Cannabis packaging and supply firm Kush Bottles (OTC: KSHB) is on the prowl for new business opportunities after closing a registered direct offering worth $36 million.
The direct offering included 7.5 million shares of common stock and warrants to purchase 3.75 million shares at a combined price of $4.80, the Santa Ana, California-based firm announced.
Company officials were not immediately available for comment.
Earlier this month, the company announced the opening of a distribution facility in Las Vegas to serve cannabis companies and consumers in the state’s booming recreational and medical markets.
The company also recently announced a partnership with MainStem to distribute ancillary cannabis products – packaging, supplies and accessories – through a centralized sales platform used by BioTrackTHC customers.