Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) remains focused on delivering premium branded products, which have demonstrated impressive retail growth in the cannabis industry compared to nonbranded products. An article discussing the company reads, “The team at Plus Products realizes that the cannabis industry is moving toward branded products and sees brand strategy as key to accessing strong profit growth. In California alone, nonbranded cannabis products grew by 64% between Q1 2014 and Q1 2018, while branded products saw retail growth of 701% in that same period. The company sees brand recognition as an integral component to its continued success in this market. . . . Looking forward, Plus Products is maintaining its focus on edibles, a segment that is on an upward trend. Between 2014 and 2018, the edibles market in Colorado alone rose from 12% to 16% of the cannabis space; in California, its market share rose from 13% to 16% between 2017 and 2018 (http://cnw.fm/xtLW9). In addition, the edibles price point has shown steady growth since 2014, while various other products, such as concentrates and flower, have shown a steep decline, clearly distinguishing edibles as a product type that could be worthy of long-term investment.”
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About Plus Products Inc.
PLUS Products creates safe and delicious cannabis food products. PLUS’s mission is to make cannabis safe and approachable — that starts with high-quality products that deliver consistent experiences. The gummies are manufactured at PLUS’s own factory in Adelanto, California, where dosage is tested twice internally and then tested twice again by an independent lab. PLUS is headquartered in San Mateo, California, with 70 employees. For more information, visit the company’s website at www.PlusProducts.com.
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