Company hires biotech leader to head development of terpenes for use in commercial and medicinal markets
Santa Ana, California – June 21, 2017 – Kush Bottles, Inc. (OTCQB: KSHB),a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry, announced today the opening of a new Product Development and Genomics Lab to produce innovative terpene formulations. The lab will be located in San Diego, California, an internationally renowned biotech hub.
The company has appointed Wayne Green as Director of Science & Innovation. In this role, Green will oversee development of terpene-based products, as well as direct TerpsOnTerps.com, Kush Bottles’ terpene knowledge base and online marketplace.
According to a market study released by Technavio, the global aroma chemicals market is expected to reach $4.968 billion by 2021.Terpenes hold the largest share of this global sector, accounting for 36.8% of the market.
Terpenes are produced naturally in plants and trees, and are used worldwide in a variety of products such as fragrances, flavors, and biofuels.
Green joins Kush Bottles with over 20-years experience in the biotechnology sector, where he focused on the development of natural products and genomic technologies with agricultural and pharmaceutical applications. Prior to joining Kush Bottles, Green co-founded Trinity Terpenes, where he led the creation and development of authentic terpene profiles. Prior to that, Green led a team of scientists at Yulex in a genomics breeding program. He also developed a natural biocide that utilized terpenes, and led field trials showcasing its potential as a replacement to synthetic pesticides.
“Wayne’s unique mix of skills and experience in genomics breeding and as an entrepreneur make him an excellent choice to lead Kush Bottles’ expansion into the terpene business,” Nicholas Kovacevich, Chief Executive Officer of Kush Bottles, said. “We look forward to his leadership role in developing and evaluating natural-chemical products that expand our product portfolio.”
“I am excited to lead Kush Bottles entry into the global terpene market, especially at this exciting and energetic time, as the company rapidly expands its customer base, product offerings, and geographic footprint,” Green commented. “I am looking forward to building out a range of terpene-based products as Kush Bottles aims to build market share in this growing and multi-faceted sector.”
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TerpsOnTerps.com is Kush Bottles’ knowledge base and online marketplace for terpene-based products. Terps On Terps offers businesses and consumers key facts and research about terpenes, while offering science-driven non-THC products with high quality standards of consistency, effectiveness and purity.
About Kush Bottles, Inc.
Kush Bottles, Inc. is a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry.
Founded in 2010 as a packaging and supplies company for dispensaries and growers, Kush Bottles has sold more than 100 million units and now regularly services more than 4,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market. Kush Bottles aims to be the gold standard for responsible and compliant products and services in the cannabis industry. Kush Bottles has no direct involvement with cannabis plants or extracts.
For more information, visit www.kushbottles.com or call (888)-920-5874.
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent our current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: “potential,” “look forward,” “believe,” “dedicated,” “building,” or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the United States Securities and Exchange Commission (SEC), available at: www.sec.gov, and on our website, at: www.kushbottles.com.
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