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Why KushCo Holdings Stock Plunged Today

TheMotleyFool

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Shares of KushCo Holdings (OTC: KSHB) took a dive today after the struggling cannabis packaging supplier announced a secondary offering, closing down 36.5% at $1.71.

The maker of ancillary cannabis products, including vaporizer cartridges, batteries, and child-resistant bags, said that it had priced a $30.1 million registered direct offering.

Image source: Getty Images.

Source Fool.com

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