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Kush Bottles Reports Third Fiscal Quarter 2018 Results
Revenues Increased 173% Year-over-Year to approximately $12.9 million
SANTA ANA, Calif., July 12, 2018 (GLOBE NEWSWIRE) — Kush Bottles, Inc. (OTCQB:KSHB) (“Kush Bottles” or the “Company”) a leading provider of packaging, supplies, vaporizers, hydrocarbon gases, solvents, accessories and branding solutions for the regulated cannabis industry, today reported financial results for its third quarter of 2018, for the period ended May 31, 2018.
Fiscal Third Quarter Financial Summary
- Revenue was up 173% Year-over-Year to $12.9 million.
- Gross margins were 28.3%, compared with 35.5% in the prior year period, which is attributed to increased business in the lower margin vaporizer and cartridge product segment(s).