Leading California edibles manufacturer Plus Products (CSE:
PLUS) (OTCQB: PLPRF) today announced its closing on the best efforts private
placement with Canaccord Genuity Corp., as lead agent, together with a
syndicate of agents, for 25,000 company units, each at a C$1,000 price, for
gross proceeds of C$25,000,000. Per the update, Gotham Green Partners and
Stable Road Capital were two of the lead investors in the private placement.
The company intends to use proceeds from the offering for working capital and
other general corporate purposes. “We are thankful for the support we have
received from our past investors, and from new investors, as we continue to
reach our goal of becoming the strongest cannabis brand in the world by
delivering on our mission to make cannabis safe and approachable,” Plus
Products CEO Jake Heimark said in the news release.
To view the full press release, visit http://ibn.fm/28SZ9
About Plus Products
Plus Products creates safe and delicious cannabis food
products. The company’s THC- and CBD-infused gummies are the top selling
edibles in California, according to BDS Analytics. Founded by a chef from a
Michelin Star restaurant, Ivy League chemist and food manufacturing experts,
PLUS’s mission is to make cannabis safe and approachable – that starts with
high-quality products that deliver consistent experiences. The gummies are
manufactured at the company’s own factory in Adelanto, CA, where dosage is
tested twice internally and then tested twice again by an independent lab. PLUS
is headquartered in San Mateo, CA with 60 employees. For more information,
visit the company’s website at www.PlusProducts.com.
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