|From: NetworkNewsWire (Rep: 0)||Date: 01/11/2019 17:01|
|Forum: Penny Stocks - Msg #2629 - List PLUS msgs ||Thread #674057320 (Rec: 0) |
|NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) Reinforces its Position in the California Edibles Space through Acquisition|
Leading California edibles manufacturer Plus Products (CSE: PLUS) recently reported the completion of the acquisition of GOOD CO-OP Inc., a California-based cannabis-infused baked goods brand. A recent article discussing the company reads, “This acquisition is expected to enable Plus to solidify its top position in the edibles field (http://nnw.fm/572iG). … The acquisition is valued at approximately C$2.03 million and will be satisfied through the issuance of 357,464 restricted subordinate voting shares of Plus. … Currently, Plus ranks as the leading edibles brand in California, and its primary focus is within one of the largest edibles categories – gummies. Through the acquisition of GOOD CO-OP, Plus gains a strategic advantage in that it can enter a second rapidly-growing category, that of baked goods.”
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