Kush Supply Co. (fka KSHB)

[Bed Bath & Beyonce]

There may be a small goose in the SP today, but I don't see it lasting.....nearly everything else in the sector is red today.

KSHB issues are more than just the Chinese tariffs, those simply exposed KSHB's issues quicker.

Company lost $40M in FY2019, it has just under $4M in cash. September's bought-deal financing brought in $27.6M (and who knows how much of that is left), and has $58M of debt.

Company needs to spend in order to expand....that bought-deal financing money and the $50M credit is going to go faster than the backstage buffet at a Lizzo show.

I think this is going to reach the ~$1.05 support level established in Spring 2017 before it gets better.