Welcome to our dedicated page for KushCo Holdings news (Ticker: KSHB), a resource for investors and traders seeking the latest updates and insights on KushCo Holdings stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KushCo Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KushCo Holdings's position in the market.
KushCo Holdings has partnered with Project Mission Green to support social justice for individuals impacted by nonviolent cannabis offenses. The partnership includes co-marketing initiatives and a commitment to donate up to 50% of proceeds from select product sales to the cause. This collaboration reaffirms KushCo's dedication to addressing social injustices linked to the cannabis industry. The company's CEO emphasized their ongoing commitment to promoting social equity and supporting those affected by the War on Drugs.
KushCo Holdings (KSHB) anticipates fiscal Q4 2020 revenue between $25.5 million and $26.0 million, reflecting a 14% to 17% sequential increase. This growth is attributed to increased sales from major customers. The company expects positive adjusted EBITDA between $0.25 million and $0.75 million, marking its first positive EBITDA in over three years. Cash SG&A expenses are projected to remain between $6.5 million and $7.5 million. KushCo concluded the quarter with approximately $10.5 million in cash, maintaining a solid financial position.
KushCo Holdings (OTCQX:KSHB) announces participation in key financial conferences in September and October 2020, showcasing its role in the cannabis and CBD industries. Key events include the AGP Consumer Cannabis Virtual Conference on September 29, Jefferies Virtual Cannabis Summit on October 7, and the Benzinga Cannabis Capital Conference on October 15. The company aims to highlight its extensive product offerings and industry expertise, having sold over 1 billion units since its inception in 2010. For investor relations, contact info is provided.