Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced that it has qualified to trade on the OTCQX Best Market and will begin trading today, June 6, 2019, under the symbol “PLPRF.” The company’s shares will continue to trade under the symbol “PLUS” on the Canadian Securities Exchange. “Plus Products joins more than 175 companies that cross-trade their shares in Canada and in the U.S. on the OTCQX Market,” said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group. “Upgrading to OTCQX from the OTCQB Venture Market enables companies to build visibility and liquidity by providing a transparent trading market for their shareholders. Congratulations to Plus Products on achieving this important milestone.”
In addition, Plus Products today announced that it has acquired an option to purchase California-based cannabis oil manufacturer Emerald Bay Wellness LLC. According to the update, the option grants PLUS the irrevocable right, but not the obligation, to purchase all business assets of Emerald Bay Extracts for cash and stock consideration. “Acquiring Emerald Bay would give PLUS the opportunity to directly interact with the cannabis plant as we work to unlock the many benefits it is capable of delivering,” PLUS Co-Founder and CEO Jake Heimark said in the news release. “We targeted this acquisition because it allows us to reap the benefits of vertical integration while maintaining a focus on product manufacturing. Beyond the benefits of internalization, we believe that the team at Emerald Bay, possess the professionalism and know-how to rapidly scale their wholesale oil business under our umbrella of resources. Ultimately, this is a rare opportunity to improve quality control, cut costs, and grow revenues all at the same time.”
About Plus Products Inc.
Plus Products Inc. creates safe low dose and delicious cannabis food products that enhance the everyday. PLUS’s mission is to make cannabis safe and approachable use nature to bring balance to people’s lives – that starts with high-quality, precisely dosed products that deliver consistent experiences. The gummies PLUS’s food produces, which include gummies and mints in a variety of delectable flavors, are manufactured at the company’s factory in Adelanto, CA, where dosage is tested twice internally and then tested twice again by an independent lab. PLUS is headquartered in San Mateo, CA with 80 employees. For more information, visit the company’s website at www.PlusProducts.com.
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