CSE New Listing – Plus Products Inc. Commences Trading on the Canadian Securities Exchange
October 30th, 2018
News, Top News
Vancouver, British Columbia–(Newsfile Corp. – October 30, 2018) – Plus Products (CSE: PLUS) is one of the latest new listing on the Canadian Securities Exchange. The company, through its wholly-owned subsidiary, Carberry, operates as a branded cannabis products manufacturer with operations in the State of California.
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The company’s products consist of edibles which are infused with cannabis oil, which is sourced from licensed suppliers located in California. The company sells to both the regulated medicinal and adult-use, or recreational, markets, and has arrangements with licensed distributors to sell products under the PLUS™ brand to over 200 licensed dispensaries and delivery service customers.
According to BDS Analytics, the company’s three catalog products have significant market share in California. The company continues to launch limited edition products and anticipates expanding its product lines, which currently consist of six SKUs.
Plus Products raised gross proceeds of $20 million through an IPO of approximately 6.2 million shares priced at $3.25. PI Financial acted as lead agent of the syndicate which included Canaccord Genuity and Haywood Securities.
Jake Heimark, CEO, stated: “We are deeply appreciative to have received robust demand and to close the books on our initial public offering. I would like to personally thank the many people that worked diligently to help build Plus Products into the company it is today. Our goal is to continue to be a leader in California’s regulated cannabis industry and to add value to our shareholders over the long term.”
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