KushCo Holdings, Inc. (OTCPK:KSHB) is looking for acquisitions. On February 22, 2021, the company announced it has entered into definitive agreements with investors for the purchase and sale of (i) 24,242,424 shares of common stock, par value $0.001 per share and (ii) warrants to purchase up to 9,696,969 shares of common stock at a combined offering price of $1.65 per share, pursuant to a registered direct offering. The warrants will have an exercise price of $2.00 per share, will be immediately exercisable and will expire five years from the date of issuance. The gross proceeds of the offering will be approximately $40.0 million before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds to pay down its debt and for general corporate purposes, including, among other things, working capital, product development, acquisitions, capital expenditures, and other business opportunities.