Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) this morning announced its entry into a definitive agreement to acquire the assets of California-based cannabis-infused baked goods brand GOOD CO-OP, Inc. in an all share transaction. The acquisition, valued at approximately C$2.03 million, represents PLUS’s strategic entry into baked goods, the third-largest edibles category, after reaching the top edibles position with only four full-time products. “When Pete and I started GOOD, our mission was to make the best cannabis baked goods products in the world,” GOOD CEO and Co-Founder Mike Appezzato stated in the news release. “Manufacturing consistent cannabis food products at scale is challenging, and few companies do it well. After talking to several companies in the space, it was clear to our team that only PLUS has the operational know-how to help us scale across California and throughout the United States.”
To view the full press release, visit http://cnw.fm/1ESxi
About PLUS
The company is a branded products manufacturer based in California. Its products consist of cannabis infused edible, 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, by category. The company’s mission is to make cannabis safe and approachable – that starts with manufacturing high-quality products delivering consistent experiences. All products are produced in the company’s dedicated food-safe cannabis manufacturing facility in southern California. For more information, visit the company’s website at www.PlusProducts.com
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