KushCo Holdings, Inc. Announces Long Term Supply Arrangements-in-Principle Totaling Up To $75.0 million
GlobeNewswire•January 16, 2019

GARDEN GROVE, Calif., Jan. 16, 2019 (GLOBE NEWSWIRE) -- KushCo Holdings, Inc. (KSHB) (“KushCo” or the “Company”), the parent company of innovative cannabis industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Packaging Solutions, which provide a range of services and products for the regulated cannabis, CBD and other related industries, today announced it has entered into a number of long-term supply arrangements-in-principle with regard to three large, well-known new customers. The Company believes these long-term supply arrangements (with expected terms of one to three years) will not only create lasting partnerships with these new customers, but also are expected to provide the Company with an aggregate value of up to $75.0 million of new revenue over the next three years, while providing more supply chain certainty for all parties involved.

Jason Vegotsky, Kush Supply Co.’s President commented, “We are witnessing a rapid evolution of our customer base as the large multi-state operators continue to gain scale and prepare for additional market legalization. As the leading provider of ancillary products and services into the US and Canadian cannabis markets our customers count on us to provide security of supply so they can maximize their market opportunities. It is therefore vital we have the products they need, readily available and in the ever-increasing quantities they require. These long-term supply arrangements, once implemented, will establish a working partnership such that both parties can achieve the maximum benefit in this dynamic market environment.”