KushCo Holdings (KSHB) + Smoke Cartel (SMKC) Form Strategic Partnership
Yesterday it was announced that KushCo Holdings, Inc. (OTCQB: KSHB), the parent company of innovative cannabis industry packaging leader Kush Bottles, and Smoke Cartel (OTCMKTS: SMKC), a leading online retailer of glass water pipes and other smoking accessories related to the cannabis industry, have entered into a strategic partnership that benefits both parties.
As stipulated in the agreement, KushCo will transfer ownership of all Roll-uh-Bowl assets, including inventory of the medical-grade silicone water pipes, its branding materials, website and social media, in exchange for shares of Smoke Cartel valued at $1,500,000 plus the value of inventory.
“This transaction exemplifies our dedication to continuing the development of our core competencies, ensuring focus is maintained on providing leading packaging, supplies, wholesale vaporizer hardware, gas and solvents for the medical and adult-use cannabis industry,” said CEO Nick Kovacevich. “This is a win for both companies.”
Smoke Cartel CEO Darby Cox said the company is excited to take on the well-established Roll-Uh-Bowl brand.
“We believe we can take the product line to the next level with our strong background in e-commerce and our numerous retail and wholesale channels,” said Cox. “Smoke Cartel has a history of successful brand integrations and we are pleased to add Roll-uh-Bowl to this list as we continue to grow our operations and strive to be the preeminent leader in smoking accessories.”