In mid-March, KushCo Holdings Inc. (OTCMKTS:KSHB) has announced its intention to follow through on a promise to launch a sustainability initiative in packaging solutions. Notably, the company signed a pact with IEKO Corporation to facilitate the availing of the products. The two companies would work together to formulate and produce specially designed biodegradable products for the CBD industry.
To ascertain the quality and standard of the products, the statement further detailed that the products would be subjected to BPI and ASTM standards. Notably, IEKO would fulfil the research and development part of the deal while KushCo would provide funding.
Commenting on the developments, Nick Kovacevich, CEO of KushCo said that the reimagining of cannabis packaging solutions is necessary for the planet’s future. Also, he expressed his confidence in the ability for IEKO to deliver the products.
In a recent news release, KushCo said that the products are ready for the market. To bolster the supply of the biodegradable products, the company will work with SunGrown Packaging which will provide additional supplies. Notably, KushCo already has a ready market for the packaging solutions stretching into 6000 businesses. Besides the distribution of the existing products, the two companies will explore different varieties of the compostable products for the industry.