Le Lézard
Classified in: Business
Subject: EARNINGS

PLUS Revenue Grows 617% to $2.56 Million in Q318


SAN MATEO, Calif., Nov. 30, 2018 (GLOBE NEWSWIRE) -- Plus Products Inc. (the "Company" or "PLUS") (CSE: PLUS), the leading edibles manufacturer in California, is pleased to announce its financial results for the three months ended September 30, 2018.

Third Quarter 2018 Financial Highlights

"PLUS is a different kind of cannabis company," said Jake Heimark, Chief Executive Officer of PLUS. "100% of our revenue is from wholesale edible branded product sales. We believe branded edible market share is difficult to earn, yet is one of the most important metrics of long-term shareholder value. We are pleased that as measured by retail sales in Q3, the PLUS brand is now the leading edibles brand in the largest and most competitive cannabis market in the world, and we look forward to extending the brand beyond California in 2019."

Quarterly Business Highlights

Subsequent Events:

The financial filings are available for review on the Company's SEDAR profile at www.sedar.com.

About PLUS

Plus Products Inc. is a leading branded products manufacturer based in California. Its products consist of cannabis-infused edibles, which it sells to both the regulated medicinal and adult-use recreational markets. PLUStm is currently one of the fastest-growing edible brands in California with several top-selling products. The Company's mission is to make cannabis safe and approachable - that starts with manufacturing high-quality products delivering consistent experiences.

For further information contact:

Investors:
Jessica Bornn
Director of Investor Relations
[email protected]
Tel +1 650.223.5478

Media:
Heidi Groshelle
Ingrid Marketing
Tel +1 415.307.1380
[email protected]
@heidigro


The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.


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