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$ETST___and___$NMUS___On____FiiiRrrEee!
Consolidated Nicely, Means We Go Higher!
$ETST Gapping up! The Next $AXIM?!!
$ETST Gapping up! The Next $AXIM?!!
$ETST Booming Cannabis Stock!
$ETST +59% BROKE OUT Today! Only 4Mil Float! Pot Play!
$ETST +59% Sweet Chart 4Mil Float! Marijuana Play!
$ETST +59% Tiny Float! Marijuana Stock!
$ETST Up 59% Today! Marijuana Stock!
$ETST THE LAST UNDISCOVERED MARIJUANA/CBD BIOTECH COMPANY! A TRUE GEM THAT WAS OVERLOOKED!
$ETST Reminds me of $AXIM! I'm thinking about the Possibilities this could see $5-$10 or more based on a # of different factors and given momentum!
$MJTK Today's Filing Confirmed the Convertibles are Completed. They converted and sold out! This looks ROCK Solid!
$MJTK Today's Filing Confirmed the Convertibles are Completed. They converted and sold out! This looks ROCK Solid!
$ETST_Breaking_out!_0.70_+0.26_+59.09%_MARIJUANA_BIOTECHNOLOGY_CBD_CO_4_MILLION_SHARE_FLOAT!
$ETST_Breaking_out!_0.70_+0.26_+59.09%_MARIJUANA_BIOTECHNOLOGY_CBD_CO_4_MILLION_SHARE_FLOAT!
$KSHB_Is_The_Only_Profitable_MARIJUANA_Publicly_Traded_Company
They are CASH FLOW POSITIVE and have Net Income at their Bottom line when you deduct depreciation and NON CASH Stock Compensation which doesn't affect the actual profitability of the business but does help the company, by helping them to avoid paying taxes!!!
Note the recent earnings, they made money but didn't show a profit "Technically" due to Non Cash Stock Compensation, that is posted as a loss for General accepted accounting principles.
http://www.otcmarkets.com/stock/KSHB/financials#
Nothing more than the annual employee incentive comp stock options, Each January!
Last_Run_took_$KSHB_to_$5_Tiny_ Float_9,662,764
Last_Run_took_$KSHB_to_$5_Tiny_ Float_9,662,764
Last_Run_took_$KSHB_to_$5_Tiny_ Float_9,662,764
Last_Run_took_$KSHB_to_$5_Tiny_ Float_9,662,764
$KSHB_Profitable_Marijuana_Company_Headed_To_The_NASDAQ_And_Breaking_Out!
$KSHB DUE DILIGENCE: #KSHB featured on #CNBC !!!
KSHB featured on CNBC!!! A Container Company Worth Millions
http://video.cnbc.com/gallery/?video=3000582478
Earnings
Kush Bottles Reports First Quarter Fiscal 2017 Results - OTCMarkets.com http://www.otcmarkets.com/stock/KSHB/news/Kush-Bottles-Reports-First-Quarter-Fiscal-2017-Results?id=149102&b=y
Kush Bottles Reports First Quarter Fiscal 2017 Results
Jan 20, 2017
OTC Disclosure & News Service
-
Kush Bottles Reports First Quarter Fiscal 2017 Results
PR Newswire
SANTA ANA, Calif., Jan. 11, 2017
SANTA ANA, Calif., Jan. 11, 2017 /PRNewswire/ -- Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, reported financial results for its first fiscal quarter ended November 30, 2016.
First Quarter Fiscal 2017 Financial Highlights vs. First Quarter Fiscal 2016
Revenue up 44% to $2.47 million
Gross margin up 50 basis points to 33.8%
Net loss, including $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense, was $(0.16) million compared to net income of $5,000
Record cash balance of $2.0 million compared to $0.30 million
Working capital up significantly to a record $3.38 million compared to $0.26 million
Executive Commentary
"Our first fiscal quarter began on a strong note, with record revenue and the strongest cash and working capital positions in our company's history," said Nick Kovacevich, co-founder and CEO of Kush Bottles. "This was driven by continued growth in California and Washington. More specifically, our customer base, average order size and number of orders continue to climb, and our e-commerce revenues also continue to increase. Our custom branded packaging revenues increased nearly three times from last year and our SKU count grew by 73%.
"During the quarter, we implemented a new cloud-based accounting, CRM and ERP system which we expect will improve our ability to scale. Our new larger facility in Washington has helped to accommodate continued growth, and we also expanded our sales force to penetrate the new states that legalized cannabis in the November 2016 election.
"As we look towards the remainder of 2017, we believe we are well-positioned to capitalize on the growth opportunities which exist in the developing, regulated cannabis industry. We have increased our customer base, which exceeds 3,000 producers, processers and retailers, and we've created one of the largest product libraries in the industry, with distribution spanning across 28 states and Canada. Also, we have doubled our revenue for two consecutive years, and we believe we remain in the early stages of our growth."
First Quarter Fiscal 2017 Financial Results
Total revenue in the first fiscal quarter of 2017 increased 44% to $2.47 million compared to $1.72 million in the first fiscal quarter of 2016. The increase was primarily attributed to growth in the number of customers, average order size and order volume in the Company's largest markets, as well as continued growth in other states with emerging legalized cannabis programs.
Gross margin in the first fiscal quarter of 2017 increased 50 basis points to 33.8% compared to 33.3% in the first fiscal quarter of 2016.
Operating expenses in the first fiscal quarter of 2017 increased to $0.97 million compared to $0.56 million in the first fiscal quarter of 2016. This was primarily due to a $0.12 million increase in non-cash stock compensation expense and a $0.15 million increase in payroll and related expenses due to an expansion of the Company's sales force and operational personnel.
Net loss in the first fiscal quarter of 2017 was $(0.16) million or $(0.00) per share, compared to net income of $5,000 or $0.00 per share in the first fiscal quarter of 2016. Net loss in the first fiscal quarter of 2017 included $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense. Excluding these charges, net income would have been approximately $7,000 or $0.00 per share.
At November 30, 2016, cash increased significantly to $2.00 million compared to $0.30 million as of November 30, 2015. Total debt was reduced to $55,000 compared to $0.20 million in the first fiscal quarter of 2016.
Working capital was up significantly to $3.38 million as of November 30, 2016 compared to $0.26 million as of November 30, 2015, primarily driven by the increase in cash.
About Kush Bottles
Kush Bottles, Inc. (OTCQB: KSHB) provides packaging products and solutions to producers, processers and retailers operating in the regulated medical and recreational cannabis industry. Founded in 2010, Kush Bottles has sold more than 100 million bottles and regularly services more than 3,000 customers across the United States and Canada. The company primarily services the business-to-business market, which includes legally operated medical and adult-use dispensaries, growers and marijuana-infused product (MIP) manufacturers. Kush Bottles aims to be the gold standard for responsible branding and packaging in the cannabis industry.
Kush Bottles has no direct involvement with cannabis plants or extracts.
The company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and Inc. Magazine. For more information, visit www.kushbottles.com or call (888)-920-5874.
Connect
Website: www.kushbottles.com
Instagram: instagram.com/kushbottles
Facebook: facebook.com/kushbottles
Twitter: twitter.com/kushbottles
News
http://www.otcmarkets.com/stock/KSHB/news
Financials
http://www.otcmarkets.com/stock/KSHB/financials#
Outstanding Shares 49,734,174 a/o Jan 11, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 9,662,764 a/o Nov 09, 2016
Par
http://www.otcmarkets.com/stock/KSHB/profile
http://video.cnbc.com/gallery/?video=3000582478
Why Donald Trump Could Become the 'Marijuana President'
- Kush Bottles CEO interview CNBC
$KSHB_Profitable_Marijuana_Company_Headed_To_The_NASDAQ_And_Breaking_Out!
$KSHB DUE DILIGENCE: #KSHB featured on #CNBC !!!
KSHB featured on CNBC!!! A Container Company Worth Millions
http://video.cnbc.com/gallery/?video=3000582478
Earnings
Kush Bottles Reports First Quarter Fiscal 2017 Results - OTCMarkets.com http://www.otcmarkets.com/stock/KSHB/news/Kush-Bottles-Reports-First-Quarter-Fiscal-2017-Results?id=149102&b=y
Kush Bottles Reports First Quarter Fiscal 2017 Results
Jan 20, 2017
OTC Disclosure & News Service
-
Kush Bottles Reports First Quarter Fiscal 2017 Results
PR Newswire
SANTA ANA, Calif., Jan. 11, 2017
SANTA ANA, Calif., Jan. 11, 2017 /PRNewswire/ -- Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, reported financial results for its first fiscal quarter ended November 30, 2016.
First Quarter Fiscal 2017 Financial Highlights vs. First Quarter Fiscal 2016
Revenue up 44% to $2.47 million
Gross margin up 50 basis points to 33.8%
Net loss, including $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense, was $(0.16) million compared to net income of $5,000
Record cash balance of $2.0 million compared to $0.30 million
Working capital up significantly to a record $3.38 million compared to $0.26 million
Executive Commentary
"Our first fiscal quarter began on a strong note, with record revenue and the strongest cash and working capital positions in our company's history," said Nick Kovacevich, co-founder and CEO of Kush Bottles. "This was driven by continued growth in California and Washington. More specifically, our customer base, average order size and number of orders continue to climb, and our e-commerce revenues also continue to increase. Our custom branded packaging revenues increased nearly three times from last year and our SKU count grew by 73%.
"During the quarter, we implemented a new cloud-based accounting, CRM and ERP system which we expect will improve our ability to scale. Our new larger facility in Washington has helped to accommodate continued growth, and we also expanded our sales force to penetrate the new states that legalized cannabis in the November 2016 election.
"As we look towards the remainder of 2017, we believe we are well-positioned to capitalize on the growth opportunities which exist in the developing, regulated cannabis industry. We have increased our customer base, which exceeds 3,000 producers, processers and retailers, and we've created one of the largest product libraries in the industry, with distribution spanning across 28 states and Canada. Also, we have doubled our revenue for two consecutive years, and we believe we remain in the early stages of our growth."
First Quarter Fiscal 2017 Financial Results
Total revenue in the first fiscal quarter of 2017 increased 44% to $2.47 million compared to $1.72 million in the first fiscal quarter of 2016. The increase was primarily attributed to growth in the number of customers, average order size and order volume in the Company's largest markets, as well as continued growth in other states with emerging legalized cannabis programs.
Gross margin in the first fiscal quarter of 2017 increased 50 basis points to 33.8% compared to 33.3% in the first fiscal quarter of 2016.
Operating expenses in the first fiscal quarter of 2017 increased to $0.97 million compared to $0.56 million in the first fiscal quarter of 2016. This was primarily due to a $0.12 million increase in non-cash stock compensation expense and a $0.15 million increase in payroll and related expenses due to an expansion of the Company's sales force and operational personnel.
Net loss in the first fiscal quarter of 2017 was $(0.16) million or $(0.00) per share, compared to net income of $5,000 or $0.00 per share in the first fiscal quarter of 2016. Net loss in the first fiscal quarter of 2017 included $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense. Excluding these charges, net income would have been approximately $7,000 or $0.00 per share.
At November 30, 2016, cash increased significantly to $2.00 million compared to $0.30 million as of November 30, 2015. Total debt was reduced to $55,000 compared to $0.20 million in the first fiscal quarter of 2016.
Working capital was up significantly to $3.38 million as of November 30, 2016 compared to $0.26 million as of November 30, 2015, primarily driven by the increase in cash.
About Kush Bottles
Kush Bottles, Inc. (OTCQB: KSHB) provides packaging products and solutions to producers, processers and retailers operating in the regulated medical and recreational cannabis industry. Founded in 2010, Kush Bottles has sold more than 100 million bottles and regularly services more than 3,000 customers across the United States and Canada. The company primarily services the business-to-business market, which includes legally operated medical and adult-use dispensaries, growers and marijuana-infused product (MIP) manufacturers. Kush Bottles aims to be the gold standard for responsible branding and packaging in the cannabis industry.
Kush Bottles has no direct involvement with cannabis plants or extracts.
The company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and Inc. Magazine. For more information, visit www.kushbottles.com or call (888)-920-5874.
Connect
Website: www.kushbottles.com
Instagram: instagram.com/kushbottles
Facebook: facebook.com/kushbottles
Twitter: twitter.com/kushbottles
News
http://www.otcmarkets.com/stock/KSHB/news
Financials
http://www.otcmarkets.com/stock/KSHB/financials#
Outstanding Shares 49,734,174 a/o Jan 11, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 9,662,764 a/o Nov 09, 2016
Par
http://www.otcmarkets.com/stock/KSHB/profile
http://video.cnbc.com/gallery/?video=3000582478
Why Donald Trump Could Become the 'Marijuana President'
- Kush Bottles CEO interview CNBC
$KSHB_Is_A_Buyout/Merger_Target_For_Basically_Any_Marijuana_Co_That_Wants_To_Become_A_One_Stop_Shop!
•Marijuana Companies have a ton of cash to buy out a company like this!!!
Nasdaq_Uplisting_Will_Send_This_Way_Up!!
•Companies Profitable and Growing there Net Income (Disregard Non Cash Write Downs, which don't impact the bottom line)
•Cash on hand increased
•Liquidity Greatly Increased
•Favorable Share Structure, with approximately 9 million shares freely trading in the public float
• No Toxic Debt AKA Convertible Notes as the business can get traditional financing by the major banks if needed
• No Regulatory Risks as the company doesn't physically handle Cannabis
• Favorable Credible Market Awareness by TheStreet.com and CNBC
• High growth business model that's about to explode in size, since the Nov 8th Elections.
• Excellent Management
• Very Low Debt / Liabilities
•Increasing Distribution and Size of recurring order size
•Increasing Customer Base
•Increasing Product Lines, now up to 73 Sku's
•Revenues Growing Exponentially
$KSHB DUE DILIGENCE: #KSHB featured on #CNBC !!!
KSHB featured on CNBC!!! A Container Company Worth Millions
http://video.cnbc.com/gallery/?video=3000582478
Earnings
Kush Bottles Reports First Quarter Fiscal 2017 Results - OTCMarkets.com http://www.otcmarkets.com/stock/KSHB/news/Kush-Bottles-Reports-First-Quarter-Fiscal-2017-Results?id=149102&b=y
Kush Bottles Reports First Quarter Fiscal 2017 Results
Jan 20, 2017
OTC Disclosure & News Service
-
Kush Bottles Reports First Quarter Fiscal 2017 Results
PR Newswire
SANTA ANA, Calif., Jan. 11, 2017
SANTA ANA, Calif., Jan. 11, 2017 /PRNewswire/ -- Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, reported financial results for its first fiscal quarter ended November 30, 2016.
First Quarter Fiscal 2017 Financial Highlights vs. First Quarter Fiscal 2016
Revenue up 44% to $2.47 million
Gross margin up 50 basis points to 33.8%
Net loss, including $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense, was $(0.16) million compared to net income of $5,000
Record cash balance of $2.0 million compared to $0.30 million
Working capital up significantly to a record $3.38 million compared to $0.26 million
Executive Commentary
"Our first fiscal quarter began on a strong note, with record revenue and the strongest cash and working capital positions in our company's history," said Nick Kovacevich, co-founder and CEO of Kush Bottles. "This was driven by continued growth in California and Washington. More specifically, our customer base, average order size and number of orders continue to climb, and our e-commerce revenues also continue to increase. Our custom branded packaging revenues increased nearly three times from last year and our SKU count grew by 73%.
"During the quarter, we implemented a new cloud-based accounting, CRM and ERP system which we expect will improve our ability to scale. Our new larger facility in Washington has helped to accommodate continued growth, and we also expanded our sales force to penetrate the new states that legalized cannabis in the November 2016 election.
"As we look towards the remainder of 2017, we believe we are well-positioned to capitalize on the growth opportunities which exist in the developing, regulated cannabis industry. We have increased our customer base, which exceeds 3,000 producers, processers and retailers, and we've created one of the largest product libraries in the industry, with distribution spanning across 28 states and Canada. Also, we have doubled our revenue for two consecutive years, and we believe we remain in the early stages of our growth."
First Quarter Fiscal 2017 Financial Results
Total revenue in the first fiscal quarter of 2017 increased 44% to $2.47 million compared to $1.72 million in the first fiscal quarter of 2016. The increase was primarily attributed to growth in the number of customers, average order size and order volume in the Company's largest markets, as well as continued growth in other states with emerging legalized cannabis programs.
Gross margin in the first fiscal quarter of 2017 increased 50 basis points to 33.8% compared to 33.3% in the first fiscal quarter of 2016.
Operating expenses in the first fiscal quarter of 2017 increased to $0.97 million compared to $0.56 million in the first fiscal quarter of 2016. This was primarily due to a $0.12 million increase in non-cash stock compensation expense and a $0.15 million increase in payroll and related expenses due to an expansion of the Company's sales force and operational personnel.
Net loss in the first fiscal quarter of 2017 was $(0.16) million or $(0.00) per share, compared to net income of $5,000 or $0.00 per share in the first fiscal quarter of 2016. Net loss in the first fiscal quarter of 2017 included $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense. Excluding these charges, net income would have been approximately $7,000 or $0.00 per share.
At November 30, 2016, cash increased significantly to $2.00 million compared to $0.30 million as of November 30, 2015. Total debt was reduced to $55,000 compared to $0.20 million in the first fiscal quarter of 2016.
Working capital was up significantly to $3.38 million as of November 30, 2016 compared to $0.26 million as of November 30, 2015, primarily driven by the increase in cash.
About Kush Bottles
Kush Bottles, Inc. (OTCQB: KSHB) provides packaging products and solutions to producers, processers and retailers operating in the regulated medical and recreational cannabis industry. Founded in 2010, Kush Bottles has sold more than 100 million bottles and regularly services more than 3,000 customers across the United States and Canada. The company primarily services the business-to-business market, which includes legally operated medical and adult-use dispensaries, growers and marijuana-infused product (MIP) manufacturers. Kush Bottles aims to be the gold standard for responsible branding and packaging in the cannabis industry.
Kush Bottles has no direct involvement with cannabis plants or extracts.
The company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and Inc. Magazine. For more information, visit www.kushbottles.com or call (888)-920-5874.
Connect
Website: www.kushbottles.com
Instagram: instagram.com/kushbottles
Facebook: facebook.com/kushbottles
Twitter: twitter.com/kushbottles
News
http://www.otcmarkets.com/stock/KSHB/news
Financials
http://www.otcmarkets.com/stock/KSHB/financials#
Outstanding Shares 49,734,174 a/o Jan 11, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 9,662,764 a/o Nov 09, 2016
Par
http://www.otcmarkets.com/stock/KSHB/profile
http://video.cnbc.com/gallery/?video=3000582478
Why Donald Trump Could Become the 'Marijuana President'
- Kush Bottles CEO interview CNBC
CANL Officially Dissolved! Selling Out!
Found 2 matching record(s). Viewing page 1 of 1.
# ID Number Document Number Name Event Status Form Formation Date
1 20101219505 20101219505 CannLabs, Inc Articles of Incorporation Name Changed DPC 04/19/2010
2 20101219505 20161479838 CannLabs, Inc, Dissolved July 18, 2016 Articles of Dissolution Voluntarily
Dissolved DPC 04/19/2010
Colorado Secretary of State - Summary https://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&entityId2=20101219505&srchTyp=ENTITY&fileId=20161479838&masterFileId=20101219505
Summary
Details
Name CannLabs, Inc, Dissolved July 18, 2016
Status Voluntarily Dissolved Formation date 04/19/2010
ID number 20101219505 Form Corporation
Periodic report month April Jurisdiction Colorado
Principal office street address 3888 E. Mexico Ave, Ste B50, Denver, CO 80210, United States
Principal office mailing address n/a
Registered Agent
Name Mark C. Mirken
Street address 3222 E 1st Ave, Denver, CO 80206, United States
Mailing address 3222 E 1st Ave, Denver, CO 80206, United States
Looks like A Reverse Merger is the most likely scenario, otherwise management would have sold out, in which they haven't.
Seems to be a good buying opportunity under .35 cents, as the cannabis markets heating up and this ran to $1 on the last run in November! http://www.otcmarkets.com/stock/CANL/profile Float 6,044,700
Tiny float of just 5 or 6 million shares and they still own cannabis testing equipment and lab testing facility.
This one's taking much longer to come together then I had expected.
Thoughts?
Rainmaker?? So we know Only $275,000 A month in Dilution but if you read the terms of the Covertible Note, one thing that is catching my eye is that it says per Calendar Month. So as of 11/25/2016, im wondering if they can blow out $275,000 worth of stock between 11/25 and 11/30/16 as that is one Calendar Month OR is it a Rolling 30 Day Calendar Month Period.. I think its a real question to be clarified as the Volume at this level, does not make any sense!
Are we all missing something? Or is this manipulation.
Brutal Day Here!! Will wait to see where it settles out then make a determination! We all new about the delisting as it was approved by shareholders, the problem is nobody does research and all of a sudden it catches them off guard!
I cant say that I am shocked, because I had thought this was possible! The story remains the same, but the delisting of the stock, even though its been disclosed 100X is brutal!
Thanks. Shall be an interesting day!
Whats the New TICKER?? Its showing up as "Ghosted Out" in my account.
I saw the S3 Filing and initially got nervous, then realized it was being canceled. Have a Great Weekend.
Legal Pot Brings Temporary Tax Break for Some Medical Users - ABC News
http://abcnews.go.com/Politics/wireStory/legal-pot-brings-temporary-tax-break-medical-users-43621453?cid=abcn_tco
$MJNA $CVSI Legalization brings temporary tax break for some medical marijuana users in California.
https://t.co/BIzjfcse7c https://t.co/w5JIYQuCe7
@MJNA_INC $MJNA $CVSI CA Marijuana #Legalization snafu means tax holiday for MMJ firms
#Marijuana #News #Hemp #Pot http://mjbizdaily.com/ca-marijuana-legalization-initiative-snafu-means-tax-holiday-for-mmj-firms/