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Kush Bottles

Kush Bottles Reports Second Quarter Fiscal 2017 Results

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Revenues increased 65% to $3 million; Gross Margins increased to 35.6% SANTA ANA, Calif. – April 12, 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, reported financial results for its second fiscal quarter ended February 28, 2017. Second Quarter Fiscal 2017 Financial Summary Revenue was up 65% Year-over-Year to $3.0 million; Gross margins increased 240 basis points Year-over-Year to 35.6%; Net income, including $0.15 million in non-cash stock compensation, $43,000 in depreciation and $0.9 million in SG&A, was $3,619 compared to net income of $8,618 in 2Q 2016; Record cash balance of $2.8 million compared to $1.0 million at August 31, 2016; Working capital up significantly to a record $4.6 million compared to $2.03 million at August 31, 2016 Executive Commentary “We reported another quarter of record revenues, which were up 65% year-over-year and 20% sequentially,” commented Nick…

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Kush Bottles Appoints Kevin Nguyen as Director of Supply Chain

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Santa Ana, California – March 28, 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, announced today it has added to its senior management team by hiring Kevin Nguyen as Director of Supply Chain, effective March 22, 2017. In his role, Kevin will lead the Supply Chain & Logistics team, which manages the buying and delivery processes, quality control systems, inventory supply targets, and product forecasting. Mr. Nguyen has an extensive track record, including 14 years in forecasting, purchasing, and supply chain management at large international corporations. Prior to joining Kush Bottles, he managed a team of ten at Incipio Technologies as its Global Demand Planning Manager. At Incipio, he was responsible for their entire supply chain, including purchasing and demand planning. Prior to working at Incipio, he served as Supply Planning Manager at Belkin International where he…

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Kush Bottles to Move Headquarters, Quadruple California Operating Space to Accommodate Continued Growth

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New facility will allow cannabis packaging company to provide a wider array of products, better service, and quicker delivery times to Los Angeles and most key areas of the state Santa Ana, California – March 23, 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, announced that on July 1, 2017, it will move its corporate headquarters and California fulfillment center to a larger, more centrally located facility in Garden Grove, CA. The new building features greater warehouse space to allow for increased inventory, as well as additional floor space to support new services for the company’s growing customer base. A recent report from the World Bank stated that California just surpassed the nation of France to become the world’s sixth largest economy, only outpaced by the US (as a whole), China, Japan, Germany, and the UK. According…

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Kush Bottles Adds Distribution Partners in Hawaii & Puerto Rico

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Company Plans to Expand Customer Base Domestically and Internationally in New Medical Cannabis Markets Santa Ana, California – March 1, 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, has added two new distribution partners in Hawaii and Puerto Rico, two key medical cannabis markets. The move will significantly enhance the company’s ability to attract and service new customers in these emerging markets. The company’s Hawaii distribution partner will service the island’s dispensaries that provide products to registered patients. Hawaii’s reciprocity program will also allow sales to patients with valid medical marijuana cards who are visiting from other states.  According to the Hawaii Department of Business, Economic Development and Tourism, Hawaii had approximately 9 million tourists visit in 2016. The company’s Puerto Rico distribution partner will service what could potentially be a large cannabis market due in part…

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Kush Bottles Comments on Marijuana Industry Landscape and Regulation

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Santa Ana, California – February 24, 2017 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a leading provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, has issued a statement regarding the state of the marijuana industry landscape: “The cannabis industry continues to grow and evolve at a rapid pace,” said Nick Kovacevich, CEO of Kush Bottles. “In November, four more states approved recreational adult-use cannabis, with an additional four states approving cannabis for medical use. This now brings state legalized cannabis to more than 50% of the country.  Although cannabis has yet to be legalized federally, it’s worth noting that the Department of Justice is prohibited from interfering with businesses or individuals that are complying with medical marijuana state laws.” Based on various market studies, legal cannabis sales continue to be projected to reach more than $20 billion by 2020, up nearly 4 times from approximately…

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Kush Bottles Launches New Products and Resources in the Pacific Northwest

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Enhanced Oregon Product Line and Marketing Campaign to Drive Growth in Customer Base and Sales Santa Ana, California – February 15, 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a leading provider of packaging supplies, accessories and branding solutions for the regulated cannabis industry, has begun to add personnel and resources to build the company’s presence in the state of Oregon. In addition, Kush Bottles has expanded its Oregon product line and now has more than 100 products approved for sale by the Oregon Liquor Control Commission (OLCC). To lead the new sales team in Oregon, Kush Bottles has appointed Gina Engel as Oregon Sales Manager. Gina brings more than 15 years of business development experience and has worked with several prominent brands, including Red Bull. She has expertise in generating new client relationships, building sales volume and working closely with customers to assure their complete satisfaction. Kush Bottles CEO Nick…

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Kush Bottles Appoints Edd Pratt as Vice President of Operations

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Seasoned Executive Brings Strong Track Record of Scaling Middle-Market Companies Santa Ana, California – February 13, 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a leading provider of packaging supplies, accessories and branding solutions for the regulated cannabis industry, has appointed Edd Pratt as vice president of operations, effective February 13, 2017. Pratt brings more than 30 years of sales, business development and operations experience with several engineering and high-tech professional services companies. He most recently served as chief operating officer of Wizard International, a provider of innovative and affordable solutions to the custom framing industry. Prior to his role with Wizard, Pratt held several executive roles where he successfully built and managed operational infrastructures and sales organizations, including positions with NW Tax Pros and UMC Global. He also co-founded New Paradigm Health Systems, a unique producer of dietary supplements. Pratt will be based in Kush Bottles’ fast-growing Pacific Northwest office….

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Kush Bottles Reports First Quarter Fiscal 2017 Results

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SANTA ANA, Calif. – January 11, 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, reported financial results for its first fiscal quarter ended November 30, 2016. First Quarter Fiscal 2017 Financial Highlights vs. First Quarter Fiscal 2016 Revenue up 44% to $2.47 million Gross margin up 50 basis points to 33.8% Net loss, including $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense, was $(0.16) million compared to net income of $5,000 Record cash balance of $2.0 million compared to $0.30 million Working capital up significantly to a record $3.38 million compared to $0.26 million Executive Commentary “Our first fiscal quarter began on a strong note, with record revenue and the strongest cash and working capital positions in our company’s history,” said Nick Kovacevich, co-founder and CEO of Kush Bottles. “This…

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Kush Bottles to Participate in Cowen’s Cannabis Colloquium in New York on January 12, 2017

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SANTA ANA, Calif. – January 5, 2017 – Kush Bottles, Inc. (OTCQB: KSHB), a leading provider of packaging supplies, accessories and branding solutions for the regulated cannabis industry, has been invited to participate in Cowen’s Cannabis Colloquium which is being held in New York City on January 12, 2017. Vivien Azer, Cowen’s lead beverage, tobacco & cannabis analyst, is hosting this one-day summit to further explore the growing cannabis markets. The event will offer an industry overview, the exploration of regulatory issues and insights into the operations of grows, concentrate manufacturing, dispensaries and accessory shops. Kush Bottles Co-Founder and CEO Nick Kovacevich will be speaking on a panel, along with leaders of other notable companies in the cannabis space, to provide expert industry insight and analysis, including packaging trends and regulations that affect this large sector of the legal cannabis industry. For additional information on the event, please contact your…

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Kush Bottles Appoints Eric Baum to Board of Directors

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SANTA ANA, Calif. – December 8, 2016 – Kush Bottles, Inc. (OTCQB: KSHB), a leading provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, has appointed Eric Baum to its board of directors, effective December 7, 2016. Eric Baum’s appointment coincides with Director Greg Gamet’s resignation from the Board after 18 months of service. Baum brings more than 15 years of experience in advising executive teams across a variety of industries, ranging from high-profile Fortune 50 companies to emerging ventures. He currently serves as a managing director at Acquis Consulting Group and its affiliate, Solidea Capital. Baum utilizes his extensive management consulting experience to guide companies through corporate strategy, market positioning, board governance, financing and risk evaluation, among other business initiatives. “Eric has an impressive track record of helping companies of all sizes take the next step in their growth strategies,” said Nick Kovacevich, CEO of…

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