GARDEN GROVE, Calif., Feb. 19, 2019 (GLOBE NEWSWIRE) — KushCo Holdings, Inc. (OTCQB: KSHB) (“KushCo” or the “Company”), the parent company of innovative cannabis industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Innovations, which provide a range of services and products for the regulated cannabis, CBD and other related industries, today announced it has added Danny Moses, a private investor and entrepreneur best known for his role as a trader navigating the global financial crisis as chronicled in Michael Lewis’s best-selling novel “The Big Short” and Adam McKay’s Oscar-winning movie of the same name, and Tim Seymour, Chief Investment Officer of Seymour Asset Management, and best known as the co-host of CNBC’s Fast Money, to the Company’s Advisory Board. Mr. Moses and Mr. Seymour will help provide strategic advice and expertise to help accelerate profitable growth, manage risk and enhance operational performance.
Mr. Moses serves on the investment committee of Merida Capital Partners, a private equity fund targeting the fundamental growth drivers of the cannabis industry. He recently founded Moses Ventures, a multi-asset investment fund with a focus in cannabis, which he refers to as “The Big Long.” He began his career in 1991 as a municipal bond analyst for MBIA and worked as an institutional broker at a number of firms, including Oppenheimer. Most notably, he was a trader at Frontpoint Partners, a firm portrayed in both the book and movie “The Big Short.”
Mr. Seymour has over 22 years of investment experience as a capital markets professional across multiple asset classes and geographies. With a history of investing in new and emerging asset classes, Tim has been an early stage investor in the cannabis industry and acts in a formal advisory capacity to multiple companies in the sector. Tim has emerged as one of the top thought leaders and advocates for the cannabis industry. Seymour Asset Management manages cannabis assets for its clients as part of its overall asset allocation.
“Both Danny and Tim are invaluable resources to the KushCo Advisory Board with their distinct knowledge and experience. Danny is one of the most distinguished investors on Wall Street and will provide useful insights into our M&A and capital strategies. Tim, with his extensive background in international markets, will provide unique insight as we grow our footprint outside of the U.S. We look forward to leveraging both Danny and Tim as board advisors as we continue our record-breaking expansion,” said Nick Kovacevich, Chief Executive Officer of KushCo.
The Advisory Board launched in November 2018 with the appointments of Matthew Morgan, an entrepreneur and business consultant with leadership experience in the cannabis and other CPG industries, Eric Smith, an industry veteran in the liquefied petroleum gas industry, and Ali Jahangiri, a digital publishing pioneer who has established and led several businesses across multiple verticals.
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About KushCo Holdings, Inc.
KushCo Holdings, Inc. (OTCQB: KSHB) is the parent company to a strategically integrated group of business units that are transformative leaders across several industries. KushCo’s subsidiaries and brands provide exceptional customer service, product quality, compliance knowledge and a local presence in serving its diverse customer base.
KushCo’s brands include Kush Supply Co., a dynamic sales platform that is the nation’s largest and most respected distributor of packaging, supplies, and accessories to the cannabis and CBD industry, Kush Energy, which provides ultra-pure hydrocarbon gases and solvents, Hybrid Creative, a premier creative design agency for clients across several industries, and Koleto Innovations, the research and development arm driving intellectual property development and acquisitions.
Founded in 2010, KushCo has now sold more than 1 billion units and regularly sells to more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. KushCo’s subsidiaries maintain facilities in the five largest U.S. cannabis markets as well as having a local sales presence in every major U.S. cannabis market.
KushCo strives to be the industry leader for responsible and compliant products and services in the legal cannabis and CBD industry. The Company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and business magazine Inc. While KushCo provides products and solutions to customers in the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any products that contain THC or CBD.
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: “potential,” “look forward,” “expect,” “believe,” “dedicated,” “building,” or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC), available at: www.sec.gov, and on the Company’s website, at: www.kushco.com.
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