Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis branded products company in the U.S., on Monday released its unaudited financial and operational results for the three months ended September 30, 2020, expressed in U.S. dollars. Among Q3 2020 financial highlights, PLUS reported an increase in net revenues to $3.7 million, up from net revenues of $3.5 million in Q3 2019. In addition, the company reported a climb in gross profits to $1.4 million, up from $0.5 million in Q3 2019. “The third quarter was an exciting period for PLUS as we continued our steady progress towards profitability, achieving 40% gross margins for the first time and consuming just $0.4M in cash,” said Jake Heimark, co-founder and CEO of Plus Products.
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About PLUS
PLUS is a cannabis branded products company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, California. For more information about the company, visit www.PlusProducts.com.
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