Kush Bottles, Inc. (OTCQB: KSHB) announced on June 6th the company’s new division, Koleto Packaging Solutions, which will provide FDA compliant packaging solutions to pharmaceutical and veterinary industries. Kush Bottles is currently one of the leading producers of cannabis packaging supplies.
The company aims to increase revenue with this new division to follow the projection of the pharmaceutical packaging market to reach $158.8 billion by 2025.
Koleto Packaging Solutions will be the answer to the pharmaceutical companies that are already heavily invested into research and product development. Koleto will be a guaranteed, safe, and proven way for their products to be packaged.
KSHB has so far increased by 3.36% after four hours of trading on the date of the division announcement that was made today, June 6th.
Read more about the expansion within the cannabis industry with Cannin News.