Zacks Investment Research upgraded shares of KushCo (OTCMKTS:KSHB) from a sell rating to a hold rating in a research note published on Tuesday.

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. “

KushCo stock opened at $5.41 on Tuesday. KushCo has a 1-year low of $1.82 and a 1-year high of $8.51.

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

In other news, Director Dallas Imbimbo sold 224,174 shares of KushCo stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $5.41, for a total transaction of $1,212,781.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Nicholas Kovacevich sold 200,000 shares of KushCo stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $4.86, for a total transaction of $972,000.00. The disclosure for this sale can be found here. 36.70% of the stock is owned by company insiders.

About KushCo

KushCo Holdings, Inc, through its subsidiaries, provides various products and services for the regulated cannabis, CBD, and other related industries. It distributes vaporizer products, packaging, supplies, and accessories, as well as offers branding services to cannabis operators; and provides hydrocarbon gases and solvents to the cannabis sector.

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