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KushCo Holdings Falls On Wider Q4 Loss, Company Issues Strong 2020 Outlook
Posted on Friday November 08, 2019
KushCo Holdings, Inc. (OTC: KSHB) reported fourth-quarter net revenue of $47 million Thursday, up 135% from the same period in 2018. Its net loss on a GAAP basis was around $11.5 million, up from a net loss of $3.2 million in the corresponding period of the prior year. KushCo disclosed a basic and diluted loss per share of 13 cents versus a loss per share of 4 cents in the prior year period.
Cannabis packaging company KushCo expects more than $230 million in 2020 revenue
Posted on Thursday November 07, 2019
Cannabis packing and vape company KushCo Holdings Inc. reported Thursday 135% gain in revenue and a widening net loss for the company's fiscal fourth quarter. KushCo does not trade after hours. The company reported a fiscal fourth-quarter loss of $11.5 million, or 13 cents a share, versus $3.2 million, or 4 cents a share, in the year-ago period. Revenue rose to $47 million from $20 million in the year-ago period. Analysts surveyed by FactSet had estimated revenue of $45.8 million. For the fiscal first quarter, analysts model $42.4 million. KushCo said it expects fiscal 2020 revenue of $230 million to $250 million, $25 million of which will result from the company's recently announced hemp trading business. KushCo stock has fallen 70% this year, as the S&P 500 index has gained 23%. The ETFMG Alternative Harvest ETF has fallen 25%.
KushCo Holdings Reports Fiscal Fourth Quarter and Full Year 2019 Results
Posted on Thursday November 07, 2019
Net Revenue For Fiscal 2019 Increased 186% Year-Over-Year to $149.0 Million, Setting a New Company Record for Annual Revenue Company Issues Fiscal 2020 Net Revenue Guidance of Between $230 Million and ...
KushCo Holdings Expands CBD Footprint with Launch of New Hemp Trading Business
Posted on Wednesday November 06, 2019
CYPRESS, CA / ACCESSWIRE / November 6, 2019 / KushCo Holdings, Inc. (KSHB) (''KushCo'' or the ''Company''), the premier producer of ancillary products and services to the legal cannabis and CBD industries, has announced today that it has expanded its CBD footprint with the launch of a new hemp trading business focused on facilitating legally compliant hemp transactions for in-network, pre-qualified farmers and a pre-qualified buyer network. The Company has also entered into a partnership with a leader in U.S. industrial hemp farming, who will serve as a supplier for verified buyers.