KUSH BOTTLES INC. KSHB: OTCQB 2.91 +0.11 (+3.93%) Nov. 28. 2017 Fiscal Year End 2017 Financial Summary Revenue was up 129% Year-over-Year to $18.8 million; revenues included four months of sales from CMP Wellness which was acquired on May 1, 2017. Gross margins held steady at 33%, in line with the prior year period. Net income, including $943,000 in non-cash stock compensation, $301,000 in depreciation and amortization expense and $4.6 million in SG&A, was $69,000 compared to net income of $72,000 in fiscal year 2016; the increase in operating expenses stems from costs associated with the acquisition of CMP Wellness, as well as higher SG&A costs to support an expanded outside sales program. Working capital was $3.45 million compared to $2.03 million at August 31, 2016. https://ir.kushbottles.com/category/press-releases/ https://www.kushbottles.com https://www.otcmarkets.com/stock/KSHB/profile
Supreme Pharmaceuticals (OTC:SPRWF) (TSXV:FIRE) ...wholly owned 7ACRES subsidiary recently received approval from Health Canada to begin cultivation at its 30,000 square-foot flowering rooms at the company's hybrid grow facility. The additional flowering rooms increases the size of 7ACRES' flowering facility to 40,000 square feet. 7ACRES, and thus Supreme, also has its footing in oils via a retail partnership with Aurora Cannabis (TSX: ACB) (OTC: ACBFF). In its fourth-quarter financial results, Aurora said sales of dried medical cannabis and cannabis oils contributed $5.6 million to revenues, of which $0.4 million (7.1%) was generated in Germany and $5.2 million in Canada (http://nnw.fm/MOgY2). Adoption of cannabis oil continues to increase as a preferred alternative to cannabinoid consumption, providing cannabis cultivators with an unprecedented market opportunity paced by rising consumer demand. https://www.networknewswire.com/rising-demand-cannabis-oils-pushes-canadas-producers-overdrive/
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