Kush Supply Co. (fka KSHB)

[Bed Bath & Beyonce]

Down 15% as I type this on very heavy volume and no news. What’s going on?

There is news, another cash raise.....

CYPRESS, CA / ACCESSWIRE / February 6, 2020 / KushCo Holdings, Inc. (KSHB) ("KushCo" or the "Company"), today announced it has entered into definitive agreements with investors for the purchase and sale of 10,000,000 units, with each unit consisting of one share of common stock, par value $0.001 per share, and a warrant to purchase half a share of common stock, at an offering price of $1.60 per unit, pursuant to a registered direct offering. The warrants will have an exercise price of $2.00 per share, will be immediately exercisable and will expire five years from the date of issuance. The gross proceeds of the offering will be approximately $16 million before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for working capital and for other general corporate purposes. The closing of the registered direct offering is expected to take place on or about February 10, 2020, subject to the satisfaction of customary closing conditions.