Cannabis Watch: Cannabis packager KushCo sales triple as losses deepen

Cannabis packaging company KushCo Holdings Inc. reported widening fiscal second-quarter losses and revenue that more than tripled.

The Garden Grove, Calif.-based company logged fiscal second-quarter net losses of $8.9 million, which amounts to 10 cents a share, compared with losses of $7.6 million, or 12 cents a share, in the year-ago quarter. Revenue more than tripled to $35.2 million from $10.4 million in the year-ago period.

The four analysts polled by FactSet that cover KushCo KSHB, +3.36% had expected revenue of $25.5 million. There were not enough analysts polled by FactSet to form a reliable consensus for earnings per share.

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