After serving as the company’s interim Chief Operating Officer since February, today KushCo Holdings, Inc. (OTCQX: KSHB) announced that Rodrigo De Oliveira has been officially appointed to the role on a full-time basis.
De Oliveira, a Six Sigma black belt with nearly two decades of experience revolving around supply chain operations on a global scale, originally joined the KushCo team back in April of last year. Discussing the shift from interim to permanent COO, KushCo’s Chief Executive Officer Nick Kovacevich commented:
Aside from De Oliveira’s title shift, KushCo today revealed two other additions to the senior leadership team.
The position of Vice President of Operations is now filled by Fabian Chavez, while Calvin Coy moves into the office of Vice President of Strategic Procurement.
Chavez comes to the VP of Operations position after having previously worked for Gateway Computers, Nike, and UPS, bringing experience in strategic planning of operations with a goal to improve the company’s processes for gains in performance and profitability.
On the Strategic Procurement side, the company’s new VP brings experience working with Oakley, Under Armour, and Stance. In his new role, Coy’s responsibilities will include improving the company’s supply chain to aid in product customization.
These new members of the KushCo upper management team arrive just two weeks after the company upgraded from trading on the OTCQB Venture Market to the more prestigious OTCQX Market. The move comes after previously trading on the OTCQB for two years and was brought about by a sponsorship from Northland Securities, Inc.
In other company news, KushCo recently went through a round of fundraising, securing a $21 million private placement back in April that was brokered through Canaccord Genuity LLC.
That same month, the company also struck a deal with SunGrown Packaging, LLC to offer child-resistant cannabis packaging that is also biodegradable as the industry battles complaints of excessive packaging in both the U.S. and Canada.