KushCo's Quarterly Revenue Jumps 240%

Joseph Woelfel - finance.yahoo.com Posted 5 years ago

The cannabis packaging company reported a loss of $8.9 million, or 10 cents a share, compared with a year-earlier loss of $7.6 million, or 12 cents. "This strong performance was attributable to our growing customer base and increased sales across our key markets as we successfully leveraged our diverse business units to cross sell product classes and gain market share," said CEO Nick Kovacevich in a statement. KushCo also raised its full-year revenue guidance to $140 million to $150 million from previous guidance of $110 million to $120 million.

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