PLUS PRODUCTS INC. SAN MATEO, Calif., July 14, 2020 (GLOBE NEWSWIRE) -- Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the “Company” or “PLUS”), a cannabis and hemp branded products company in the U.S., today announced the launch of its new HI-CUBES brand into the California adult-use market.
Highlights
- Most concentrated gummy product (THC by volume) available in the California market.1
- 100% whole plant, full-spectrum oil delivers cannabinoids, flavonoids and aromatic terpenes for a more dynamic high.
- Great tasting and guilt-free: only 5 calories and less than 1g of sugar per cube.
- New line-up will initially include two high THC gummy products specifically formulated for cannabis users looking for a stronger psychoactive effect.
HI-CUBES is the third edibles brand launched by PLUS, well known for its core brand of high-quality and precisely dosed gummies and mints.
With 10mg of THC packed into each 5 calorie serving, HI-CUBES are the most concentrated gummy products available within the California market.1 Manufactured with 100% whole-plant, full-spectrum oil, the product delivers an array of cannabinoids, flavonoids and aromatic terpenes to create a powerful effect for consumers looking for an intense cannabis experience. This new line offers consumers the same great-tasting and guilt-free product experience as PLUS gummies, with less than 1g of sugar per cube.
“Following the launch of our PLUS CBDRelief brand this past February, we are excited to further expand our portfolio to ensure that consumers looking for all different types of experiences can turn to our brands for their cannabis needs,” stated Jake Heimark, Co-founder and CEO.
The new brand, HI-CUBES, initially includes two flavors – Indica Plum and Sativa Strawberry – each with 10mg of THC per gummy, and 100mg of THC per package. These products are currently available in over 40 licensed retailers across the state of California.
(1) According to internal market research.
Availability
California THC: PLUS cannabis-infused edibles are currently available in over 360 licensed retailers across the state of California. PLUS CBDRelief cannabis-infused gummies are currently available in over 240 licensed retailers across the state of California. HI-CUBES cannabis-infused gummies are expected to continue rolling out to licensed retailers across the state in the coming weeks.
Nevada THC: PLUS cannabis-infused gummies are currently available in licensed retailers throughout Las Vegas.
National Hemp CBD: PLUS 100% hemp CBD-infused gummies are available for purchase in 43 states across the country at plusproducts.com.
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.
For further information contact:
Jake Heimark
CEO & Co-founder
ir@plusproducts.com
Investors:
Blake Brennan
Investor Relations
Blake@plusproducts.com
Tel +1 213.282.6987
Media:
Megan Sekkas
Public Relations
megan@sekkas.com
Tel +310.279.6811
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This press release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (each, a “forward-looking statement”). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur and include, but are not limited to, statements relating to: (i) whether or not PLUS will achieve its objective of becoming a portfolio of brands that consumers looking for all different types of experiences can turn to for their cannabis needs, and to what extent the launch of HI-CUBES products will help PLUS achieve this objective (if at all); (ii) whether or not HI-CUBES cannabis-infused gummies will be rolled-out across California in the coming weeks; (iii) and whether or not HI-CUBES will remain the most concentrated gummy product available within the California adult-use market.
These forward-looking statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These risks include, but are not limited to, the success of the Company’s investments, the ability to retain key personnel, the ability to continue investing in infrastructure to support growth, the ability to obtain financing on acceptable terms, the continued quality of the Company’s products, customer experience and retention, the continued development of adult-use sales channels, managements estimation of consumer demand in in jurisdictions where the Company exports, expectations of future results and expenses, the availability of additional capital to complete capital projects and facilities improvements, the ability to expand and maintain distribution capabilities, the impact of competition, the ability of the Company to implement initiatives and the possibility for changes in laws, rules, and regulations in the industry. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc3d8785-fd34-4612-b946-1921b30260eb
HI-CUBES
