Market will be watching cannabis firms including Kush Bottles Inc (OTCMKTS:KSHB) closely as the dust settles from the much-hyped elections. With many U.S. states including Nevada, California, Massachusetts and Maine, approving recreational marijuana reform with additional states approving forms of medical pot access, this industry is all set to increase in coming period. Once again, the market adjust opinion on the comprehensive cannabis market to be even more upbeat than the most recent update.
As noted in recent period, there have already been some noteworthy movements in share prices. In fact, this volatility was seen over the months prior to the election. Considering the growth valuations and speculative nature already given to many marijuana shares, recent surge in some marijuana share prices are showing the expansion potentials and newly adjusted growth of the industry.
Last month, Kush Bottles reported that the announcement made in September on the deal with Acology Inc. (OTC PINK: ACOL) sent shockwaves in the cannabis packaging market. That update also resulted in stock gains for both firms as the market saw November election approaching closer. California ratify Proposition 64, allowing cannabis for recreational purpose and sending orders for submissive packaging soaring.
Nicholas Kovacevich, the Co-Founder and CEO of Kush Bottles, stated that “The MedTainer™” is an interesting addition to their expanding portfolio of customizable products. These offerings have been shown to develop a steady source of recurring revenue, as clients characteristically reorder customized products. It was particularly appealing to the company as clients can utilize it as a promotional giveaway or accessory offer to help establish their brand. The customers can utilize this product as a packaging solution or continue to buy other types of branded packaging, like labels and barrier bags, while ordering MedTainers as a promotional product.
Acology’s signature offering, the MedTainer™, has been showing growth with sales surpassing expectations for fiscal 2016.