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.
Related: Kush Bottles Q3 2017 Financial Results Breakdown
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").
Related: Get to Know Alaska's Recreational Marijuana Laws
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%.
Learn more about Kush Bottles by checking out the company's marijuana stock profile in The Daily Marijuana Observer's cannabis stock database. Find out more regarding the marijuana industry in Alaska by checking out our Alaska news section and subscribing to our state specific marijuana email updates.
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