Plus Products Stock (CSE: PLUS) (OTCQX: PLPRF) - Investor Dashboard

➔ Plus Products
CSE Ticker: PLUS
Market Focus: United States
Classification: Brand
Country: United States
Employees: 24
Established: 2015
CEO: Jake Heimark


Fiscal Year-End: December
Exchange: CSE and OTCQX
Sector: Consumer Goods
Auditor: DMCL
Headquarters: San Mateo
States with Operations: CA and NV; CBD: National

Financials (09/30/19)

Cash on hand: $22.3 million
Fixed Investment: $4.7 million
Shareholders’ Equity: $17.5 million
Revenue: $3.53 million
Gross Margin: 12.7%
EPS: -$0.35

Capital Structure (11/29/19)

Last Financing: $25 million convertible note and warrants
As-Converted Shares: 43.4 million
Warrants: 2.5 million
Options: 4.2 million
Diluted Shares: 54.4 million


Company Brief

Plus is building the leading branded cannabis product manufacturing operation in the largest and most competitive cannabis market, California, through its wholly-owned subsidiary, Carberry. The company is dominating the branded product space by leveraging data to grow the company’s portfolio both organically and through acquisitions. Plus has recently used its knowledge from scaling in California to enter into new markets, including Nevada for its THC products, and into 43 other states for its recently launched CBD gummies. The company’s primary goal is to make cannabis safe and approachable for everyone.

Why Edibles

Brands are built in differentiated, not commoditized, product categories. Prices in flower and concentrates are already commoditizing in recreational markets. The price index shows the average unit price as % of initial price since Q2 2014 in Colorado and Washington, data provided by BDS Analytics.

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  • One of the fastest growing brands in California’s cannabis market; products available in Nevada through TapRoot partnership
  • Proven and experienced executive team
  • 350+ delivery and retail partners
  • Closed $6M Series B Financing
  • Closed $10M Series B-3 Financing
  • Increased revenue over 600% from $0.33M in Jan- Jun 2017 to $2.45M in Jan- Jun 2018
  • In addition to its stock, Plus convertible debentures (PLUS.DB) and warrants (PLUS.WT) trade on the CSE
  • Strong cash position

Growth Strategy

  • Building food manufacturing space enabling $150M in annual production and potential to expand to $450M total
  • Use knowledge from scaling in California to enter new markets with proven products and brands; Key focus markets include: Canada, Florida, New York, Michigcan, Massachusetts, and Nevada
  • Plans to expand into U.S. and international adult-use markets through pop-up manufacturing facilities
  • Partnership with California distributor HERBL; distribution to more than 650 dispensaries


  • Industry-leading food manufacturing and branding expertise
  • High market share
  • 12,000-square-foot licensed food manufacturing facility with $50M annual production capacity
  • Top-selling cannabis products in California
  • Products developed by Michelin Star sous chef
  • $1M+ marketing campaign

Institutional Analyst Coverage

Bobby Burleson
Canaccord Genuity

Jason Zandberg, CFA
PI Financial

Making Cannabis Safe and Approachable

Curated Stories & News

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New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. Plus is a client of NCV Media, LLC. Read our full disclaimer.