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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 11:44 EDT
KushCo Holdings (KSHB) plans to leverage the Xtraction Services infrastructure, through its just acquired 19.9% stake, with its cannabis and CBD network to provide operators with a full portfolio of equipment leasing solutions to augment their operations, Roth Capital analyst Scott Fortune tells investors in a research note. He believes KushCo continues to add new initiatives into its large network to drive revenue growth and bring on new higher margin services. The equipment financing sector will bring an additional higher margin business to the company's portfolio and "materially complement" its existing network and ecosystem of service solutions, says Fortune. The analyst keeps a Buy rating on KushCo Holdings with a $4.50 price target.
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