GARDEN GROVE, Calif., Oct. 04, 2018 (GLOBE NEWSWIRE) -- PRESS RELEASE -- KushCo Holdings, Inc., the parent company of Kush Supply Co., Kush Energy, The Hybrid Creative and Koleto Packaging Solutions, which provide a range of services and products for the regulated cannabis, CBD and other related industries, has announced it has signed an exclusive sales and innovation agreement with ExtractionTek Sales, LLC, dba. ExtractionTek Solutions (ETS), a provider of closed loop hydrocarbon extraction equipment, based in Colorado. The reciprocal agreement is designed to drive additional client expansion for both companies through their complementary operations.
KushCo’s Kush Energy division supplies the cannabis industry with tested, ultra-high purity solvents and hydrocarbons, which are essential in the extraction process for the production of products including oils, edibles and waxes. An outcome of partnering together and cross-training, will be the development for new innovative solutions and offerings to the market, further facilitating how customers are able to scale and grow as a result of working with Kush Energy.
Under the terms of the agreement, Kush Energy will refer any of these customers that may also need extraction equipment to ETS. In turn, ETS will also refer its hydrocarbon equipment customers that have a need for solvents and hydrocarbons to KushCo’s Kush Energy division. To optimize the partnership, Kush Energy and ETS will also train each other’s teams about trends, best practices, safety and operational standards. The mutually beneficial agreement is for an initial two-year period, with an option to renew thereafter.
“Our agreement with ETS will allow us to capitalize on the growing demand for closed loop hydrocarbon extraction by businesses that ultimately need solvents and hydrocarbon gases, generating additional opportunities for our aggressive customer expansion,” said Jason Vegotsky, the president of Kush Supply Co. “ETS provides innovative solutions for quality-manufactured, efficient and safe extraction equipment and maintains strong customer relationships in many of the same key domestic markets that we currently operate within, further enhancing the opportunity to cross-sell our customer base.”
“ExtractionTek clearly recognizes the value of the Kush Energy offering and looks forward to introducing these services to our legacy and new clientele,” said Sean Winfield, chief marketing officer of ETS. “The need for ultra-high purity solvents available to operators at a site level has grown substantially throughout the cannabis industry in recent years. Working with Kush Energy to help remove supply-side barriers related to solvent delivery offers ETS the opportunity to improve our legacy client’s operations, while continuing to expand our client base through this strategic partnership.”
