With the cannabis industry entering a new era of visibility in both U.S. and Canadian operations, companies such as KushCo Holdings Inc (OTCQX: KSHB) are looking to take advantage of networking through major conferences.
Chief Revenue Officer Jason Vegotsky from the business-to-business cannabis company will appear in Toronto this coming Friday, September 6 to discuss best practices for post-merger integration.
That speaking engagement will take place at the MJBizCon International Conference, and comes in the wake of a steady string of acquisitions and mergers across the industry in recent months.
As cannabis businesses seek to find profitability in a legalized environment, the sector has recently seen major shifts such as Green Growth Brands Inc. (CSE: GGB; OTCQB: GGBXF) merging with MXY Holdings.
Straight out acquisitions have also dominated headlines, such as the international purchase deal heard round the world when Canopy Growth (TSX: WEED; NYSE: CGC) announced plans to buy out Acreage Holdings (CSE: ACRG.U; OTCQX: ACRGF) after cannabis is legalized federally in the United States.
Discussing the need for KushCo to appear at the Canadian conference and offer guidance for navigating potential mergers, the company issued this statement today:
MJBizCon International brings together more than 2,500 global cannabis executives for a series of presentation and networking opportunities, including 8 unique tracks spanning hemp and CBD, science and research, international business considerations and capital raising, among others. More than 70 speakers and 150 exhibitors will be in attendance.
Some of those other attendees will include Acreage Chief Executive Officer Kevin Murphy and new Canopy Growth CEO Mark Zekulin speaking about the combination of hemp and cannabis business in North America.
In addition to lining up conference speaking gigs to raise the company’s profile on the international stage, KushCo recently closed on a $50 million credit facility to keep operations going and kick start new acquisitions.
In other company news, KushCo is seeking to join a growing list of North American companies moving up to higher tier exchanges and applied to list shares on Nasdaq earlier this summer.
KushCo’s stock is currently trading at a price of $3.71 on the OTCQX as of Wednesday afternoon, marking a steady summer decline from a high point of $5.15 back in mid-July.