GARDEN GROVE, Calif., October 10, 2018 – KushCo Holdings, Inc. (OTCQB: KSHB) (“KushCo” or the “Company”), is 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. The Company today announced that it has appointed a new President, Mr. Steve Hwang, to lead Koleto Packaging Solutions (Koleto) and its team of project managers and engineers.
Koleto, a division of KushCo that launched earlier this year, is focused on building valuable proprietary intellectual property and designing unique FDA-compliant products that will be licensed for both cannabis and non-cannabis industries. Establishing itself as the cornerstone of research and development for the KushCo Holdings brands, Koleto will both create and acquire intellectual property and work towards building a portfolio of products and brands that will be leaders in child resistance packaging in and outside the cannabis industry. Additionally, as more companies enter the fast-paced cannabis industry there is an ever-increasing need for compelling packaging that can meet strict state and national regulations while still upholding the companies’ brand integrity and driving customer loyalty at retail. Due to the strict advertising and regulatory parameters around cannabis products, point of sale retail boxes and packaging are critical to drive sales and create brand equity in the highly fragmented space. Koleto intends to drive that innovation and bring unique products to market through the Kush Supply Co. sales network and distribution platform.
Previously, Mr. Hwang was Director, Innovation Technology at Samsung Electronics America, Inc. where he oversaw the Product Innovation Team, an incubator group within Samsung. Prior to that, he was the Director; Creative Design at OpenPeak Inc. and Principal Designer at Kaleidoscope/Stanford Research Institute. He also worked as an independent design consultant for several years where he collaborated on various programs establishing recognizable brand identities through product development and implementing creative design solutions. Mr. Hwang holds over 30 unique design patents in his portfolio. His core background experience ranges from a variety of premier agencies such as Frog, Lunar Design, and Praxis. He attended The University of Cincinnati’s DAAP program, majoring in Industrial Design.
“We are pleased to welcome Steve as the new President of Koleto Packaging Solutions,” said Chief Executive Officer Nick Kovacevich. “Since transitioning to a holding company and diversifying our business model to offer a broad range of products to the cannabis industry, it has been a priority to recruit dedicated executives that can lead each business unit, but more importantly, be the driving force to push the boundaries for what people in this industry think of when product innovation comes to mind. Koleto is focused on building out its portfolio of proprietary intellectual property and designing unique products that can then in turn, be sold through our Kush Supply Co. distribution platform. Steve’s background in design and innovation, as well as his extensive leadership experience, uniquely positions him to drive forward Koleto’s strategy. We look forward to his future contributions.”
Steve Hwang commented, “KushCo is at the forefront of the cannabis industry, creating some of the most innovative products and solutions through design, for the market. Its branding and packaging solutions build long-term value for its customers by enabling them to create and sustain brand recognition and a strong reputation. I am excited to join this fast-growing company to help drive this strategic growth plan.”
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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
firstname.lastname@example.org / email@example.com
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
212-896-1233 / 212-896-1203