Garden Grove, California — November 8, 2018 — /D.M.O. Newswire/ — KushCo Holdings, Inc. (OTC:KSHB) (“KushCo” or the “Company”), the parent company of innovative industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Packaging Solutions, which provide a range of services and products for a variety of industries including the regulated cannabis and CBD industries, today announced it has selected Manhattan Associates as its new Warehouse Management System provider and has selected GoLeanSixSigma.com as the consultant team to support implementing the improved processes alongside KushCo’s operations teams.
This investment further solidifies KushCo’s goal of having operational excellence and a world-class supply chain. By implementing this new system, KushCo will be able to scale and expedite its rapid growth in an effective and reliable manner. Manhattan Associates is a technology leader in supply chain and omnichannel commerce that sets the standard for supply chain innovation by uniting information across the enterprise, converging front-end sales with back-end supply chain execution. For several years Manhattan Associates has been the leader in the Gartner Quadrant when comparing Tier 1 and Tier 2 WMS companies and system solutions available in the industry. Clients include GE, Adidas, and Macy’s, among others.
Additionally, KushCo has partnered with GoLeanSixSigma.com, a top consulting company, to strengthen the implementation of operational processes. With GoLeanSixSigma.com, KushCo will have access to a customized blend of collaboration, hands-on rapid execution, and internal capability building to further achieve operational excellence.
The consulting team with GoLeanSixSigma.com brings a great depth of experience and knowledge of process improvements techniques applied in various industries, doing so for clients such as Amazon, Hilton, Oracle, and Wells Fargo. The team dedicated to Kush will be composed of two Lean Six Sigma Master Black Belt consultants:
- Riaan du Plooy is a Lean Six Sigma Master Black Belt and Consultant with over 17 years of experience in leading, teaching, coaching and facilitating the successful application of Lean Six Sigma tools and concepts; and
- Clare DiFrisco is highly skilled in developing and applying continuous improvement methods to large, complex, multi-location organizations and has a proven record of reducing costs, driving value, creating operational efficiencies and achieving strategic goals.
Rodrigo de Oliveira, Vice President of Operations, commented, “Manhattan implementation will allow KushCo to increase warehouse productivity, space utilization, inventory accuracy and compliance of internal processes. It will also provide the Company with the ability to quickly adapt to planned and unexpected demand changes. With GoLeanSixSigma, our goal is to solidify a strong process foundation, with a focus on sustainable and robust internal capabilities, by integrating daily business processes to quickly assess the current scenario, tap into the knowledge of the internal team to do the actual work of creating new, stronger, scalable and sustainable processes.”
Furthermore, the Company has engaged BDO’s Risk Advisory Services to assist it in achieving Sarbanes-Oxley Section 404 (SOX 404) compliance. Achieving SOX compliance is the responsibility of KushCo management, and can improve processes, reduce the risk of fraud, and maximize the utilization of business resources. Manual processes, outdated processes, and unnecessary review procedures can all be identified and assessed during the risk assessment and control design phases of a project, resulting in increased efficiency and effectiveness throughout many aspects of the business.
“KushCo is growing at a rapid rate. In order for us to continue providing best-in-class service to our clients at a larger scale, we are adding a Warehouse Management System and engaging the service of a world-class consulting firm to ensure we are managing our growth,” states Nick Kovacevich, CEO of KushCo. “By initiating this effort now, we intend to be compliant by the end of our 2020 fiscal year, one year ahead of the required completion of 2021.”
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About KushCo Holdings, Inc.
KushCo Holdings, Inc. (OTCQB: KSHB) is the parent company to a diverse group of business units that are transformative leaders across several industries. KushCo Holdings’ subsidiaries and brands provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving its diverse customer base.
KushCo Holdings’ 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 Packaging Solutions, the research and development arm driving intellectual property development and acquisitions.
Founded in 2010, KushCo Holdings 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 Holdings 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 Holdings 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 Holdings 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.
For more information, visit www.kushco.com or call (888)-920-5874.
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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