KushCo Holdings Inc. (OTCQB:KSHB) is leading the top cannabis penny stocks for most growth today. Most cannabis stocks are trading red today, but the recent announcement by the US cannabis company seems to have pushed its stock up. Today, we’ll take a closer look at KushCo’s announcement and the recent movement of KSHB stock.
KushCo Makes Leadership Changes
It seems investors are pleased with KushCo’s press release this morning, given the green KSHB stock. KushCo announced several changes to its executive leadership. All changes will be made effective on March 1st, 2019. First, KushCo’s current Chief Operating Officer (COO) will step down and will pursue other opportunities. Next, the company announced that Roderigo de Oliveira will be promoted to interim COO. Oliveira is currently the company’s VP of Operations.
Jason Vegotsky will now be promoted to Chief Revenue Officer. On March 1st, Carmen Lam will be promoted to Senior Vice President. KSHB stock seems to be holding strong today on the OTC after the press release.
Nick Kovacevich, Chief Executive Officer at KushCo, said:
“I would like to thank Jim for his strong leadership, hard work and dedication over the past couple of years. With the help of Jim’s oversight, the Company has successfully transformed into a rapidly expanding business with a diverse product offering providing solutions critical to the evolving regulated cannabis industry […] We’re excited to promote Rodrigo to the role of Interim COO. With over 18 years of professional experience in global supply chain management at Fortune 100 companies, Rodrigo brings an exceptional level of operational excellence critical for executing on the Company’s larger hyper revenue growth and margin expansion initiatives.”
KSHB Stock Movement
According to Yahoo Finance, KSHB stock is currently trading at $6.10 a share, up +$0.13 (+2.18%). The cannabis stock saw a strong surge at the beginning of 2019 but lost nearly -30% in just a few days. Despite the drop, KSHB is up 10% year-to-date.
Are you excited about KushCo’s leadership changes?
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