InvestorsHub Logo
Followers 14
Posts 698
Boards Moderated 0
Alias Born 04/06/2011

Re: None

Wednesday, 09/26/2018 1:17:42 PM

Wednesday, September 26, 2018 1:17:42 PM

Post# of 3113
More coverage...

https://finance.yahoo.com/news/niche-pot-stock-delivered-171-115100465.html

A U.S.-based pot stock with 171% full-year sales growth? You bet!
Whereas most of the focus has been on direct cannabis players -- i.e., companies that directly come into contact with the plant, such as growers, processors, distributors, and retailers -- it's the ancillary marijuana industry that could hold the key to substantial gains moving forward. One such company, which is U.S.-based, might I add, that has the potential to really turn heads going forward is KushCo Holdings (NASDAQOTH: KSHB) (formerly Kush Bottles).
Last week, KushCo announced its preliminary sales results from fiscal 2018. Though still subject to change while undergoing auditing, the company's press release notes the expectation that it generated $51 million in sales for the year. That's a 171% increase from the prior-year period, and it comes on the heels of a 129% year-over-year sales increase in fiscal 2017 from 2016. KushCo has completely transformed its business over the past year to put itself at the center of three rapidly growing trends in the cannabis industry. Or, in layman's terms, its 171% sales growth could be just the tip of the iceberg.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.