Benchmark analyst Mike Hickey initiated coverage of KushCo, which markets and sells packaging products, vaporizers, solvents and accessories in the legal medical and adult-use cannabis markets, with a Buy rating and $7 price target. He calls the stock a “pick and shovel” play on the cannabis market, for which he anticipates significant growth. He projects an up listing of the stock to a senior exchange over the medium-term, Hickey tells investors.