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PLUS™ Announces DTC Eligibility for the U.S. Market

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JohnCM Member Level  Wednesday, 03/27/19 09:54:15 AM
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PLUS™ Announces DTC Eligibility for the U.S. Market

BY GlobeNewswire 7:30 AM ET 03/08/2019

SAN MATEO, Calif., March 08, 2019 (GLOBE NEWSWIRE) -- PLUS Products Inc. (“PLUS™” or the “Company”) (CSE:PLUS) , a cannabis branded product manufacturer dedicated to making cannabis safe and approachable, is pleased to announce it has secured eligibility by The Depository Trust Company (DTC) for its shares on the OTC.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits shares of PLUS Products to be distributed, settled and serviced through DTC’s automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities. DTC services provide cost benefits for investors and brokers trading Canadian securities in the United States.

Jake Heimark, co-founder & CEO of PLUS Products , stated, "We are pleased to have been cleared for eligibility on the DTC. This eligibility offers our U.S. institutional and retail investors an expedient and trustworthy platform on which to trade our stock and increases share liquidity in all public markets in which we trade.”

About PLUS Products

PLUS Products creates safe and delicious cannabis food products. Founded by a chef from a Michelin Star restaurant, Ivy League chemist and food manufacturing experts, 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, CA, where dosage is tested twice internally and then tested twice again by an independent lab. PLUS is headquartered in San Mateo, CA with 60 employees



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