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PLPRF: Plan of Arrangement. Holders will receive 0.04253539 shares of Glass House Subordinate Restricted and Limited Voting Shares for every share of Plus Products Common held.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Right on schedule..end of Q3 liquidation. IDIOTS couldn't see the writing on the wall? Pride must have gotten in the way of logic. So obvious...
Approx $20M cap, sales rate $10M/yr, should sell for 3-4x, maybe upside 50%+ from here? Probably not worth the risk...yet. The CEO wants to keep his little company. They had better be working on a merger, or a VC infusion. Sale of the company, the longer this drags out, means a discount to the 3-4x selling price. If this means another capital raise, dilution will be severe, and they'll still be burning through their reserves. Need critical mass, and a new business model, OR sell and move on.
Needs to be purchased.
$0 cash by end of Q3. Will need to do raise, in Q2, from weakness/no cash catalysts upcoming.Unloading staff to minimize payroll, but that won't be enough. Change of distribution system may compound their problems in the short run. Big downside risk for financing: $.25? Keep powder dry until then. Good little company, but its on thin financial ice.......
huge jump today!! anyone know what happened?
Typically used in regards to a merger, but lightly used to mean you own shares of a company hoping the company will be bought out.
assuming you're in CA as a Chargers fan you've seen em too yeah? I'm not fancy enough for arbitrage. But I do know that cannabis companies face insane tax situations when it comes to 280E because it is still federally illegal. Any existing cannabis company is going to have an insane amount of tax debt but when legalization comes there might be something done about it. It's somewhat of a gamble but if they can make it smoothly into legalization they could be one of the top players in gummies.
Good company! Dead money.
Arbitrage play?
nice climb today. this company is legit. I've had both their cannabis and their hemp gummies. they are def well positioned to move up once cannabis is rescheduled, I can't believe this is under $1. Once legalization is further along I really do think it could get up to $5 per share or more, depending on how they handle it. On the other hand if Wyld is ever sold publicly that is the ultimate beast
Nice find here. I will look to get in on Monday @ $0.60
Only 34M shares OS -https://www.otcmarkets.com/stock/PLPRF/security
GLTY
Hi new here....great products is why. I'm here for the election push.
Like the company. Tough to wait in a moving market.
Float and O/S is a very nice size. Also revenues and MC are great as well. New products drops a little might be bought out or just be a well know brand very soon. They seem to have their stuff together.
What the hell happened here??
Big news for MJ companies coming from congress. Most companies have seen their stock price rebound for the past two days. Is this the time to BUY, BUY, BUY?
Plus Products has a bright future IMO.
yup that's the goal.
just giving that asshole canada tommy a taste of his own medicine with an extra splash of obnoxious!
he's a real d bag
Get in the car tommy! we've got a real nice surprise for you.
subby coming look out below
I'm 187,000 shares short
medium well for Tommy
You have to be short this stock. no way you're taking it like this.
you're def a medium well type of guy
This going subby tommy.
medium or rare? on me when I see you
52 WEEK LOWS ! WOWZERS
YOU STEP ON THE WRONG PERSON'S SHOES THIS TIME
LOWER!!!!
My proprietary ANAL Y SIS HAS THIS MUCH MUCH LOWER BY MAY BELOW $1
1.80 - 1.87 accomplished next target much lower much , much lower!
TAKE HEED !
& ENJOY THE TUNES
Yep, headed that way now...
Take Heed!
.087 coming ... lower hahahahaha
WE'RE GOING TO SEE 1.87 BY TODAY AND THEN LOWER
TAKE HEED
Agree, very possible.
Products are good, but they haven't figured out how to manufacture and profit from em. Cogs is currently a recipe for disaster.
much lower maybe .87
Sounds good...Will be doing DD on this one... GL
I’m buying more today. This is a long hold.
News out - PLUS Products Launches Edibles Products into Nevada Adult-Use Cannabis Market
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October 07, 2019 07:30 ET | Source: Plus Products Inc.
photo-release
PLUS has launched in Nevada with a successful product portfolio
PLUS' infused-gummies product line
Plus Products Inc.
SAN MATEO, Calif., Oct. 07, 2019 (GLOBE NEWSWIRE) -- Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the “Company” or “PLUS”), a leading cannabis branded products company in the U.S, today announced the launch of its best-selling gummies1 into the Nevada market. The products are manufactured through the Company’s partnership with TapRoot Holdings Inc. (“TapRoot”), a vertically integrated cannabis company operating cultivation and manufacturing facilities in Las Vegas, Nevada. Commercialization comes just four months after PLUS and Taproot entered into a definitive agreement.
PLUS expands with a successful product portfolio:
PLUS is the #1 cannabis gummies brand in California with 21% market share1. PLUS has launched in Nevada with its infused-gummies product line, which includes the #1 & #2 best-selling cannabis products in California across all categories1.
Nevada is a key market for building an internationally recognized brand:
Nevada surpassed retail sales expectations in its first year of adult-use sales, and sales are expected to surpass $1.2 billion by 20222. With over 45 million visitors a year from all over the world, Nevada is a key market to building an internationally recognized brand. As in California, edible products have continued to increase in popularity, growing from 14.5% of recreational sales beginning in Q3 2017 to 18% today3.
PLUS is leading manufacturing operations to maintain quality and consistency:
TapRoot demonstrated that they are the ideal partner by providing the facilities for PLUS to easily and quickly deploy its machinery, ingredients and people to ensure that the product maintains its consistently high quality standards both in California and Nevada. PLUS intends to expand into further jurisdictions outside of California and Nevada using a similar partnership model to ensure quality and consistency across all markets.
"Operating in Nevada only four months after signing a definitive agreement with TapRoot is a testament to our commitment to execution in building a national footprint," said Jake Heimark, co-founder and CEO of PLUS. "We have created and commercialized the best-selling gummies brand in California. Now with this expansion, we aim to replicate this successful strategy in Nevada and ensure high-quality cannabis products reach more consumers in the U.S."
Over the last twelve months by units and dollars of retail sales according to BDS Analystics
Arcview Market Research & BDS Analytics: The State of Legal Marijuana Markets 6th Edition Update
?According to BDS Analytics
Availability
California THC: PLUS cannabis infused edibles are available in over 360 licensed retailers across the state of California.
Nevada THC: PLUS cannabis infused gummies are currently available at 3 Medmen Las Vegas locations, and are expected to be rolled out to dispensaries across Nevada in the coming weeks.
National Hemp CBD: PLUS recently announced a line of 100% Hemp CBD infused gummies. They are available for purchase at plusproducts.com nationwide.
About PLUS
PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA with 80 employees.
For further information contact:
Jake Heimark
CEO & Co-founder
ir@plusproducts.com
Investors:
Blake Brennan
Director of Investor Relations
ir@plusproducts.com
Tel +1 213.282.6987
Media:
Bill Harrison
Third Street Media Group
bill@thirdstreetmediagroup.com
Tel +1 213.712.8811
The CSE does not accept responsibility for the adequacy or accuracy of this release.
I plan on buying if this goes down below $2.84.
Launching a nationwide CBD product, partnering with Casper mattresses and John Legend. HUGE.
I like that entry point or you could have 1/2'd it.
I’m in at $3.40. Long term I like the upside a lot. Short term it could dip to as low as $3.00 is my guess. Maybe under a bit, but I doubt it. Could just as well be $5.00 in a month.
Limit order at $3.25?
I like the chart right now, I just don't know.
I have been loading Green Growth Brands.
I am looking to add to my positions or create a new one. I sold Liberty Health by mistake. I really need an alert for when the stock price crosses $0.75
Let me look at this chart. I watched the CEO on the Midas Letter.
Seems to have found a floor. If not, I think $2.50-$2.75 is as low as it would go. But I think Big buyers will buy in before that happens.
I was in and then out. I like the company. Cresco should buy them.
Have you bought yet? Could be a nice time to get back in here.
I had to sell to raise CASH but I want back in.
Have you watched the Midas Letter interview?
Will these guys be selling product in Canada once they make edibles legal
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