"WEED IS GOOD!" Investing in the Future of Cannabis
KushCo Holdings Inc is focused on being the provider of choice for industry-compliant packaging to the cannabis sector. Think of a business that supplied the picks, shovels and other gear during the western gold rush and you'll have a good idea of why they staked their claim here. Turns out all those weed, vape pens and assorted CBD and THC products need exacting packaging in order to stay on the good side of a very skeptical government.
If loving weed is wrong, I don't wanna be right...
Now of course, the standard disclosure applies. This is not investment advice. Please do your own due diligence before parting with any of your hard-earned money. KushCo reported record earnings for their most recent quarter, with a 221% increase in net revenue. The question is, can they continue to grow fast enough to remain one of the biggest players in this space? Only time will tell.
Currently trading on the OTC market as KSHB, the company announced a bid to list on the NASDAQ Global Select Market. If approved, this would certainly raise their profile in the eyes of investors and end users. Either way, this is an exciting time for cannabis-related startups and the millions of people ready to spend on medical and recreational weed products. Is this pie-in-the-sky thinking? or an early shot at an amazing ground-floor opportunity? What do you think?.
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