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KushCo Holdings
Company typePublic
OTCQB: KSHB
IndustryCannabis
Founded2010; 14 years ago (2010)
FoundersNicholas Kovacevich, CEO
Dallas Imbimbo
Alex Al-Sabah
Headquarters
Garden Grove, California
,
U.S.
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.[1] It is based in Garden Grove, California and is publicly traded on the New York OTCQB marketplace under the stock ticker symbol, KSHB.

History

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KushCo Holdings FKA Kush Bottles was founded in 2010 by Nicholas Kovacevich and Dallas Imbimbo in Santa Ana, California.[2][3] In 2013, the company lobbied for regulations requiring child-resistant packaging for medical and retail marijuana in Colorado.[4] Ben Wu was appointed[5] CEO of the company in 2014[6][7] while Kovacevich held the role of COO.[4] KushCo Holdings incorporated in Nevada in 2014.[8] It also acquired the KIM International Corporation in 2014.[9][10] .[2] In May 2015, Kush acquired the Colorado-based packaging manufacturer, Dank Bottles founded by Justin Jones.[11][12] In October 2015, it launched an eCommerce site for its clients, mostly dispensaries and producers of cannabis.[2][11] In December of that year, the company went public on the OTCQB marketplace with the stock ticker symbol, KSHB.[11]

In May 2017, KushCo Holdings acquired CMP Wellness, a distributor of vaporizers and associated accessories.[13][14] The same month it also acquired Roll-Uh-Bowl, a supplier of silicone water pipes.[15] By the end of 2017 the company had sold 100 million things and had 4,000 legal cannabis clients.[16] Also in 2017, revenue for the company rose 258% compared to the previous year.[17] In February 2018,

Kush Co Holdings received $6 million in equity funding from Mérida Capital Partners with the goal of expanding product lines and entering new markets.[18] In March 2018, the company announced its intention to open a distribution center in Massachusetts.[19]

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.[20]

KushCo Holdings sells a variety of ancillary cannabis-related products.[21][22]

References

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  1. ^ "KushCo Holdings – Cannabis Packaging, Supplies and Branding Solutions". New Cannabis Ventures. Retrieved 2020-03-30.
  2. ^ a b c Ratzlaff, Angela (October 15, 2015). "Kush Bottles lights up pot industry with online sales". Orange Country Register. Retrieved April 3, 2018.
  3. ^ Kaplan, Jennifer (January 22, 2018). "Keeping Hands Off Weed Lets Startup Thrive in Volatile Pot World". Bloomberg. Retrieved April 3, 2018.
  4. ^ a b Butschli, Jim (August 29, 2013). "Container company supports child-proof packaging for marijuana products". Healthcare Packaging. Retrieved April 3, 2018.
  5. ^ "Executive Profile - Ben Wu". Bloomberg. Retrieved April 3, 2018.
  6. ^ Pierson, David (May 8, 2014). "Marijuana boom spawns ancillary businesses". Los Angeles Times. Retrieved April 3, 2018.
  7. ^ Weigel, David (March 13, 2014). "Cheech and Chong and Reagan". Slate. Retrieved April 3, 2018.
  8. ^ "KushCo Holdings Inc - Company Profile and News". www.bloomberg.com. Retrieved 2020-03-30.
  9. ^ Summers, D.J. (March 7, 2018). The Business of Cannabis: New Policies for the New Marijuana Industry. Praeger. ISBN 9781440857874.
  10. ^ "Kush Bottles, Inc. - Form 10-Q". United States Securities and Exchange Commission. Retrieved April 3, 2018.
  11. ^ a b c Ratzlaff, Angela (December 2, 2015). "Santa Ana marijuana bottling company decides to go public". Orange County Register. Retrieved April 3, 2018.
  12. ^ "Kush Bottles buys marijuana packaging distributor Dank". Packing Business Review. May 13, 2015.
  13. ^ Narayan, Shwanika (May 4, 2017). "Redondo Beach Vaporizer Distributor Sold to Cannabis Supply Company". Los Angeles Business Journal. Retrieved April 3, 2018.
  14. ^ "Kush Bottles 2018 Annual Report". Nov 12, 2019. Retrieved Jan 9, 2020.
  15. ^ "Kushco Holdings Investor Report 8-K". July 2018.
  16. ^ "Cannabis Packaging Provider Kush Bottles Shares its Vision at New..." New Cannabis Ventures. Retrieved 2020-03-30.
  17. ^ "Kush Bottles Q1 Sales Grow 258% to $8.85 Million". New Cannabis Ventures. Retrieved 2020-03-30.
  18. ^ "Kush Bottles teams with Merida, snags $6 million investment". Marijuana Business Daily. February 15, 2018. Retrieved April 3, 2018.
  19. ^ Schoenberg, Shira (March 12, 2018). "Businesses sprout up to support Massachusetts marijuana industry". MassLive. Retrieved April 3, 2018.
  20. ^ "Kush Bottles Closes Acquisition of Summit Innovations, LLC". New Cannabis Ventures. Retrieved 2018-07-11.
  21. ^ Kaplan, Jennifer (July 7, 2017). "The Weed Industry Wants to Class Up Your Joints". Bloomberg. Retrieved April 3, 2018.
  22. ^ Fox, Hayley (September 18, 2017). "5 Companies That Cash In on Cannabis Without Ever Touching the Product". LA Weekly. Retrieved April 3, 2018.
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