- PLUS
works to establish itself as strong CPG company in most valuable part of
supply chain in largest market
- From
the outset, company has chosen to be “hyperfocused” on building brand in
CPG cannabis space
- Plus Products
doing exactly what it set out to do: capture top product spots and
controlling market share
Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a hemp and
cannabis food company using nature to bring balance to consumers’ lives, is
following a strategic plan to build the world’s strongest cannabis brand. The
company’s plan includes firmly establishing itself as a strong CPG company in
the most valuable part of the supply chain in the largest market – California –
then moving that successful formula to new markets, products and
consumers (http://ibn.fm/hsdpB).
In identifying key steps in its plan, PLUS conducted extensive
research. As a result, PLUS noted that the strongest companies in the world are
typically built by focusing on becoming the best at one thing. As prime
examples of this, PLUS cites Cargill in the agriculture sector, Coca-Cola and
Budweiser in the Consumer Packaged Goods (CPG) sector and Target and Walgreens
in the retail sector. With those companies as examples, PLUS chose to
become “hyperfocused” on building a brand in the CPG cannabis space, because
CPG brands have the highest value potential in traditional industries.
After continued analysis and study, Plus Products notes in
its investor presentation that brands are typically built on the foundation of
an iconic product. PLUS has been determined to establish an iconic product in
the edibles sector, which offers the most defensible price premiums. The
company has done exactly what it set out to do: offering iconic cannabis
gummies – Plus Uplift and Plus Unwind – that have been ranked the top two
best-selling cannabis products in California, controlling 21% of the gummies
market share in the state.
With the first step of its plan successfully completed, PLUS
is moving forward with the next, which is to grow a national brand through new
markets, products and consumers. The company has partnered with well-known
celebrity John Legend and direct-to-consumer mattress pioneer Casper to launch
into the national, direct-to-consumer market, providing cannabis consumers in
43 states access to the best-selling cannabis gummies in California.
In addition, Plus Products crossed state lines recently when
it expanded into Nevada’s recreational THD market through a manufacturing
partnership with TapRoot Holdings Inc. “Nevada’s expansive tourism and
meaningful size make it an ideal next step for building a national THC brand,”
the company announced.
PLUS intends to expand into further jurisdictions outside of
California and Nevada using a similar partnership model to ensure quality and
consistency across all markets. Key focus markets for the company include
Michigan, Arizona, Massachusetts, New York and Illinois, which combined
represent a potential $5.45 billion-dollar market for PLUS. In addition, the
company is also working on building its brand globally by exploring potential
international partnerships. Plus Products’ savvy, deliberate approach to
success and growth has firmly established the company as a top player in the
burgeoning industry.
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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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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