Kush Bottles Inc (OTCMKTS:KSHB) Revenue Jumps 258% YoY In Q1 2018 – MMJ Reporter

Kush Bottles Inc (OTCMKTS:KSHB) issued financial report for its first quarter of FY2018, for the period closed November 30, 2017. Revenue jumped 258% YoY to $8.85 million. Gross margins came at 30% versus 34% in the same period, a year ago, which is attributed to improved business in the segment of lower margin vaporizer product.

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Kush Bottles reported that net income, counting non-cash stock compensation of $382,000, $202,000 in depreciation & amortization expense as well as SG&A of $1.9 million, stood at $94,615 versus net loss of $161,000 in same quarter of 2017. Cash balance stood at $5.5 million as of the close of November 30, 2017 versus $0.9 million as of the close of August 31, 2017. The company reported that working capital came at $8.6 million as of the close of November 30, 2017 versus $3.4 million as of the close of August 31, 2017.

Nick Kovacevich, the CEO and Chairman of Kush Bottles, expressed that the entered FY2018 with excellent momentum as they noted the impact of the strategic measures implemented throughout 2017 begin to

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