PLUS Products June 2020 Newsletter

June 1, 2020 at 12:00 AM EDT

New SKU's to Help The Blues

Market research suggests that over one-third of cannabis use occasions are for relieving pain, stress, and anxiety. PLUS announced last week that its new brand specifically formulated for the wellness and relief cannabis user, PLUS CBDRelief, is now available throughout 80% of its California retail distribution network. Following this successful launch, PLUS also announced the addition of a new SKU to the lineup – introducing a Pomegranate 1:1 THC to CBD ratio gummy. 

Read more here!

CFO Jon Paul Takes a Well-Earned Permanent Vacation

Goodbyes are rarely fun, but we are happy to congratulate our CFO on his retirement. Jon has been an invaluable asset to our team, and integral to our growth strategy. During his time at the Company, Jon built the financial infrastructure and relationships that we believe will enable PLUS to succeed for years to come. 

We are excited to announce that Nate Pearson, PLUS’s Vice President of Finance, is stepping into the role. Nate has significant experience operating within the finance departments of companies in emerging and heavily regulated industries. Following his time at Ernst & Young, Mr. Pearson worked at Tesla Motors as a Senior Financial Analyst and at Lagunitas as the Director of Financial Planning and Analysis, before ultimately joining PLUS.

Learn more here!

Lending a Hand with the PLUS Brand 

At the start of this month, PLUS re-released our best-selling limited edition Pride gummies. PLUS is partnering with the SF Queer Nightlife Fund to donate $1 per tin sold to provide direct financial relief to workers in queer nightlife in San Francisco who have been affected by the COVID-19 pandemic. 

Check out the details here!

Gettin' Technical: Non-Dilutive Share Exchange

'Hey PLUS team, this news release is a bit in-depth. Can you give me the breakdown?'

Sure! While we strongly encourage you to review the release in its entirety, here are a few highlights: 

  • The transaction did not affect the number of issued and outstanding Common Shares, on as converted basis.

  • The transaction will not adversely impact the economic or voting rights of current holders of Common Shares.

  • Following the transaction, the Company is expected to preserve its status as a “foreign private issuer” under Rule 3b-4 of the Securities Exchange Act of 1934, as amended.

If you would like more detail, always feel free to reach out to ir@plusproducts.com.

Thanks for tagging along as we explored PLUS’s June adventures. 

We sincerely hope that everyone is staying safe and healthy amid these uncertain times. See you in August!
 

Meet The Team, See Our Facility

Co-Founders Jake Heimark and Justin Gwin breakdown what makes our little cubes so special: Take the tour here!

PLUS Recent News Releases 

June 1, 2020: Plus Products Re-Launches Best-Selling Limited Edition Gummies for Pride 2020, Collaborates with SF Queer Nightlife Fund

June 9, 2020: Plus Products Announces CFO Retirement and Transition Plan

June 25, 2020: Plus Products Launches New PLUS CBDRelief 1:1 Product, Expands Wellness and Relief Portfolio

June 29, 2020: Plus Products Announces Completion of Non-Dilutive Share Exchange and Update to Share Structure