Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis
branded products company in the U.S., on Thursday released its unaudited
financial and operational results for the three months ended March 31, 2020,
expressed in U.S. dollars. Among other highlights, the company reported an
increase in net revenues to $4.7 million in Q1 2020, representing a 46%
year-over-year growth as compared to Q1 2019, as well as a 36%
quarter-over-quarter growth as compared to Q4 2019. “The start of this year
came with a number of difficult decisions that were made in order to accelerate
our path to cash flow generation,” Jake Heimark, co-founder and CEO of Plus
Products, stated in the news release. “The changes we made helped to cut our
cash consumption to less than a fifth of what it was last quarter and,
critically, doing so did not undermine our core business which grew more than
35% quarter-over-quarter.”
To view the full press release, visit http://ibn.fm/RHKk4
About Plus Products
PLUS is a cannabis and hemp food company focused on using
nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis
safe and approachable, beginning with high-quality products that deliver
consistent consumer experiences. PLUS is headquartered in San Mateo,
California. 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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