Plus Products Stock (CSE: PLUS) (OTCQX: PLPRF) - Investor Dashboard
| ➔ Plus Products | |||||
|---|---|---|---|---|---|
| CSE Ticker: | PLUS | ||||
| OTCQX Ticker: | PLPRF | ||||
| Market Focus: | United States |
| Classification: | Brand |
| Country: | United States |
| Employees: | 24 |
| Established: | 2015 |
| CEO: | Jake Heimark |
Summary
| Fiscal Year-End: | December |
| Exchange: | CSE and OTCQX |
| Sector: | Consumer Goods |
| Auditor: | Davidson & Company |
| Headquarters: | San Mateo |
| States with Operations: | CA and NV; CBD: National |
Financials (03/31/21)
| Cash on hand: | $8.9 million |
| Fixed Investment: | $2.1 million |
| Shareholders’ Equity: | $4.0 million |
| Revenue: | $2.5 million |
| Gross Margin: | 41.1% |
| EPS: | -$0.06 |
Capital Structure (05/27/21)
| Last Financing: | $25 million convertible note and warrants |
| As-Converted Shares: | 48.4 million |
| Warrants: | 10.7 million |
| Options: | 3.2 million |
| Diluted Shares: | 66.1 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 CBD gummies. The company’s primary goal is to make cannabis safe and approachable for everyone.
About PLUS Products
Why Edibles
Highlights
- One of the fastest-growing brands in California’s cannabis market; products available in Nevada through TapRoot partnership
- Proven and experienced executive team
- 12,000-square-foot licensed food manufacturing facility with $70M annual production capacity
- 350+ delivery and retail partners
- Strategic shift to expand the sales team, internalize account management and move to a self-service distribution partner in California
- 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
- Plans to grow core brands through retail partnerships, white label programs and budtender engagement
- Continued product innovation planned; launching new gummy brands to broaden the consumer base
- Plans to launch into at least one more adult-use market in 2021
- Presence in the UK market via exclusive sales agreement for hemp CBD products
Differentiators
- Industry-leading food manufacturing and branding expertise
- High market share
- E-commerce platform geared toward the national hemp CBD market
- Top-selling cannabis products in California
- Products developed by Michelin Star sous chef
- Partnership with CannRx Biosciences to enhance product onset; partnership with TFF Pharmaceuticals to develop a dry inhalation powder for cannabis consumption
- An innovation process to rapidly develop and evaluate new products and product improvements
- Products third-party tested three times throughout the manufacturing process
- $1M+ marketing campaign
Institutional Analyst Coverage
Jason Zandberg, CFA
PI Financial
Making Cannabis Safe and Approachable
Curated Stories & News
Visit Plus Products
at www.plusproducts.com.
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