Kush Bottles Inc (OTCMKTS:KSHB) Is An Impressive Growth Play

Kush Bottles Inc (OTCMKTS:KSHB) has proven that its success is no fluke. Since 2013, its management has maintained its commitment to expansion and this has resulted in consistently improving results. In this, we discuss its latest results and recent leadership changes announced by the firm.Here is the stock’s price movement below: KSHB Daily ChartCompany ProfileKush Bottles Inc. was created in December 2010 by John Kovacevich, Nicholas Kovacevich, Dallas Imbimbo and Jeffery Meng in December 2010. The company focuses on the marketing and sale of packaging products and solutions to consumers operating in the regulated medical and recreational cannabis industries. Its packaging products include bottles, bags, tubes, and containers. It is headquartered in Santa Ana, California. For more information, you can go through our post here.Leadership ChangesVery recently, the firm revealed that Ben Wu, who had served in the position of Chief Operating Officer as far back as 2014, would be stepping down. The process is to be gradual as he would continue to support the Company as an independent consultant for at least six months concentrating mostly on already ongoing projects. Mr. Jim McCormick is to be appointed as interim Chief Operating officer while still working in his position as Chief Financial Officer.Just a few months earlier, the firm had announced its appointment of Barbara Goodstein to the Board of Directors.Ms. Goodstein currently serves as the CEO of TIGER 21, LLC. Where she helps leadership roles in various companies such as Bankers Trust, Instinet.com, Vonage, and American Express. She has proven experience in developing and building company brands and very successful teams while leading award-winning marketing campaigns and websites. She also possesses a strong track record in the assessment of competitive business landscapes to ensure company growth. She is a frequent guest on Fox Business as a formidable expert in highly valuable investments.CEO Nick Kovacevich announced his delight in welcoming Barbara Goldstein, who is recognized as a successful business leader and a well-known marketing executive, to the board. He added that the firm had always highlighted the need for each of its board members to provide significant value to the company and she would without a doubt do soAs Chief Executive Officer of Tiger 21, a countrywide grid for highly valuable investors, she earned a first-class reputation and her experience in investments and investment improves the firm’s standing as a major participant in the cannabis industry.She was ranked among the Top 25 Finance Women by US Banker, for consecutive years, participates in Fortune's Summits for the Most Powerful Women, is a member of Fortune's Global Mentor Program and the Women's Forum. Ms. Goodstein has also won Advertising Women New York's awards for Innovation and Impact.Ms. Goodstein mentioned that the gradual removal of the cannabis industry from the black market signifies a potential evolution and presents a distinctive and sensational opportunity for timely participants to be a part of its growth. She added that there is a giant chance for new brands to be developed in the industry and packaging would play a major role in the marketing of these new brands. She promised to employ her expertise to support the company in building a greater brand and driving up sales to enable the firm take advantage of the opportunities in the market and achieve its major growth objectives.While serving as Chief Marketing Officer for AXA Equitable, she renovated marketing into becoming core business driver. Powering company infrastructure with advanced digital efficiency, her success quickly won her multiple Web Awards for Best Insurance Website and the ECHO Leader Award. She also served as senior vice president of JPMorgan Chase & Co’s Personal Financial Services, department, where she developed for platforms for delivering banking and brokerage services to high- value clients.She also serves as a board member of Manning & Napier, a $50B+ AUM NYSE investment management firm; a board director for God's Love We Deliver, a not-for-profit delivering over one million meals to NYC's homebound annually.Ms. Goodstein has a Master’s degree in Business Administration from Columbia University and a Bachelor of Arts degree from Brown University.Financial PerformanceThe firm successfully grew its revenues by 128% from the previous year, recording total sales of $18.8 million. Although the cost of sales grew by a corresponding 132%, it the firm recorded operating income of $5.9 million and pretax income of $0.3 million. The results show that the company is continuing its impressive run of improving results since 2014.ConclusionConsistently improving results show that the company is not just on a run but possesses genuine potential.We will be updating our subscribers as soon as we know more. For the latest updates on KHSB, sign up below!Disclosure: We have no position in KSHB and have not been compensated for this article.