For those of our readers that may not remember Kush Bottles Inc (OTCMKTS:KSHB), the company describes itself as a leading provider of packaging, supplies, vaporizers, accessories, and branding solutions for the regulated cannabis industry.
The company was founded in 2010 to provide packaging and supplies for dispensaries and growers. Kush Bottles has sold more than 100 million units and now regularly services more than 4,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe.
After having originally slated its earnings released date and conference call for Tuesday January 10th, Kush Bottles Inc (OTCMKTS:KSHB) has announced a change that brings our focus to next week. The company revelaed that it has changed the date of its first fiscal quarter of 2018 earnings press release and results conference call. The Company will now issue its first quarter 2018 results press release on January 16, 2018 before U.S. markets open, and will be hosting a conference call on the same day at 4:30 PM Eastern Time.
Investors may listen via webcast on the Kush Bottles investor section of the Company website at http://ir.kushbottles.com and should visit the website at least 15 minutes prior to the call to register, download, and install any necessary audio software. A replay of the call will be available on the Kush Bottles investor website approximately two hours after the conference call has ended. Nick Kovacevich, Chief Executive Officer of Kush Bottles, and Jim McCormick, Chief Financial Officer, will be answering shareholder questions at the end of the call.
KSHB is rather unique among the ‘cannabis stocks’ that we generally discuss in that it has no direct involvement with the cannabis plant or any products that contain THC. It merely produces packaging, but for an industry where many entities are scrambling to find an identity. Packaging is the way to do that, so it gives KSHB an extra edge that the company has taken and run with.
It is the only packaging company with multiple full service facilities throughout the U.S in key cannabis hot-zones, with headquarters in Santa Ana, CA, Woodinville, WA or Denver, CO. It also offers full service custom design complete with graphic and/or logo creation. With the rate at which the legal cannabis industry is set to grow, especially in California and Canada, KSHB is an excellent conduit to all of the various markets, and without the risk of shutdown.
As we’ve mentioned before, the state of domestic cannabis is currently in jeopardy at a Federal level, despite the will of the American people clearly finding a majority in favor of cannabis legalization.
The Department of Justice is currently headed up by a man who is an outspoken opponent of marijuana and a friend to various interest groups for whom sweeping legalization would mean big problems (big pharma, private prison system, etc.). Jeff Sessions is the enemy of growth and expansion for cannabis at the moment, and after recently making it clear that the Federal government does not respect States rights on an issue that has already been decided in many places, an air of uncertainty has ‘cropped’ up for growers and dispensers. It is a problem that a company like KSHB can safely observe from the sidelines. We’ll be observing KSHB as well, and will be sure to catch the company’s upcoming earnings call. Stay locked to Street Register for updates, and we’ll deliver important developments on KSHB as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in KSHB stock, short or long.