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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board  >  KushCo Holdings Inc    KSHB

KUSHCO HOLDINGS INC

(KSHB)
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KUSHCO HOLDINGS, INC. : Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits (form 8-K)

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02/11/2019 | 05:19pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.



The disclosure set forth below under Item 8.01 is hereby incorporated by reference into this Item 5.02.


Item 8.01. Other Events.



On February 11, 2019, KushCo Holdings, Inc. (the "Company") issued a press release announcing changes to its executive leadership team. Effective March 1, 2019, Jim McCormick will step down from his role as Chief Operating Officer ("COO") of the Company to pursue other opportunities. Rodrigo de Oliveira will be promoted from his current role as Vice President of Operations of Kush Supply Co., a subsidiary of the Company, to serve as Interim COO of the Company. Jason Vegotsky, currently President of Kush Supply Co., will be promoted to Chief Revenue Officer of the Company, and Carmen Lam, currently Regional Sales Director of Kush Supply Co., will be promoted to Senior Vice President of Kush Supply Co.

The press release issued by the Company to announce the foregoing leadership changes is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

The information in this Item 8.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the United States Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the United States Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.




Exhibit
Number     Title
  99.1       Press Release of KushCo Holdings, Inc. dated February 11, 2019.

© Edgar Online, source Glimpses

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Financials ($)
Sales 2019 148 M
EBIT 2019 -34,3 M
Net income 2019 -37,0 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 109,90
Capi. / Sales 2019 3,26x
Capi. / Sales 2020 1,99x
Capitalization 484 M
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Mean consensus BUY
Number of Analysts 4
Average target price 8,44 $
Spread / Average Target 54%
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Managers
NameTitle
Nicholas Kovacevich Chairman, Chief Executive Officer & Secretary
Jim McCormick Chief Operating Officer
Christopher Tedford CFO & Principal Accounting Officer
Dallas Imbimbo Director
Eric Baum Independent Director
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