Leading Ancillary Company Continues to Capitalize on Explosive Cannabis Industry Growth, backed by Merida Capital Partners
In February 2018, Kush Bottles raised $6 million from Merida Capital Partners to support its East Coast expansion plans. Kush partners with cannabis companies, including dispensaries, retail stores, cultivators, and manufacturers, and gives them access to an extensive portfolio that covers compliant packaging for flower and concentrate products, vaporizer products, and more. The company reported revenue of $19 million in the year ending August 31, 2017 and over $8.8 million in the first quarter of its 2018 fiscal year, making it one of the highest revenue generators among publicly-traded cannabis companies. CEO Nick Kovacevich spoke with New Cannabis Ventures about his company’s growth, plans to uplist on a higher exchange, and why a new company name is in the works.. In the full audio interview, Mr. Kovecevich discusses the immediate impact made by not only by the infusion of capital, but also Merida Capital Partners' keen understanding of the cannabis market and where it's headed. He decribes Merida's expertise in positioning portfolio companies for industry synergies as well as accomplishing their individual visions. Click on the second link below to listen to all of Carrie Pallardy's interview. Mr. Kovacevich described the Merida impact in detail at the 5:45-6:45 mark of the 25-minute interview.