November 23, 2016 - By Peter Erickson
Kush Bottles Inc (OTCMKTS:KSHB) lost another 10.12% of its share value, during the November 22 trading session, on a trade volume of 307,274. The stock has been slowly declining over the past week and has so far lost approximately $0.8 of its share value. The drop has been unexpected, given that KSHB operates on a much safer area of the marijuana industry, packaging and storage. Moreover, the company recently announced the launch of a new product, which is poised to become an instant hit for storing cannabis and hemp products.
In its most recent press release, the company announced that it has acquired the services of Liolios Group Inc, to lead its new strategic relations and financial communication program. As such, Liolios would be responsible for managing communications between the company and the investor community. Moreover, Liolios would also work closely with KSHB’s management, as a strategic adviser and corporate positioning firm.
“As reported earlier this month, our fiscal 2016 proved to be an exceptional year driven by record revenue growth and improved operating efficiency,” said Nick Kovacevich, CEO of Kush Bottles. “Given our progress and vast opportunity ahead, we have engaged a new firm to share our growth story with a larger audience in the capital markets. Liolios brings a proven track record of enhancing shareholder value for dynamic companies like Kush Bottles, delivering the right message to the right audience with persistency and focus.”
Earlier last week, Kush Bottles announced that it would start locally manufacturing a pop-top, child-resistant bottle, in the USA. The company unveiled the new product at the Marijuana Business Conference and Expo, held in Las Vegas. KSHB stated that the product was exclusively manufactured by them in California and is developed as a storage solution, particularly for the marijuana industry. Moreover, the bottles come in four different sizes and are re-closable, making it ideal for storing flowers and other edibles. The company also provided samples of the bottles, to the attendees at the conference.
“We’re incredibly excited to bring this new product to market,” said Nick Kovacevich, CEO of Kush Bottles. “This bottle is similar to a product we’ve been selling for six years and that the industry is very familiar with, but we’ve made some key enhancements that will allow customers to take advantage of automated labeling technology. Our decision to manufacture this bottle locally also gives us a huge advantage when it comes to quality control and minimizing the carbon footprint of each bottle.”
Kush Bottles operates in all states that have regularized the use of marijuana, as well as in Canada. The company focuses on providing safe, custom-branded and child-resistant packaging services to the marijuana industry. Although its products are intended for use in the marijuana sector, the solutions do have applications in other industries as well. Added to this, the company has also demonstrated substantial revenue growth and profitability in the recent past. As such, KSHB is one of the safest bets for investors, looking to enter the marijuana industry.
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