Kushco Holdings, Inc. (OTCQX: KSHB) just announced that the company has officially filed an application to list on the NASDAQ. Common shares of KushCo will continue to trade on OTC Markets under the stock ticker symbol of “KSHB” until all necessary approvals have been received.
Upon NASDAQ and any other necessary regulatory agency approval, the company’s common shares will uplist and begin to trade on the NASDAQ Global Select Market. An official stock ticker symbol for KushCo’s uplisted common shares has not been announced. The decision to file the application was made in order to diversify the company’s shareholder base and enhance its share liquidity to support long-term goals and objectives.
Nick Kovacevich, Chairman and Chief Executive Officer of KushCo Holdings, stated: “Listing on the NASDAQ Global Select Market, the highest and most prestigious NASDAQ tier, will raise the company’s profile by diversifying our shareholder base and enhancing share liquidity in support of our company’s long-term goals and objectives.”
KushCo provides products and services to both cannabis and hemp product corporations who are cultivators, processors, and product producers. The company recently reported a year-over-year net revenue increase of 221% to $41.5 million and since it was established in 2012 has sold over 1 billion total units in North America, South America, and Europe.
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