Kush Bottles Completes Acquisitions That Should Double Company Revenues
Impressive growth, strong balance sheet, and rated a “Deep Value” on Seeking Alpha
[ClickPress, Wed Jun 07 2017] Los Angeles, California – June 5, 2017 – Best Stock Bargains (www.beststockbargains.com) issued a report on Kush Bottles, Inc. (OTCQB: KSHB).
Kush Bottles recently announced it had completed acquisition of CMP Wellness, Inc. CMP generated unaudited GAAP revenues of approximately $4.4 million for the six-month period ended February 28, 2017.
Kush Bottles reported revenue of $3.52 million for the same six-month period.
“Assuming both companies maintain their revenue figures, this virtually doubles the size of Kush Bottles,” said Michael Guy, Director of Best Stock Bargains. “However, the stock price remained relatively unchanged despite this positive news, so we believe it is a tremendous bargain at current levels.”
Kush Bottles also recently acquired a leading online distribution platform that brings in an average of 39,500 users per month.
“Kush Bottles is firing on all cylinders, with a sound growth strategy and flawless execution,” Guy added.
Daniel Sermersheim, contributor to Seeking Alpha, wrote: “Kush Bottles has the best fundamentals of any (sector) stock, with a strong balance sheet, fast growing sales, profitability in five of the last six quarters, and a strong acquisition pipeline… Kush Bottles stands out as the highest quality company in the bunch, with the least amount of risk going forward.”
Sermersheim also wrote that KSHB provides “Deep Value” and “Growth at a Reasonable Price,” due in part to the following facts:
• Company has no long term debt and a strong balance sheet.
• Company reported profits in five of the last six quarters.
• Revenue has been growing rapidly.
• Recent acquisitions significantly increases revenues.
Nicholas Kovacevich, Kush Bottles CEO, is focused on company growth. “We are very excited to enter the second half of the year with a significant cash balance and virtually no debt,” he said in a recent statement. “Kush Bottles is in a prime position to invest in growth - both organically and through acquisitions.”
Founded in 2010, Kush Bottles has sold over 100 million units and services over 4,000 customers. The company has three major distribution centers, and a sales presence in major U.S. markets.
The company has been featured in media reports, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and Inc. Magazine.
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