Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., today released its unaudited financial and operational results for the three and six months ended June 30, 2019. In the update, the company reported second quarter financial highlights including the following: Revenue increase to $3.6 million in Q2 2019, representing 125% year-over-year growth over Q2 2018 revenues of $1.6 million; improvement in gross margins to $0.7 million, or 20%, in Q2 2019, compared with $0.2 million, or 14%, in Q2 2018. “Our high product standards, growing brand recognition and the launch of our new line of mints drove strong demand for our products this quarter, cementing our position as a top selling cannabis brand in California,” Plus Products Co-Founder and Chief Executive Officer Jake Heimark said in the news release. “For the 5th consecutive quarter, PLUS ‘Uplift’ was the #1 best-selling cannabis product in California in dollars sold, according to data from BDS Analytics.”
To view the full press release, visit http://ibn.fm/M95af
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.
NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://ibn.fm/PLPRF
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