Leading California edibles manufacturer Plus Products (CSE:
PLUS) recently announced that it has successfully completed the acquisition of
all the assets of GOOD CO-OP, INC. Per the terms of the agreement between the
California-based cannabis-infused baked goods brand, its securityholders’ agent
and the company, PLUS issued 357,464 subordinate voting shares to the
shareholders and holders of simple agreements for future equity of GOOD at a
valuation of approximately CAD$2,030,000. Of the subordinate voting shares
issued, 323,451 subordinate voting shares are subject to an earn-out as
previously disclosed. “At PLUS we believe in executing quickly and are pleased
we were able to close the agreement promptly after announcing the planned
acquisition,” Plus Products CEO Jake Heimark stated in the news release. “I
would like to thank the PLUS team that worked diligently on the deal as well as
the GOOD team, who we are excited to have on board.”
To view the full press release, visit http://ibn.fm/p5bdS
About PLUS
Plus Products Inc. is a leading branded products
manufacturer based in California. Its products consist of cannabis-infused
edibles, which it sells to both the regulated medicinal and adult-use
recreational markets. PLUS™ is currently one of the fastest-growing edible
brands in California with several top-selling products The company’s mission is
to make cannabis safe and approachable – that starts with manufacturing
high-quality products delivering consistent experiences. For more information,
visit the company’s website at www.PlusProducts.com.
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