Impressive Numbers: Shorts not going to be HappyNamastes number one business is the sale of Vapes. That's what this company was founded to do.On Thursday ,Kushco reported increases in
just California of
273 % in vape sales.
Demand for vape products
KushCo continues to enjoy strong demand for its vape hardware and accessories. Vape product sales soared to $24.2 million in the second quarter, a 383% year-over-year jump and a 58% increase from the first quarter. Kovacevich said that the strongest vape products demand came from California.
While the company is certainly pleased that its vape products sales continue to grow rapidly, there was one slightly negative aspect of the product line's strength. Kovacevich noted that KushCo's goal is to have vape products represent less than 50% of total revenue. In the second quarter, vape products generated 69% of total revenue.
Namaste is worldwide and also the biggest in vape sales. Going to assume that since Oct 17 2018, Namaste also had a significant rise in sale of Vape products. Need we say more?
Financials out soon;
Here's the link:https://www.fool.com/investing/2019/04/12/3-keys-to-kushcos-colossal-q2-revenue-growth.aspx