Zacks Investment Research upgraded shares of Kush Bottles (OTCMKTS:KSHB) from a sell rating to a hold rating in a report published on Wednesday.

According to Zacks, “Kush Bottles, Inc. markets and sells packaging products and solutions to medical and recreational cannabis industries. The Company specializes in the wholesale distribution of packaging supplies and customized branding solutions for the cannabis industry. Its packaging business primarily consists of bottles, bags, tubes and containers. The company offers labeling and customization capabilities to its customers’ packaging design processes. Its products are utilized by local urban farmers, green house growers and medical and recreational cannabis dispensaries. The company sells primarily into the business-to-business market, which includes legally operating medical and adult-use dispensaries, growers and marijuana infused product producers. It provides smaller sized containers composed of either polystyrene, silicone-lined polystyrene or glass. Kush Bottles, Inc., is based in Santa Ana, United States. “

KSHB stock opened at $4.09 on Wednesday. Kush Bottles has a 12 month low of $1.81 and a 12 month high of $8.51.

Kush Bottles (OTCMKTS:KSHB) last released its quarterly earnings results on Thursday, July 12th. The company reported ($0.03) EPS for the quarter. Kush Bottles had a negative net margin of 6.84% and a negative return on equity of 5.25%. The business had revenue of $12.90 million during the quarter, compared to analysts’ expectations of $12.03 million. The company’s revenue for the quarter was up 174.5% on a year-over-year basis. equities research analysts expect that Kush Bottles will post -0.06 EPS for the current fiscal year.

In other Kush Bottles news, Chairman Nicholas Kovacevich sold 200,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $4.86, for a total value of $972,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 36.70% of the company’s stock.

About Kush Bottles

Kush Bottles, Inc markets and sells packaging products and solutions in the United States. It offers pop top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; cartridges and batteries; and polystyrene, polypropylene, or silicone-lined polystyrene containers to urban farmers, green house growers, and medical and recreational cannabis dispensaries.

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