Cannabis firm KushCo raises $34 million to fund working capital, new technology

Article was originally posted here

California-based KushCo Holdings, a diversified marijuana company specializing in packaging and other products and services, closed on a $34 million stock funding that comes on the heels of a similar direct offering last June.

KushCo plans to use the latest funding much as it did its $36 million June raise – to fund working capital, growth needs and technology investments, according to a news release.

The latest offering involves roughly 6.5 million shares of common stock and warrants to buy about 3.2 million shares

This post is from Marijuana Business Daily. We encourage our readers to continue reading the full article from the original source here.