Replies to post #2451 on Kush Supply Co. (fka KSHB)

[BirdsOfFire]

In reference to this excerpt:

"...Founded in 2010, KushCo has now sold more than 1 billion units and regularly sells to more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. KushCo’s subsidiaries maintain facilities in the five largest U.S. cannabis markets as well as having a local sales presence in every major U.S. cannabis market...."

https://mjobserver.com/investments/stocks/kushco-holdings-closes-34000000-registered-direct-offering/

If KUSH has sold more than 1 billion units, it seems to me they should not have to dilute the stock with a Registered Direct Offering. They should have plenty of cash on hand to reinvest back into the company. I am missing something here?

IMO