New name reflects expanded capabilities
SANTA ANA, Calif., July 12, 2018 (GLOBE NEWSWIRE) -- Kush Bottles, Inc. (OTCQB:KSHB) (“Kush Bottles” or the “Company”), a leading provider of packaging, supplies , vaporizers , hydrocarbon gases , solvents , accessories and branding solutions for the regulated cannabis industry, has announced plans to change its name to KushCo Holdings, Inc. effective at the beginning of the upcoming fiscal year (September 1 st , 2018). The new name reflects the Company’s shift to a more diversified business model, which offers a broad range of ancillary products and services to cannabis and CBD businesses, including medical and adult-use dispensaries, growers, and producers in the cannabis industry, as well as targeting pharmaceutical, veterinary and other applicable industries. The Company’s core B2B sales and distribution arm will continue to operate under the Kush Bottles name. The name change was approved by the Company’s stockholders at the Company’s 2018 annual meeting of stockholders.
KushCo Holdings will consist of several business units, including Kush Bottles, Koleto Packaging Solutions and Zack Darling Creative Associates (ZDCA) and its subsidiary, The Hybrid Creative. The new structure is expected to better support continued acquisitive growth at the Company, as well as organic growth by leveraging operational synergies and cross selling opportunities.
In addition, the Company is announcing the expanded capabilities of a new division it launched earlier this summer, Koleto Packaging Solutions (“Koleto”), an FDA-compliant packaging solutions business unit focusing on the pharmaceutical and veterinary industries. The Company plans for Koleto to expand and become a more robust innovation arm that will focus on building proprietary intellectual property and designing unique products for both cannabis and non-cannabis industries.
Nick Kovacevich, the Company’s Chairman and CEO, commented, “When we started the Company, our core focus was on providing specialized packaging solutions to the cannabis industry. Since then, we have expanded into several other verticals and successfully positioned the Company as a ‘one stop shop’ for the cannabis market through a combination of organic growth and strategic acquisitions. We have chosen to change our name to better reflect the full scope of our offering and provide a better corporate structure to support our aggressive growth strategy. KushCo Holdings will become an increasingly vital resource for the cannabis industry, and now with business units like Koleto, and our recent acquisitions of Summit Innovations and Zack Darling Creative Associates (ZDCA), we are poised to become even more deeply entrenched in our existing clients’ businesses, and to expand our product and service offering to other non-cannabis related industries.”
This new operational structure will allow the Company to easily scale and leverage shared services such as technology, human resources, finance, marketing, and vendor relationships. Each business unit will be led by a dedicated executive from the leadership team who will be responsible for the performance of each division. The Company’s main operating business unit, Kush Bottles, will be led by Jason Vegotsky, who will serve as President, having formerly been the VP of Sales.
To be added to the distribution list, please email ir@kushbottles.com with “Kush” in the subject line.
About Kush Bottles
Kush Bottles, Inc. (OTCQB:KSHB) is a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry including CBD manufacturers. Founded in 2010 as a packaging and supplies company for dispensaries and growers, Kush Bottles has sold more than 1 billion units and now regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The Company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market.
Kush Bottles aims to be the gold standard for responsible and compliant products and services in the cannabis industry. Kush Bottles has no direct involvement with the cannabis plant or any products that contain THC or CBD.
The Company has been featured in media nationwide, including CNBC , Los Angeles Times , TheStreet.com , Entrepreneur , and business magazine Inc .
For more information, visit www.kushbottles.com or call (888)-920-5874.
Forward-Looking Statements
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,” “plan,” “expect,” “look forward,” “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.kushbottles.com.
Kush Bottles Contacts
Media Contact: Anne Donohoe / Nick Opich KCSA Strategic Communications 212-896-1265 / 212-896-1206 adonohoe@kcsa.com / nopich@kcsa.com
Investor Contact: Phil Carlson / Elizabeth Barker KCSA Strategic Communications 212-896-1233 / 212-896-1203 ir@kushbottles.com
