|Plus Products Inc. (CSE: PLUS) Expanding Production Capabilities to Better Leverage Opportunities in the Cannabis Edibles Market|
- Plus Products is a top cannabis-infused edibles producer focused on edibles that are both compliant and dosable while offering unsurpassed taste and texture
- The company produces its edibles through the organized efforts of experts in a variety of fields
- Plus Products continues to introduce a range of popular limited edition products
Headquartered in San Mateo, California, Plus Products Inc. (CSE: PLUS) is a leading branded products manufacturer. The company’s focus is on making cannabis-infused edibles that are better than the competition, in addition to being compliant, dosable and delicious. All of its products are produced in its dedicated food-safe cannabis manufacturing facility in southern California. Plus products are exclusively available in California and are for the regulated medicinal and adult-use recreational markets. Plus was one of the first brands to bring fully compliant products to the legal market.
Plus Products is building a food manufacturing facility, enabling $150 million in annual production. There is the potential to expand to $450 million in annual production with a phase 3 build-out, according to the firm’s investor presentation (http://nnw.fm/Dod7E). The company is positioning itself to take advantage of the blossoming cannabis edibles market. Analytical Cannabis (http://nnw.fm/41PMo) noted in its recent article, ‘Cannabis Trends to Expect in 2019’, that, “Thanks to increasing social acceptance and new safety regulations that match those expected of food products, cannabis is finally graduating from brownies and entering the edibles market.” The article states that CBD and THC are shaping up to be 2019’s staple ingredients.
Plus Products makes its edibles from scratch. The company uses only carefully sourced, high-quality extracts and kosher ingredients. The production of its edibles relies on the collaboration of experts in diverse fields. Its production team consists of Michelin-star chefs, Ivy League chemists, food manufacturing experts, engineers, machinists, visionaries, creatives and strategists.
Plus Products is one of the leading edibles brands in California. In Q3 2018, Plus Products was ranked the number one edibles brand in the state (http://nnw.fm/y8dTP). The opportunity for further growth is in place, because, in 2019, California is forecast to grow to $5 billion in legal sales (http://nnw.fm/XdX8w). In a news release, Plus Products Chief Executive Officer Jake Heimark, said, “We are grateful to the California consumers who have made PLUS the leading cannabis product in California, the largest and most competitive cannabis market in the world.”
Recently, Plus Products completed the acquisition of all of the assets of California-based cannabis-infused baked goods brand GOOD Co-Op, Inc. GOOD is a cannabis-focused food brand that creates high quality, low-dose products for mass-market consumers (http://nnw.fm/UZw9g). This acquisition represents a strategic entry for Plus Products into the third largest edibles category – baked goods.
Furthermore, Plus continues to launch limited edition products. It recently introduced the fourth limited edition of its market-leading infused gummies – Pink Lemonade. This product is available at select dispensaries in California for a limited time, with a portion of the proceeds from the launch being donated to the National Parks Foundation. Plus Pink Lemonade flavored gummies are dosed with 3.5mg THC and 1.5mg CBD.
With more than 40 years’ experience in food manufacturing, the Plus Products team continues to innovate in the cannabis-infused edibles space. The company aims to foster growth by using the knowledge garnered from scaling in California to enter new markets with proven products and brands.
For more information, visit the company’s website at www.PlusProducts.com
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