This morning, Cannabis-focused packaging provider, Kush Bottles Inc. (OTC:KSHB)announced that the company has entered into an exclusive distribution agreement with JKD Brands, an Alaska-focused seller of packaging and related products to cannabis companies.
Under the agreement, JKD Brands will allow Alaskan cannabis companies to access Kush Bottles' products including child-resistant packaging, state-compliant labeling, and accessories locally instead of having to handle logistical challenges and expenses associated with sourcing products from the contiguous United States (the "lower 48").
Kush Bottles' CEO, Nicholas Kovacevich had this to say about the partnership:
"We chose to partner with JKD Brands because their knowledge of the local Alaska regulatory, logistics, and market conditions is second to none. JKD's management team brings substantial local and state knowledge, with the support, capabilities and know-how of an established national partner. We are confident they are the right partners to extend Kush Bottles' reach into the Alaska market."
In midday trading Tuesday, shares of Kush Bottles are falling nearly 4% on lighter than average volume. Year-to-date, shares of Kush Bottles have a had a tough go of it, falling roughly 35%.
Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.