OTC Markets Group
OTC Markets Group is an American financial market providing price and liquidity information for almost 10,000 over-the-counter securities. The group has its headquarters in New York City. OTC-traded securities are organized into three markets to inform investors of opportunities and risks: OT…
KSHB-TV
KSHB-TV, virtual channel 41, is an NBC-affiliated television station licensed to Kansas City, Missouri, United States and serving the Kansas City metropolitan area. The station is owned by the E. W. Scripps Company, as part of a duopoly with Lawrence, Kansas-licensed independent station …
| 52-Week High | 2.1000 |
|---|---|
| Fibonacci 50% | 1.2650 |
| Fibonacci 38.2% | 1.0679 |
| Last Price | 0.6950 |
| 52-Week Low | 0.4300 |
Is Kush bottles a good stock buy?
The consensus among Wall Street equities research analysts is that investors should "buy" KushCo stock.
What happened to Kush bottles stock?
KushCo's common stock has ceased trading on the OTCQX effective as of the close of trading on August 31, 2021. I am proud to announce the successful closing of our transformative merger and would like to thank our combined teams for all of their hard work over the past few months.
What happens to KushCo stock after merger?
The Company's Class A common stock (“Greenlane Shares”) will continue to trade on the Nasdaq Global Market under the ticker symbol “GNLN”. Each KushCo stockholder is entitled to receive 0.3016 of a Greenlane Share for each share of KushCo common stock held on August 31, 2021, the effective date of the Transaction.
Who bought Kush?
That reflected a gross margin of between about 19% and 21%, it added. Greenlane Holdings, Inc a leading seller of cannabis accessories said it has completed a previously announced merger with KushCo Holdings, Inc, an American provider of packaging, containers, and other ancillary products for the cannabis industry.
More packaging than marijuana
Kush Bottles derives its revenue primarily from the sale of marijuana packaging and ancillary products like vaporizers, rather than the sale of marijuana. The company's main customers are marijuana dispensaries and distributors, who purchase its products in bulk for retail sale.
OTC: KSHB
Its premier product appears to be the pre-rolled joint tube, a plastic container that holds a pre-rolled marijuana joint for retail consumption. Kush Bottles' tubes are inexpensive, costing as little as $0.11 each, or no more than 1-2% of the product's price at retail.
Potential concerns
Virtually all marijuana stocks have their red flags, given the industry is generally made up of new, barely profitable entities. For Kush Bottles, potential problems include recent executive departures.
A "blue sky" valuation
Kush Bottles' valuation implies a rosy forecast. When the full-year results of CMP Wellness (acquired in May 2017) are included, Kush Bottles trades for approximately 15 times proforma sales for fiscal 2017 on a fully diluted basis, quite rich for a business-to-business wholesaler.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What is a kush bottle?
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.
Is Summit Innovations LLC a wholly owned subsidiary of Kush Bottles?
Under the terms of the merger agreement, Summit Innovations, LLC will merge into a wholly-owned subsidiary of Kush Bottles in exchange for 1,280,000 shares of Kush Bottles common stock and $3.2 million in cash, a portion of which will be held back to satisfy certain post-closing obligations.
