KushCo Holdings Inc OTCMKTS: KSHB is the premier producer of ancillary products and services to the cannabis and hemp industries. KushCo Holdings’ subsidiaries and brands provide, product quality, exceptional customer service, compliance knowledge and a local presence in serving its diverse customer base.
Founded in 2010, KushCo Holdings has now sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe.
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.
KushCo Holdings Inc on March 12th, 2019 announced it has signed a long-term development and distribution agreement with IEKO Corporation (“IEKO”), for the production of compostable and biodegradable packaging products for use in the cannabis and CBD industries.
Pursuant to the agreement, IEKO will work with KushCo to develop formulations and products designed for the unique demands of the cannabis and CBD industries, while ensuring that all new products are environmentally friendly by featuring proprietary, biodegradable materials from renewable resources. All packaging solutions produced under the agreement will be tested using ASTM and BPI standards to guarantee proper certification. Additionally, IEKO will provide dedicated research and development, quality control and account management personnel.
KushCo Holdings’ Chief Executive Officer, Nick Kovacevich commented, “It’s our responsibility to reimagine our products today to ensure the viability of our planet tomorrow. Customers are demanding an environmentally conscious solution for their everyday packaging needs. Partnering with Bob Meers and IEKO is a huge win for us. It’s inspiring to see the former CEO of Reebok and Lululemon so impassioned about the environment and I’m honored to be a part of the eco-sustainability movement our customers are yearning for. With a demonstrated ability to design and produce ground-breaking products, we are confident in the capabilities of the IEKO team and look forward partnering with one of California’s top packaging engineers.”
Robert J. Meers, Chief Executive Officer, “Our partnership allows us to be a vertically-integrated formulating, compounding, processing, and producing solution committed to making 100 percent commercially compostable, sustainable packaging without exception. Partnering with KushCo gives us the ability to continue to develop the next generation of renewably resourced, zero-waste packaging materials and we are thrilled to be partnering with a company that shares our commitment to the IEKO mission of ‘do no harm.'”
KuchCo Holdings Inc’s CEO Nick Kovacevish also represented the the company at the 31st Annual ROTH Conference at the Ritz Carlton, Laguna Niguel in Orange County, California, on March 19th, 2019.
The company is very active in making new headlines as on February 19th, 2019 announced it has added Danny Moses, a private investor and entrepreneur best known for his role as a trader navigating the global financial crisis as chronicled in Michael Lewis’s best-selling novel “The Big Short” and Adam McKay’s Oscar-winning movie of the same name, and Tim Seymour, Chief Investment Officer of Seymour Asset Management, and best known as the co-host of CNBC’s Fast Money, to the Company’s Advisory Board. Mr. Moses and Mr. Seymour will help provide strategic advice and expertise to help accelerate profitable growth, manage risk and enhance operational performance.
Mr. Moses serves on the investment committee of Merida Capital Partners, a private equity fund targeting the fundamental growth drivers of the cannabis industry. He recently founded Moses Ventures, a multi-asset investment fund with a focus in cannabis, which he refers to as “The Big Long.” He began his career in 1991 as a municipal bond analyst for MBIA and worked as an institutional broker at a number of firms, including Oppenheimer. Most notably, he was a trader at Frontpoint Partners, a firm portrayed in both the book and movie “The Big Short.”
Mr. Seymour has over 22 years of investment experience as a capital markets professional across multiple asset classes and geographies. With a history of investing in new and emerging asset classes, Tim has been an early stage investor in the cannabis industry and acts in a formal advisory capacity to multiple companies in the sector. Tim has emerged as one of the top thought leaders and advocates for the cannabis industry. Seymour Asset Management manages cannabis assets for its clients as part of its overall asset allocation.
“Both Danny and Tim are invaluable resources to the KushCo Advisory Board with their distinct knowledge and experience. Danny is one of the most distinguished investors on Wall Street and will provide useful insights into our M&A and capital strategies. Tim, with his extensive background in international markets, will provide unique insight as we grow our footprint outside of the U.S. We look forward to leveraging both Danny and Tim as board advisors as we continue our record-breaking expansion,” said Nick Kovacevich, Chief Executive Officer of KushCo.
The Advisory Board launched in November 2018 with the appointments of 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 led several businesses across multiple verticals.