KSHB Stock Up After KushCo Adds Industry Leaders to Advisory Board

KSHB stock

Today, KSHB stock trades green. Why? KushCo Holdings (OTCQB:KSHB) announced the addition of two new individuals to its advisory board. One of the additions is a well-known Wall Street investor.

KushCo's advisory board got its start in November 2018. Among the original members appointed was Matthew Morgan, who has extensive experience in the cannabis sector. What will the new industry leaders bring to KushCo?

KSHB Stock Today

According to Yahoo Finance, as of 2:49 PM EST, KSHB stock is trading at $5.85, which puts the cannabis stock up 0.64%. While not a significant jump for KSHB stock, it indicates the market agrees with the two new members of the KushCo Advisory Board. 

According to the California-based company, which is also the parent company of Kush Supply Co and The Hybrid Creative, two prominent cannabis leaders, Danny Moses and Tim Seymour are the new members of its team. Mr. Moses, a private Wall Street investor, will be able to bring insights into the company's M&A. He will also bring forth capital strategies. Mr. Seymour has more than 20 years of investment experience; he is best known for co-hosting the Fast Money segment on CNBC. He will help KushCo Holdings as it expands its international footprint. 

Company Thoughts

Everyone at KushCo Holdings appears optimistic; this may have played a role in KSHB stock moving into the green zone today. As stated by the CEO of KushCo Nick Kovacevich, "both Danny and Tim are invaluable resources to the KushCo Advisory Board." Kovacevich added: "We look forward to leveraging both Danny and Tim as board advisors as we continue our record-breaking expansion.”

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Takeaway

What do you think about KushCo Holdings appointing Danny Moses and Tim Seymour to its Advisory Board? Considering the level of respect both men have—Moses was a trader at the firm portrayed in the movie 'The Big Short'—did you expect the KSHB stock to move higher than it did? Let us know what you think in the comments below.

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