KSHB stock is moving higher by 1% after cannabis supplier KushCo Holdings Inc. (OTCQB:KSHB) reported impressive third fiscal quarter financial results. A 221% increase in revenues is a development that underscores underlying growth, likely to strengthen investor sentiments in the stock.
KushCo Q3: Revenue Growth and Margin ExpansionRevenue for the third fiscal quarter clocked record highs of $41.5 million compared to $12.9 million reported a year ago. Revenues for the first nine months of fiscal 2019 are up by 217% to $101.9 million. KushCo expects full-year revenues to range between $145 million and $150 million. ...
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