GARDEN GROVE, Calif., November 6, 2018 – KushCo Holdings, Inc. (OTCQB: KSHB) (“KushCo” or the “Company”), the parent company of innovative 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 a variety of industries including the regulated cannabis and CBD industries, today announced it has formed a new Advisory Board to provide strategic advice and expertise to help accelerate growth, manage risk and enhance operational performance. Its first three appointments are Matthew Morgan, an entrepreneur and business consultant with leadership experience in the cannabis and other CPG industries, Eric Smith, an industry veteran in the Liquefied Petroleum Gas industry, and Ali Jahangiri, a digital publishing pioneer who has established and grown several businesses.
The Advisory Board will have experts and influencers from various fields with diverse skills and networks related to the markets in which KushCo operates, and will aid in advancing KushCo’s strategy to become a leading provider of a diverse range of products and services across several industry verticals, both in the cannabis industry and beyond.
Mr. Matthew Morgan is the co-founder of a variety of companies including, Reef Dispensaries, Slapps Underwear, Ignite Cannabis Co, Tryke companies, Bloom Dispensaries and Green Axis Capital Corp. among others. Mr. Morgan began his business career at an early age in real estate in Montana and used his business savvy to start and grow a cannabis business into a 15,000 sq. ft operation in Montana, one of the largest. Mr. Morgan subsequently opened a chain of hydroponics stores in Arizona and acquired one of the limited and valuable cannabis business licenses in the state. Mr. Morgan and his partner then started Bloom Dispensaries, Reef Dispensaries and Tryke Industries. Reef Dispensaries currently runs six retail locations, two manufacturing plants, and two laboratories in Nevada and Arizona, with over 400 employees. Mr. Morgan now does consulting work all over the globe for several different business ventures.
Mr. Eric Smith has been actively involved in the LP-Gas industry since 1989 in both the private and public sectors. Currently he is the Director of Education and Code Development for the Nevada Board for the Regulation of Liquefied Petroleum Gas and was previously their Chief Inspector for 16 years. Mr. Smith was a firefighter for 11 years, is actively involved with the National Fire Protection Association (NFPA) code development process, and currently serves on six NFPA Technical Committees that regulate the use of liquefied petroleum gas and special effects.
Mr. Ali Jahangiri began his career practicing corporate securities law, but shifted his focus to digital publishing, where he pioneered a digital physician-to-patient and an attorney-to-client interactive platform that was acquired in 2009 and 2011, respectively. Mr. Jahangiri currently focuses most his professional efforts in the international investment immigration industry. Mr. Jahangiri serves as CEO of two industry leading online publication and conference series platforms, Uglobal.com and Eb5investors.com as well as serves on the Loyola Law School Board of Directors and is a National Board Member and Founding member of Gennext.com, a nationwide organization dedicated to engaging pressing challenges facing future generations. He also serves on the Ubuntu Council for CTAOP (Charlize Theron Africa Outreach Program) which supports organizations through grant giving with a hands-on approach to prevent HIV. Mr. Jahangiri was also appointed by Governor Schwarzenegger in 2009 and 2010 to various California State Boards and Commissions.
“As we continue to expand the business, forming a well-rounded Advisory Board will serve as an additional resource to guide our rapid growth. We plan to add more experts to the Advisory Board, across a range of relevant industries over time, to provide diverse and complementary insights to the different areas of our business we service today, as well as how we will evolve in the future,” said Nick Kovacevich, Chief Executive Officer of KushCo. “Mr. Morgan, Mr. Smith and Mr. Jahangiri each bring a wealth of skills and experience to KushCo that will assist in positioning the Company for sustained, accelerated growth, both within the expanding cannabis market as well as the new markets we are targeting. Together, they provide a diversified set of skills, supported by strong networks, that will help us navigate the challenges we face as a rapidly growing public company and help better position us to achieve our lofty goals. I look forward to their close involvement in the next phase of the Company’s evolution.”
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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 across several 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 to the cannabis and CBD industry, Kush Energy, which provides ultra-pure hydrocarbon gases and solvents, Hybrid Creative, a premier creative design agency for clients across several industries, 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 provides products and solutions to customers in 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
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
212-896-1233 / 212-896-1203