An ex tobacco executive is now CFO of Kush Bottles, a leading packaging and accessory manufacturer for the cannabis industry. The legal marijuana business is expanding quickly and expectations for what the industry will become are very high. Kush Bottles has found a nice niche in the industry where they do not ever actually handle the cannabis plant which helps them avoid federal scrutiny.
Mr. McCormick will hopefully bring the burgeoning industry to the next level of professionalism with his experience and knowledge. Have you thought about what your professional experience thus far could bring to the cannabis industry?
Kush Bottles (OTCQB: KSHB), Kush Bottles, Inc. (OTCQB: KSHB), a leading provider of packaging, supplies, vaporizers, accessories, branding solutions and terpenes for the regulated cannabis industry , announced today it has appointed industry veteran, Mr. Jim McCormick, as Chief Financial Officer (“CFO”), effective August 1, 2017. Mr. Chris Martin, Kush Bottles’ previous CFO, will consult for the Company for approximately three months to ensure a smooth transition period.
Mr. McCormick has extensive CFO experience and has demonstrated financial and strategic leadership in his previous roles in the cannabis and tobacco industries. In his role as Chief Financial Officer, Jim McCormick will lead Kush Bottles’ financial operations. He will also be responsible for managing liquidity, balance sheet risk, and capital market transactions to ensure Kush Bottles remains well positioned to capitalize on growth opportunities. He will report directly to Nick Kovacevich, co-founder and CEO.
Mr. McCormick has recently served as a management consultant where he led business development initiatives in the California cannabis sector. Prior to this role, he was Chief Financial Officer at Electronic Cigarettes Group International. Previously, he was also Senior Vice President and CFO, Corporate Services Division at Sodexo. Mr. McCormick spent the majority of his career in British American Tobacco where he held multiple general management and CFO roles internationally over his sixteen year tenure with the firm.
I am pleased to welcome Jim to the Kush Bottles team. Jim is a highly successful senior leader with extensive CFO experience at both start-ups and global companies, complemented by an entrepreneurial spirit.
His deep cross-functional understanding of developing and executing financial strategies is expected to help drive sustainable revenue and earnings performance at Kush Bottles. Furthermore, his lobbying experience and network from his time working in both the cannabis and tobacco sectors will be useful assets to the Company as we navigate the complexities of the cannabis industry.
Mr. Kovacevich added, “I would also like to thank Chris for all his contributions as CFO over the past three years. He has been instrumental in building Kush Bottles into the dynamic company it is today and I wish him all the best for his future endeavors.”
Kush Bottles is key player in the emergent legal cannabis industry and I am excited to join the company at a time when it is on the cusp of achieving rapid growth. I hope that, under my strategic direction and leveraging my experience in dynamic regulated industries, the company will go on to achieve even stronger financial results.
Mr. McCormick has a Master of Business Administration (MBA) from Southern Illinois University, Edwardsville, IL and a Bsc. in Finance & Accounting from Eastern Illinois University, Charleston, IL.