KushCo Holdings, Inc. Reports a 186% Increase in Year-over-Year Revenue


KushCo Holdings, Inc., the parent company of many industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Innovations, all of which provide a wide range of services and products for various industries (geared mostly toward the regulated cannabis and CBD industries), recently reported their financial results for its first fiscal quarter of 2019. What exactly were there results? According to their First Fiscal Quarter Financial Summary, “revenue was up 186% Year-over-Year to $25.3 million. Revenue exceeded the previous quarterly high of approximately $20 million in the fourth fiscal quarter of 2018, representing a 26.5% increase.”

Check out their entire First Fiscal Quarter Operational Summary to view all the changes that were made. One key factor that was mentioned was utilizing consultants to build scalable and sustainable processes that maximize efficiency.

“We have implemented a number of strategic operational initiatives,” says Nick Kovacevich, Chairman and Chief Executive Officer. “We are also improving operational processes through the rollout of a new Warehouse Management System, which will allow us to improve inventory accuracy, expand gross margins through a more efficient supply chain and support the overall scaling of our business.” Nick concluded with, “We are focused on building out a scalable, sustainable business and, as 2019 unfolds and new markets and geographies open up, we will continue to expand our presence as a primary supply chain partner to the industry.”

Read more at GlobeNewswire, Inc.

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