Plus Products (CSE: PLUS) (OTCQX: PLPRF) recently announced the listing of its debentures and warrants from its brokered private placement on the Canadian Securities Exchange under ticker symbols ‘PLUS.DB’ and ‘PLUS.WT’ on July 2, 2019 (http://nnw.fm/h6aRG). An article discussing the company reads, “The warrants and debentures were part of a private placement that raised CA$25 million, with the funds to be used for working capital and other general corporate purposes. . . . The private placement of unsecured convertible note units closed on February 28 (http://nnw.fm/cN4Xn). The brokered private placement of 25,000 units of the company at a price of CA$1,000 per unit consisted of one unsecured convertible debenture having the principal amount of CA$1,000 and 77 subordinate voting share purchase warrants of the company. . . . Every debenture accrues interest at 8% per year, payable semiannually in arrears until the February 21, 2021, maturity date. They are also convertible into subordinate voting shares at CA$6.50 per conversion share starting September 28, 2019. The debentures are unsecured obligations of the company.”
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About Plus Products Inc.
Plus Products is a California edibles company focused on using nature to bring balance to consumers lives. PLUS’s mission is to make cannabis safe and approachable; that mission begins with high-quality products that deliver consistent consumer experiences. PLUS Gummies and PLUS Mints are manufactured at PLUS’s own factory in Adelanto, California, with strict internal and external testing to ensure accurate consistent dosage. PLUS is headquartered in San Mateo, California, with 80 employees. For more information, visit the company’s website at www.PlusProducts.com.
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