According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
A number of other brokerages also recently commented on KSHB. Alliance Global Partners reaffirmed a buy rating on shares of KushCo in a research report on Thursday, July 9th. Northland Securities reaffirmed a hold rating on shares of KushCo in a research report on Thursday, July 9th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $1.50 price target on shares of KushCo in a research report on Thursday, July 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $3.96.
KushCo (OTCMKTS:KSHB) last issued its quarterly earnings data on Wednesday, July 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $22.26 million during the quarter, compared to analysts’ expectations of $32.63 million. KushCo had a negative return on equity of 47.26% and a negative net margin of 60.97%. As a group, research analysts anticipate that KushCo will post -0.64 EPS for the current year.
KushCo Company Profile
KushCo Holdings, Inc engages in the wholesale distribution of packaging supplies and customized branding solutions in the United States, Canada, and Europe. It offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene, and glass containers.
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