- Plus
Products creates cannabis edibles to support healthier lifestyles
- The
company offers top products in the adult-use, medical and CBD segments
- PLUS
recently reported record revenues for Q4 2018
Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) is a
foremost cannabis-branded products manufacturer with a mission to make cannabis
safe and approachable. Based in San Mateo, California, Plus Products
manufactures edibles created to support a healthy and active lifestyle. The
company focuses on producing edibles using extracts to ensure compliant,
dosable and appetizing options that provide a consistent cannabis experience.
All of its products are manufactured in its 12,000-square-foot, food-safe cannabis
manufacturing facility in Adelanto, California.
PLUS products are exclusively available in California. The
company’s products make up some of the leading edibles brands in the state.
According to BDS Analytics, the leading independent cannabis retail-sales
analytics company, PLUS was the number one edibles brand by retail sales and
units sold in Q3 2018 and Q4 2018 (http://ibn.fm/qhtBJ). PLUS has leading products in the
adult-use, medical and CBD (cannabidiol) segments (http://ibn.fm/PJV2d).
The U.S. cannabis market is estimated to reach $75 billion
by 2030 (http://ibn.fm/8mvki).
With this meteoric market growth, PLUS is at the forefront of developing
products that appeal to sophisticated consumers. Experts in numerous fields
work together to create the company’s unique edibles. The PLUS team consists of
chefs, chemists, food-manufacturing experts, engineers, machinists,
visionaries, creatives, strategists and others.
The company’s product portfolio includes Refresh pink
lemonade-flavored gummies that are precisely dosed with 3.5mg of THC (tetrahydrocannabinol)
and 1.5mg of CBD. Its products also include Restore blackberry & lemon
gummies, precisely dosed at 4.5mg of THC and 0.5mg of CBD each, and Uplift sour
watermelon sativa low-calorie gummies. Additionally, its product line includes
CBD Relief mango flavor gummies, which are made with 4.5mg of cannabis-derived
CBD and 0.5mg of THC per piece.
Plus Products’ newest addition to its product family —
Create sour blueberry low-calorie gummies —is infused with hybrid flower and
contains 5.0mg of THC. Moreover, the gummies are gluten-free and made with
kosher ingredients. PLUS also offers a line of low-dose edible Classic Mints.
These flavored tablets (40 mints per tin) contain 2.5mg of THC and less than
0.1mg of CBD each (http://ibn.fm/N4Frl).
The company also manufactures a variety of limited-edition products (http://ibn.fm/QUQmp).
Recently, Plus Products reported its audited financials for
the quarter and calendar year ended December 31, 2018. Annual revenues
increased to $8.4 million in 2018, marking a 681 percent increase over 2017
revenues of $1.1 million. Q4 revenues were a record $3.1 million, up 31 percent
from Q3 and 770 percent over Q4 2017. The company noted that revenue growth was
driven by sales of its concentrated brand portfolio of four full-time SKUs and
one rotating seasonal (http://ibn.fm/fU4Ps).
“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
stated in a 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.”
Plus Products is using its knowledge from scaling in
California to enter new markets with proven products and brands. PLUS remains
committed to its vision of owning the branded product space with its innovative
offerings.
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 athttp://ibn.fm/PLPRF
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