), the premier producer of ancillary products and services to the legal cannabis and CBD industries, today announced the unveiling of its new strategic plan for achieving positive adjusted EBITDA, including recent changes to its leadership team and significant cost-cutting efforts to right-size the business. "After more than doubling sales in each of the last five years, we entered fiscal 2020 embarking on a new strategy to rationalize all aspects of our operations, align ourselves deeper with the best and promising cannabis and CBD operators, and pave an achievable pathway toward near-term profitability," said Nick Kovacevich, KushCo's Co-founder, Chairman and Chief Executive Officer. As a result, we have taken quick and decisive steps these past six months, and especially these past few weeks, to significantly reduce our overhead, streamline our warehouses, reduce our inventory, and drastically alter our sales strategy and resources to rely even less on the smaller operators, while doubling down on our efforts to solidify and strengthen our core base of large MSOs, LPs, and leading brands.

    • MarketWatch

      KushCo pulls full-year guidance and warns on second-quarter revenue

      KushCo Holdings Inc. said Friday that it expects fiscal second-quarter revenue would sequentially decline 14% to roughly $30 million from the first quarter. KushCo revenue would decline because of a slower-than-expected rebound in demand for vape hardware, weakness in the California market, a slow start to its hemp trading business, delays in second-generation cannabis products in Canada and the extension of the Chinese New Year Holiday. Most vaporizer hardware is made in China. KushCo stock fell 9.2% in Friday trading. KushCo also said it was retracting its fiscal 2020 net revenue guidance of $230 million to $250 million, which it originally issued in November. "Our revenue for fiscal Q2 was negatively impacted by several short-term factors, but we are fortunately seeing strong fundamental trends across the business that give us confidence for a stronger second half of the fiscal year and beyond," KushCo CEO Nick Kovacevich said in a statement. KushCo stock has plunged 91% in the past year, as the S&P 500 index fell 10.2%.

    • ACCESSWIRE

      KushCo Holdings Announces Preliminary Fiscal Second Quarter 2020 Revenue Results and Provides Corporate Updates

      CYPRESS, CA / ACCESSWIRE / March 13, 2020 / KushCo Holdings, Inc. (KSHB) (''KushCo'' or the ''Company''), the premier producer of ancillary products and services to the legal cannabis and CBD industries, today reported preliminary revenue results for its fiscal second quarter ended February 29, 2020. The Company also provides general corporate updates regarding the business and the recent outbreak of COVID-19 ("Coronavirus"). KushCo expects its fiscal second quarter 2020 revenue to be approximately $30 million, compared to $35.0 million in its fiscal first quarter 2020.

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      KushCo Holdings to Offer Equipment Financing to Network of Thousands of Cannabis and CBD Operators by Acquiring Interest in Xtraction Services

      CYPRESS, CA / ACCESSWIRE / January 31, 2020 / KushCo Holdings, Inc. (KSHB) (''KushCo'' or the ''Company''), the premier producer of ancillary products and services to the legal cannabis and CBD industries, has partnered with Xtraction Services Holding Corp. (CSE:XS)(OTCQB:XSHLF) ("Xtraction Services" or "XS"), a rapidly growing specialty finance company that provides equipment leasing solutions to owners and operators of cannabis and hemp companies in the United States, to offer equipment financing to KushCo's network of thousands of compliant cannabis and CBD operators. Founded in 2017, Xtraction Services specializes in providing equipment financing solutions to cultivators, oil processors, manufacturers, and testing laboratories, among others.

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      As the cannabis stocks trade at multi-year lows, the market is looking to grasp at any positive news from the upcoming earnings season. Any positive news from Q4 sales or insights on the Cannabis 2.0 rollout in Canada will breath some relief into the market.The North American cannabis industry has plenty of catalysts by midyear 2020, but the related companies were built for robust revenues and much larger markets. The keys to watch in the upcoming earnings reason are the ability of cannabis companies to generate profits from the current market opportunities and not the previous grand expectations.Several big catalysts for cannabis revenue growth in 2020 include CBD in the U.S., Cannabis 2.0 rollout in Canada, additional retail stores in Ontario and the approval of recreational cannabis in U.S. states such as Illinois. Not to mention, the U.S. always has the potential for the federal government to approve cannabis allowing for the ultimate prize for cannabis companies and investors alike.The market projections for the global cannabis market reaching $200 billion in the future should stand. For now, cannabis stocks in Canada and the U.S. have to focus on maintaining liquidity to survive and eventually thrive in the disappointing sales ramp in North America and around the globe. A lot of the Canadian issues should resolve themselves over the next few quarters, but the illicit market remains a formidable competitor and investors shouldn’t assume the profit picture improves dramatically in the near term with so much competition.We’ve delved into three cannabis companies that recently reported quarterly results through November 30 with commentary covering the early part of January. Using TipRanks' Stock Comparison tool, we lined up the three alongside each other to give us an idea of what the Street thinks is in store for the trio in the year ahead.Aphria (APHA)The most influential earnings report of early January was Aphria. The company is one of the larger Canadian cannabis LPs and provides a good indication of market demand into the first couple of weeks of January.The good news is Aphria grew net cannabis revenues by 9% sequentially for the quarter ending November 30. The bad news is that the cannabis company cut FY20 revenue guidance by an astounding $75 million.The revenue cut wasn’t a huge shock to the market considering the Ontario regulators pushed new retail store openings out until April and Aphria has a fiscal year ending in May. This timing issue combined with vape bans in Alberta and Quebec and the possibility of a major revenue ramp up this fiscal year was near impossible.For FQ2, the company reported revenue declined by C$5.5 million to C$120.6 million. The major revenue hit came from a reduction of distribution revenue in Germany.The stock dipped 8% on the news to $5 based on the revenue cut and the hit to EBITDA targets. Aphria now expects FY20 EBTIDA of only C$35 million to C$42 million, down from an estimate of over C$90 million.The company remains one of the rare Canadian companies generating positive EBITDA due to reasonable operating expenses, but the market needs to absorb this revenue cut before the stock can rally this year.All in all, Wall Street is split between the bulls and those who are more cautious on the cannabis player, with TipRanks analytics exhibiting APHA as a Moderate Buy. Out of 4 analysts tracked in the last 3 months, 2 are bullish on Aphria stock while 2 remain sidelined. With a return potential of 23%, the stock's consensus target price stands at $6.36. (See Aphria stock analysis at TipRanks)OrganiGram (OGI)OrganiGram had one of the better reports in the cannabis sector in the last few quarters. The stock has soared over 45% on the news, yet OrganiGram isn’t even back to the highs from November.For the quarter ending in November, the Canadian cannabis company reported net revenues of C$25.2 million. The amount beat estimates, but the company is still below the revenue levels from mid-2019 and the beat occurred due to low calorie wholesale revenues of C$9.5 million.The rally is more of a relief that the numbers didn’t get worse despite investor knowledge that monthly cannabis sales in Canada have slowly improved throughout the year. In addition, OrganiGram generated quarterly EBITDA of C$4.9 million for a 9% EBITDA margin.The company has a fully diluted market cap of $500 million with a FY21 sales target in the $170 million range. The stock trades at a reasonable 3x forward sales, but OrganiGram only has a minimal C$34 million cash balance and already has C$85 million in debt.The company forecasts having enough capital to fund operations and capital expenditure plans, but those plans include rolling out Cannabis 2.0 products in 2020 and further facilities. Investors should expect OrganiGram to take advantage of this stock rally to $3 to utilize the at-the-market equity program to raise the C$32 million available under the program after raising C$23 million subsequent to quarter end.Where does the Street side on this cannabis producer? It appears mostly bullish. Out of 10 analysts polled by TipRanks in the last 3 months, 6 are bullish on OrganiGram stock while 3 remain sidelined and one is bearish. With a return potential of nearly 43%, the stock’s consensus target price stands at $4.73. (See OrganiGram stock analysis at TipRanks)KushCo (KSHB)KushCo provided an alternative view to the cannabis sector as the company is focused on providing products and services to the U.S. cannabis market. The company took a revenue hit in the last quarter from the health concerns in the U.S. vape market.Quarterly revenues were up 38% from last year to $35 million, but the numbers were down from the $47 million reported in the prior quarter. KushCo missed analyst estimates by a wide margin as customers reduced vape inventory levels in fears of bans by state regulators.The company still guided to full year revenues of $240 million in expectations that customer orders catch up over the remaining three quarters of the year. KushCo laid off 53 people in order to improve the profitability picture after reporting a $12.5 million loss in the quarter, but the employee reduction only saves ~$4.3 million in annual savings.The stock has a minimal market valuation of $175 million, but the tough market and limited margins should leave investors on the sidelines here. KushCo continues to lose too much money and only ended the November quarter with a cash balance below $15 million.To find good ideas for cannabis stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

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      Net Revenue Increased 38% Year-Over-Year to $35.0 Million with Gross Margin Up for the Fourth Consecutive Quarter CYPRESS, CA / ACCESSWIRE / January 8, 2020 / KushCo Holdings, Inc. (OTCQX: KSHB) ("KushCo" ...

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      KUSHCO HOLDINGS, INC. (KSHB) May Report Negative Earnings: Know the Trend Ahead of Q1 Release

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