Kush Bottles Inc (OTCMKTS:KSHB) stock has been advancing nicely on the strength of the company’s positioning as a premier packaging supplier, offering certified child-resistant and custom-branded solutions in all states that permit medical or recreational cannabis use. KSHB stock has been one of the top performers in the cannabis-related space. In addition, the company just reported record revenues over $8M in fiscal year 2016 (ended August 31), representing year-over-year growth of 105%, so that performance is well earned.
In all, we’ve witnessed about 110% in gains since early September. Shares of KSHB stock have a history of dramatic rallies. Moreover, the listing has registered increased average transaction volume recently, with the past month seeing approaching 320% above the average volume levels in play in this stock over the longer term. This is particularly important with a float in play that’s limited — barely over 14M shares. Traders should not overlook this combination, as a mechanically driven price squeeze can result from this type of mix of small float and ramping attention from traders.
