Marijuana packaging firm KushCo: Higher Q2 2019 revenue, but increased losses

Don’t miss the opportunity to connect with 30,000 cannabis business leaders and entrepreneurs at MJBizCon 2023! Dare to join us? Buy your ticket today.

KushCo Holdings, a California-based cannabis packaging group, reported revenue of $35.2 million for its fiscal second quarter ended Feb. 28, 2019.

This compares with $10.4 million net revenue for the same period in fiscal 2018.

Net loss for the quarter was $8.9 million, up from a $7.6 million loss in the same period in 2018.

CEO Nick Kovacevich said on a conference call that tariff costs were a major drag on financials.

KushCo, which earlier this week said it has to restate some of its financials from fiscal 2018 and 2017, trades on the OTC exchanges under the ticker symbol KSHB.

Get access to more in-depth market analysis, premium features on cannabis investing trends and monthly executive webcasts with an Investor Intelligence subscription.