Company Sees over 200% Quarter-Over-Quarter Revenue Increase in Illinois and Michigan from Q1 to Q2
GARDEN GROVE, CA / ACCESSWIRE / June 27, 2019 / KushCo Holdings, Inc. (OTCQX: KSHB) (''KushCo'' or the ''Company''), announced the development of a new 40,000 square foot distribution facility in Taylor, Michigan. The new facility will support the Company's rapidly growing operations across the Midwest, including Illinois and Michigan, which both recently legalized recreational cannabis.
The facility will serve as the Company's anchor in the Midwest and will include a show room, sampling room and office space for sales and operations teams. With states like Michigan, Illinois and Missouri entering into medical and recreational markets, the new facility will optimize operational efficiencies and enable KushCo to grow customer relationships in the Midwest region.
"We're excited to invest in the infrastructure to support these key markets with boots on the ground in the Midwest and the launch of our new distribution facility in Michigan. This new initiative will expand our footprint and deepen our relationships with operators in the region," said Nick Kovacevich, CEO of KushCo Holdings. "Our 215% quarter-over-quarter growth in Michigan is a testament to the potential in the region and our ability to remain a valued partner in the most promising recreational and medical markets across the United States."
Jason Vegotsky, the Company's Chief Revenue Officer, added, "Illinois is a particularly important market for us given our relationships with key MSOs headquartered there, and our investments are already paying off with new customers being onboarded to our platform. An essential aspect of our aggressive expansion strategy is our commitment to strategic investments in regions throughout the country as the legal structure supporting cannabis continues to evolve."
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About KushCo Holdings
KushCo Holdings, Inc. (OTCQX: KSHB) (www.kushco.com) is the premier producer of ancillary products and services to the cannabis and hemp industries. KushCo Holdings' subsidiaries and brands provide, product quality, exceptional customer service, compliance knowledge and a local presence in serving its diverse customer base.
Founded in 2010, KushCo Holdings has now sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe.
The Company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and Inc. Magazine. While KushCo Holdings provides products and solutions to customers in the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any products that contain THC or CBD.
For more information, visit www.kushco.com or call (888)-920-5874
KushCo Holdings Contacts
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
212-896-1233 / 212-896-1203
SOURCE: KushCo Holdings, Inc.