INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of KushCo Holdings, Inc. Investors (KSHB)

BENSALEM, Pa.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24KSHB&src=ctag” target=”_blank”gt;$KSHBlt;/agt; lt;a href=”https://twitter.com/hashtag/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors who purchased KushCo Holdings, Inc.
(“KushCo” or the “Company”) (OTC: KSHB)
securities between July 13, 2017 and April 9, 2019, inclusive
(the “Class Period”). KushCo investors have until July 1, 2019 to
file a lead plaintiff motion.

Investors suffering losses on their KushCo investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On April 9, 2019, KushCo issued a press release that announced the
Company’s decision to restate prior period financial statements for
fiscal years 2017 and 2018 for non-cash items related to acquisitions of
CMP Wellness, Summit Innovations and Hybrid Creative.

On this news, shares of KushCo fell $0.45, or nearly 8% to close at
$5.35 on April 10. 2019, thereby injuring investors.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) KushCo made material
accounting errors in connection with its acquisitions of CMP Wellness,
Summit, and Hybrid; (2) as a result, KushCo’s previously issued
financial statements as of and for the fiscal years ended August 31,
2018 and August 31, 2017, included in the Company’s Annual Reports on
Form 10-K for such periods, and financial statements as of and for the
quarterly periods ended May 31, 2017, November 30, 2017, February 28,
2018, May 31, 2018 and November 30, 2018, included in the Company’s
Quarterly Reports on Form 10-Q for such periods, could not be relied
upon; (3) KushCo’s net loss for the fiscal year ended August 31, 2018,
was more than twice as high than previously reported; (4) KushCo and its
management’s assurances that its financial statements for those fiscal
years and periods were accurate and fairly reported could not be relied
upon; and (5) as a result, the Company’s public statements were
materially false and misleading at all relevant times.

If you purchased shares of KushCo, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com