Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) on Wednesday
released the company’s audited financials for the quarter ended and calendar
year ended December 31, 2018. According to the update, revenue growth, reported
in USD, was reflected in annual revenues that soared to $8.4 million in 2018,
reflecting a 681 percent increase over 2017 revenues of $1.1 million. Fourth
quarter revenues for 2018 reached a record $3.1 million, a 31 percent increase
over the third quarter and 770 percent increase over the fourth quarter of
2017. “We remain proud that PLUS had significant growth in both revenue and
market share in a year where the greater legal California cannabis market
shrank and underperformed expectations due to unclear regulations and an
increase in underground market sales,” PLUS Co-Founder and CEO Jake Heimark
said in the news release. “We look forward to greater regulation and increased
enforcement in 2019 that will allow the legal industry to continue to prosper
and help us continue on our mission of making cannabis safe and approachable
for everyone.”
To view the full press release, visit http://ibn.fm/85E54
About Plus Products Inc.
PLUS Products creates safe and delicious cannabis food
products. PLUS’s mission is to make cannabis safe and approachable – that
starts with high-quality products that deliver consistent experiences. PLUS
gummy and mint products are manufactured at PLUS’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.
NOTE TO INVESTORS: The latest news and updates
relating to PLPRF are available in the company’s newsroom at http://ibn.fm/PLPRF
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