- PLUS sees million-dollar increases in net revenues, gross profits; significant improvements in operating costs and cash balance.
- Q1 financial results paint picture of healthy company.
- Launch of PLUS CBDRelief brand marks company’s entrance into wellness, relief space of cannabis adult-use market.
Plus Products (CSE: PLUS) (OTCQX: PLPRF), a U.S. cannabis-branded products company, announced its first-quarter financial results (http://cnw.fm/s19nX). The unaudited financial and operational results, reported for the three months ending March 31, 2020, noted an increase in net revenues and gross profits, with an improvement in operating costs and a multimillion-dollar cash balance.
“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,” said PLUS CEO and…
NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://cnw.fm/PLPRF
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