Kush Bottles Inc (OTCMKTS:KSHB) describes itself as a leading provider of packaging, supplies, vaporizers, accessories, and branding solutions for the regulated cannabis industry. The company 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.
Kush Bottles has a leg up on the average cannabis sector company, because it doesn’t grow, sell, or otherwise deal with actual cannabis or cannabis products, it merely provides the packaging to people who do. This week the company announced it had identified a key market it intends to focus on more with the help of a new sales director.
Kush Bottles Inc (OTCMKTS:KSHB) announced this week that the Company hired a Regional Sales Director, Kyle Heverly, to expand its physical presence in the rapidly growing East Coast legal cannabis market.
Since joining Kush Bottles in January 2018, Mr. Heverly has been working diligently to create an East Coast division in the Boston, Massachusetts area. He also has begun the hiring process to further expand the Company’s sales program into the East Coast. Mr. Heverly has extensive enterprise sales and marketing management experience from his most recent role as Director of Business Development at Franchise Payments Network, as well as other management roles in the hospitality and consumer services industries.
As part of the expansion plans, the Kush Bottles team has already begun to build new distribution channels and customer relationships in an effort to expand the Company’s footprint in the medical and adult-use markets on the East Coast. In addition, the Company announced that it is looking to open a new distribution facility in the Boston-area in an effort to streamline growth in this emerging marketplace. This also creates an opportunity to reduce shipping costs for East Coast businesses, and provide faster delivery of products.
Following the successful implementation of adult-use cannabis on the West Coast, Eastern states in the U.S. are eager to join in on the action. Cannabis retailers are expected to begin opening in Massachusetts beginning July 1; earlier this year the state of Vermont just voted to lift cannabis prohibition in its state; and New Jersey is expected to legalize recreational marijuana this year; and Maryland and Pennsylvania are continuing to expand their medical marijuana footprint.
“The East Coast is the next exciting frontier in the American cannabis market, and until now, it has been a largely untapped market for us,” said Nicholas Kovacevich, Chairman and CEO of Kush Bottles. “With Kyle expanding our sales presence and the building out of our new distribution facility, we are well positioned to become a vital partner for cannabis businesses on the East Coast.”
The expansion announcement is related to last week’s announced news of the partnership with Merida Capital Partners. This opportunity with Merida Capital Partners will allow Kush Bottles to focus on building the Company’s East Coast distribution platform and to develop and its acquisition pipeline. (Source: PR Newswire)
We’re going to continue to stay focused on KSHB as it attempts to expand into East Coast Cannabis Markets. We’ll also be looking for the stock to find some support and begin a rebound on the chart that some might say is overdue. 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.