There are so many companies entering the cannabis market - some private, some public - that by now you would think that we would have a clear idea of what works and what doesn't, and be able to emulate other company's success by borrowing their play book.
The good news is, this is absolutely true: There are several companies that have reached levels of success that it is inspiring to take a closer look at what they have done to see if there are lessons to be learned.
The bad news is, two of the most successful companies have wildly different pathways to success.
In this article we examine GW Pharmaceuticals (Ticker: GWPH) and Kush Bottles (Ticker: KSHB), and look into what made them successful. One took the conservative road to riches, the other is very speculative.
Kush Bottles, Inc. (OTC Markets: KSHB), a premier supplier of packaging solutions and accessories for the legal cannabis industry, announced today that its stock has begun trading on the open markets.
“We are pleased to be a publicly traded company, and look forward to the responsibilities and opportunities this listing provides,” said Nicholas Kovacevich, Co-Founder and CEO of Kush Bottles, Inc. “As we head into 2016, we strive to continue to build a strong organization that is known and respected for its quality, service and innovation.”
2015 was a year of many milestones for the Company, including:
Company posted record revenues of over $4 million for fiscal year-end August 31, 2015, up 135% from FY14
Company named to Inc. 5000’s “Fastest Growing Company in America” list, and was the highes...
According to TheStreet.com, Kush Bottles sells approximately one million marijuana bottles a month, and things are going so well that the company is planning for an initial public offering. Kush Bottles CEO Nick Kovacevich wants to take the company even higher.
"Our bottle is a little bit cooler, a little bit different which is what this industry wants and that's not to be associated with the pharmaceutical industry," said Kovacevich.
Kovacevich and a pair of buddies founded Kush in December 2010 after witnessing the rapid growth of the medical marijuana industry in Southern California. The company quickly expanded, becoming the nation's largest wholesale distributor of child safe, medical grade containers for the legal and medical herb industries. Kush's portfolio includes not only its flagship Phi...