SANTA ANA, Calif., May 9, 2017 /PRNewswire/ -- Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, today announced it has acquired the web domain Roll-uh-Bowl.com, an online distribution platform for retail sales of collapsible and unbreakable medical-grade silicone water pipes. Roll-uh-Bowl.com sees an average of 39,500 web users per month.
On May 3, 2017, Kush Bottles completed the acquisition of the platform, along with a small amount of inventory. The financial terms of the transaction have not been disclosed.
"The addition of Roll-uh-Bowl.com to Kush Bottles' online distribution platform was a seamless transaction that further expands our presence to online retail consumers and brings added cross-selling opportunities for our brand," commented Nicholas Kovacevich, Chief Executive Officer of Kush Bottles. "We will continue to drive shareholder value as we build market share by focusing and executing on our growth strategy and diversifying our overall product offering."
"We are thrilled to sell the Roll-uh-Bowl.com platform to Kush Bottles," said Douglas Leighton of Altar Rock Capital, a spin off of Duchess Capital. "They are the premier distributor of ancillary cannabis products and I believe they are well positioned to take advantage of the booming cannabis industry over the next 5 years." He also commented, "With purchasing patterns shifting from head shops to dispensaries and with constant price pressure being put on cannabis itself, dispensaries will need to offer ancillary products to continue the growth of their businesses. As a distributor of these products, Kush Bottles is very well positioned for the future."
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About Kush Bottles, Inc.
Kush Bottles, Inc. is a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry.
Founded in 2010 as a packaging and supplies company for dispensaries and growers, Kush Bottles has sold more than 100 million units and now regularly services more than 4,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market.
Kush Bottles aims to be the gold standard for responsible and compliant products and services in the cannabis industry. Kush Bottles has no direct involvement with cannabis plants or extracts.
For more information, visit www.kushbottles.com or call (888)-920-5874.
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent our current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: "potential," "look forward," "believe," "dedicated," "building," or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the United States Securities and Exchange Commission (SEC), available at: www.sec.gov, and on our website, at: www.kushbottles.com.
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SOURCE Kush Bottles, Inc.