Leading California edibles manufacturer Plus Products (CSE: PLUS) recently announced that it has successfully completed the acquisition of all the assets of GOOD CO-OP, INC. Per the terms of the agreement between the California-based cannabis-infused baked goods brand, its securityholders’ agent and the company, PLUS issued 357,464 subordinate voting shares to the shareholders and holders of simple agreements for future equity of GOOD at a valuation of approximately CAD$2,030,000. Of the subordinate voting shares issued, 323,451 subordinate voting shares are subject to an earn-out as previously disclosed. “At PLUS we believe in executing quickly and are pleased we were able to close the agreement promptly after announcing the planned acquisition,” Plus Products CEO Jake Heimark stated in the news release. “I would like to thank the PLUS team that worked diligently on the deal as well as the GOOD team, who we are excited to have on board.”
To view the full press release, visit http://cnw.fm/rLg2K
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. PLUS™ 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 more information, visit the company’s website at www.PlusProducts.com.
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