KushCo Holdings Inc OTCMKTS: KSHB has Qualified to Trade on The OTCQX® Best Market

621

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 OTCMKTS: KSHB KushCo begins trading today on OTCQX under the symbol “KSHB.” “We’re excited to welcome KushCo Holdings, Inc. to our OTCQX Best Market,” said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group. “Having traded on our OTCQB Venture Market since 2016, KushCo’s graduation to the OTCQX Best Market demonstrates how companies are using the OTC Market tiers to build visibility and long-term shareholder value in the U.S. public markets.”

KushCo’s Chief Executive Officer, Nick Kovacevich, commented, “We are very pleased with the announcement of our upgrade to OTCQX as it is expected to improve liquidity and broaden awareness of KushCo in the financial markets. Our upgrade to OTCQX is another mile marker signifying our remarkable progress over the past several years, including internal upgrades to support best practices in corporate governance and record-breaking revenues of $35.2 million in our most recent quarterly results, an increase of 240% compared with Q2 2018. We are now better positioned to attract institutional investors as we execute on our long-term growth plan to profitability.”

KushCo Holdings Inc OTCMKTS: KSHB On May 30, 2019 Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of KushCo Holdings Inc. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

The complaint alleges that throughout the class period defendants made materially false and misleading statements regarding the company’s business, operational and compliance policies. Specifically, the complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) KushCo made material accounting errors in connection with its acquisitions of CMP Wellness, Summit, and Hybrid; (2) as a result, KushCo’s previously issued financial statements as of and for the fiscal years ended August 31, 2018 and August 31, 2017, included in the company’s Annual Reports on Form 10-K for such periods, and financial statements as of and for the quarterly periods ended May 31, 2017, November 30, 2017, February 28, 2018, May 31, 2018 and November 30, 2018, included in the company’s Quarterly Reports on Form 10-Q for such periods, could not be relied upon; (3) KushCo’s net loss for the fiscal year ended August 31, 2018, was more than twice as high than previously reported; (4) KushCo and its management’s assurances that its financial statements for those fiscal years and periods were accurate and fairly reported could not be relied upon; and (5) as a result, the company’s public statements were materially false and misleading at all relevant times.

LEAVE A REPLY