Name Change Better Reflects Full Spectrum of Offering
GARDEN GROVE, Calif., October 2, 2018 – KushCo Holdings, Inc. (OTCQB: KSHB) (“KushCo” or the “Company”), the parent company of innovative cannabis industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Packaging Solutions, which provide a range of services and products for the regulated cannabis, CBD and other related industries, announced today that the Company is changing the name of its Kush Bottles division to Kush Supply Co., effective October 1, 2018.
The updated name better reflects the platform’s lateral transition to a more diversified business model, where the Company now supplies growers, extractors, infused product-makers, brands, and large multi-state operators with a range of products and services that meet and exceed the critical needs in their supply chains. In addition, with these clients experiencing hyper growth due to rapidly increased consumer demand, there is now more of a need for a one-stop supplier of core ancillary products who can scale with the market as it expands. Kush Supply Co. will be led by Jason Vegotsky, who will serve as the division’s President, after formerly serving as Vice President of Sales.
“This brand change will be pivotal for how we communicate to our current and potential customers. Our value proposition continues to expand on a very frequent basis. We recognize the importance for key multi-state operators and extractors who are scaling to have a partner that can support all facets of their business. As we continue our own internal effort of explosive growth, as evidenced in our recent preliminary fiscal year 2018 revenue of $51 million, Kush Supply Co. will continue innovating and focusing on what we need to do to be that premier partner,” said Jason Vegotsky, President of Kush Supply Co.
“At the Company’s inception in 2010, we found a niche in the market, filling robust demand with our unique bottles and child-resistant packaging, which were predominantly utilized for flower – the most prevalent form of cannabis consumption at the time,” said Nick Kovacevich, KushCo’s CEO. “While our bottles and packaging offering remains a large piece of our business, growing demand for supplies like concentrate packaging and vape hardware, along with new innovative custom solutions for brand building in retail, ultra-pure gas and solvents, and a more holistic approach to the cannabis supply chain resulted in a shift of what we offer to support the burgeoning cannabis market. Our name change more accurately reflects our dynamic offerings in response to the dramatic growth of the industry.”
On September 4, 2018, KushCo announced that the Company’s name changed from Kush Bottles, Inc. to KushCo Holdings, Inc. effective on September 1, 2018. Following that name change, KushCo retained the Kush Bottles brand name as a division of KushCo. KushCo’s other business units, in addition to Kush Supply Co., consist of Kush Energy, Koleto Packaging Solutions and The Hybrid Creative. The existing operational structure will allow the Company to more easily scale and leverage shared services such as technology, human resources, finance and marketing.
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About KushCo Holdings, Inc.
KushCo Holdings, Inc. (OTCQB: KSHB) is the parent company to a diverse group of business units that are transformative leaders in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries and brands provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving its diverse customer base.
KushCo Holdings’ brands include Kush Supply Co., a dynamic sales platform that is the nation’s largest and most respected distributor of packaging, supplies, and accessories, Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector, Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures, and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions.
Founded in 2010, KushCo Holdings has now sold more than 1 billion units and regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. KushCo Holdings subsidiaries maintain facilities in the five largest U.S. cannabis markets as well as having a local sales presence in every major U.S. cannabis market.
KushCo Holdings strives to be the industry leader for responsible and compliant products and services in the legal cannabis and CBD industry. The Company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and business magazine Inc. While KushCo Holdings services all facets of the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any products that contain THC or CBD.
For more information, visit www.kushco.com or call (888)-920-5874.
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: “potential,” “look forward,” “expect,” “believe,” “dedicated,” “building,” or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC), available at: www.sec.gov, and on the Company’s website, at: www.kushco.com.
KushCo Holdings Contacts
Anne Donohoe / Nick Opich
KCSA Strategic Communications
212-896-1265 / 212-896-1206
email@example.com / firstname.lastname@example.org
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
212-896-1233 / 212-896-1203