- Plus Products’ brands have seized five spots in a top-10 lineup of California cannabis offerings, including the leading position
- The company plans to expand its product line after recently completing a C$20 million capital raise
- Plus Products has secured an option to purchase Emerald Bay Wellness LLC, a California-based cannabis oil manufacturer
What does it mean when a company has five of the top 10 edible SKUs in the largest cannabis market in the world? It could mean that, like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), it’s on its way to market control. Plus Products, based in San Mateo, California, has emerged as “the dominant manufacturer of edibles in California, which is no small feat,” according to Chris Parry, a marijuana marketing consultant for Yahoo Finance (http://nnw.fm/T65Ub). It’s no surprise, then, that Plus Products has been ranked as the top cannabis edibles brand in California (http://nnw.fm/HcHs2), and its financials have started to reflect that lofty status. Revenues for Q1 2019 were $3.24 million, marking a 272 percent increase year-over-year.
Plus Products has found a way into the hearts of residents in the Golden State, no doubt because its hugely popular cannabis-infused gummies and mints have found favor with their palates. The latest rankings compiled by data intelligence analyst Headset from retail sales data show the company’s products placing in the tenth, ninth, sixth, second and…
NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://nnw.fm/PLPRF
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