Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading
cannabis branded products company in the U.S., this morning announced that it
has qualified to trade on the OTCQX Best Market and will begin trading today,
June 6, 2019, under the symbol “PLPRF.” The company’s shares will continue to
trade under the symbol “PLUS” on the Canadian Securities Exchange. “Plus
Products joins more than 175 companies that cross-trade their shares in Canada
and in the U.S. on the OTCQX Market,” said Jason Paltrowitz, EVP of Corporate
Services at OTC Markets Group. “Upgrading to OTCQX from the OTCQB Venture
Market enables companies to build visibility and liquidity by providing a
transparent trading market for their shareholders. Congratulations to Plus
Products on achieving this important milestone.”
In addition, Plus Products today announced that it has
acquired an option to purchase California-based cannabis oil manufacturer
Emerald Bay Wellness LLC. According to the update, the option grants PLUS the
irrevocable right, but not the obligation, to purchase all business assets of
Emerald Bay Extracts for cash and stock consideration. “Acquiring Emerald Bay
would give PLUS the opportunity to directly interact with the cannabis plant as
we work to unlock the many benefits it is capable of delivering,” PLUS
Co-Founder and CEO Jake Heimark said in the news release. “We targeted this
acquisition because it allows us to reap the benefits of vertical integration
while maintaining a focus on product manufacturing. Beyond the benefits of
internalization, we believe that the team at Emerald Bay, possess the
professionalism and know-how to rapidly scale their wholesale oil business
under our umbrella of resources. Ultimately, this is a rare opportunity to
improve quality control, cut costs, and grow revenues all at the same time.”
About Plus Products Inc.
Plus Products Inc. creates safe low dose and delicious
cannabis food products that enhance the everyday. PLUS’s mission is to make
cannabis safe and approachable use nature to bring balance to people’s lives –
that starts with high-quality, precisely dosed products that deliver consistent
experiences. The gummies PLUS’s food produces, which include gummies and mints
in a variety of delectable flavors, are manufactured at the company’s 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 80
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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