KushCo Holdings, Inc (KSHB) Is Already Passing Tarriff Costs To Customers Successfully - Canaccord

Canaccord Genuity analyst Bobby Burleson reiterated a Buy rating and $7.50 price target on KushCo Holdings, Inc (OTC: KSHB) after meeting with management and discussing the impact of Chinese tarriffs. The company customers has begun to pass along higher vape hardware and packaging costs and demand continues unabated.

The analyst stated "vape hardware demand continues unabated, evidenced by recent POS data from BDS Analytics showing vape’s increasing share of retail sales in rec markets, somewhat to the detriment of flower sales. As such, we believe KSHB’s revenue mix from vape hardware is likely to remain elevated.evidenced by recent POS data from BDS Analytics showing vape’s increasing share of retail sales in rec markets, somewhat to the detriment of flower sales".

For an analyst ratings summary and ratings history on KushCo Holdings, Inc click here. For more ratings news on KushCo Holdings, Inc click here.

Shares of KushCo Holdings, Inc closed at $4.87 yesterday.

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