Kush Bottles (OTCQB: KSHB) recently announced that it has entered into definitive agreements with investors for the purchase and sale of 7,500,000 shares of common stock, par value $0.001 per share, and warrants to purchase up to 3,750,000 shares of common stock at a combined offering price of $4.80 per share, pursuant to a registered direct offering. The warrants, which will be immediately exercisable, will have an exercise price of $5.28 per share and will expire five years from the date of issuance. Prior to deducting placement agent fees and other estimated offering expenses, the gross proceeds of the offering are expected to be approximately $36,000,000. Kush Bottles intends to use the net proceeds of the offering toward general corporate purposes, such as working capital, product development, acquisitions, capital expenditures and other business opportunities.
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About Kush Bottles
Kush Bottles, Inc. is a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry including cannabidiol (“CBD”) manufacturers. Founded in 2010 as a packaging and supplies company for dispensaries and growers, Kush Bottles has sold more than 1 billion units and now regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market. Kush Bottles aims to be the gold standard for responsible and compliant products and services in the cannabis industry. Kush Bottles has no direct involvement with the cannabis plant or any products that contain tetrahydrocannabinol (commonly referred to as THC) or CBD. The company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, BusinessManagement.News, and Inc. For more information, visit the company’s website at www.kushbottles.com.
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