Kush Bottles

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KushCo Holdings
Public
Traded asOTCQB: KSHB
IndustryCannabis
Founded2010
FoundersNicholas Kovacevich, CEO
Dallas Imbimbo
Headquarters,
Area served
United States
Products
Websitekushco.com

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

History[edit]

KushCo Holdings FKA Kush Bottles was founded in 2010 by Nicholas Kovacevich and Dallas Imbimbo in Santa Ana, California.[1][2] In 2013, the company lobbied for regulations requiring child-resistant packaging for medical and retail marijuana in Colorado.[3] Ben Wu was appointed[4] CEO of the company in 2014[5][6] while Kovacevich held the role of COO.[3] KushCo Holdings incorporated in Nevada in 2014.[citation needed] It also acquired the KIM International Corporation in 2014.[7][8] In August 2014, Ben Wu became the company's COO[4] while Kovacevich assumed the role of CEO soon after (a title he still holds).[1] In May 2015, Kush acquired the Colorado-based packaging manufacturer, Dank Bottles.[9][10] In October 2015, it launched an eCommerce site for its clients, mostly dispensaries and producers of cannabis.[1][9] In December of that year, the company went public on the OTCQB marketplace with the stock ticker symbol, KSHB.[9]

In May 2017, KushCo Holdings acquired CMP Wellness, a distributor of vaporizers and associated accessories.[11] That same month, it also acquired Roll-Uh-Bowl, a supplier of silicone water pipes.[citation needed] By the end of 2017, the company had sold 100 million products in its history and maintained 4,000 legal cannabis clients.[citation needed]Also in 2017, revenue for the company rose 258% compared to the previous year.[citation needed] In February 2018,

Kush Co Holdings received $6 million in equity funding from Merida Capital Partners with the goal of expanding product lines and entering new markets.[12] In March 2018, the company announced its intention to open a distribution center in Massachusetts.[13]

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.[14]

KushCo Holdings sells a variety of ancillary cannabis-related products.[15][16]

References[edit]

  1. ^ a b c Ratzlaff, Angela (October 15, 2015). "Kush Bottles lights up pot industry with online sales". Orange Country Register. Retrieved April 3, 2018.
  2. ^ Kaplan, Jennifer (January 22, 2018). "Keeping Hands Off Weed Lets Startup Thrive in Volatile Pot World". Bloomberg. Retrieved April 3, 2018.
  3. ^ a b Butschli, Jim (August 29, 2013). "Container company supports child-proof packaging for marijuana products". Healthcare Packaging. Retrieved April 3, 2018.
  4. ^ a b "Executive Profile - Ben Wu". Bloomberg. Retrieved April 3, 2018.
  5. ^ Pierson, David (May 8, 2014). "Marijuana boom spawns ancillary businesses". Los Angeles Times. Retrieved April 3, 2018.
  6. ^ Weigel, David (March 13, 2014). "Cheech and Chong and Reagan". Slate. Retrieved April 3, 2018.
  7. ^ Summers, D.J. (March 7, 2018). The Business of Cannabis: New Policies for the New Marijuana Industry. Praeger.
  8. ^ "Kush Bottles, Inc. - Form 10-Q". United States Securities and Exchange Commission. Retrieved April 3, 2018.
  9. ^ a b c Ratzlaff, Angela (December 2, 2015). "Santa Ana marijuana bottling company decides to go public". Orange County Register. Retrieved April 3, 2018.
  10. ^ "Kush Bottles buys marijuana packaging distributor Dank". Packing Business Review. May 13, 2015.
  11. ^ Narayan, Shwanika (May 4, 2017). "Redondo Beach Vaporizer Distributor Sold to Cannabis Supply Company". Los Angeles Business Journal. Retrieved April 3, 2018.
  12. ^ "Kush Bottles teams with Merida, snags $6 million investment". Marijuana Business Daily. February 15, 2018. Retrieved April 3, 2018.
  13. ^ Schoenberg, Shira (March 12, 2018). "Businesses sprout up to support Massachusetts marijuana industry". MassLive. Retrieved April 3, 2018.
  14. ^ "Kush Bottles Closes Acquisition of Summit Innovations, LLC". New Cannabis Ventures. Retrieved 2018-07-11.
  15. ^ Kaplan, Jennifer (July 7, 2017). "The Weed Industry Wants to Class Up Your Joints". Bloomberg. Retrieved April 3, 2018.
  16. ^ 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[edit]