Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Rises to Top

New Post Public Reply Private Reply Replies (0) Message Board
NetworkNewsWire
222
Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Rises to Top Position in World’s Most Competitive Cannabis Market

- Branded cannabis products grew 637 percent more than non-branded products between 2014 and 2018
- Edibles continue to assure investors of stable market prices as compared to concentrates and flower products
- Plus Products anticipates enormous growth in production capacity as it constructs a large-scale manufacturing plant

Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) is making moves to dominate the branded cannabis industry through its continued focus on premium products executed with precision and made available to consumers everywhere.

The team at Plus Products realizes that the cannabis industry is moving toward branded products and sees brand strategy as key to accessing strong profit growth. In California alone, non-branded cannabis products grew by 64 percent between Q1 2014 and Q1 2018, while branded products saw retail growth of 701 percent in that same period. The company sees brand recognition as an integral component to its continued success in this market.

Looking forward, Plus Products is maintaining its focus on edibles, a segment that is on an upward trend. Between 2014 and 2018, the edibles market in Colorado alone rose from 12 percent to 16 percent of the cannabis space; in California, its market share rose from 13 percent to 16 percent between 2017 and 2018 (http://nnw.fm/7Jrf8). In addition, the edibles price point has shown steady growth since 2014, while various other products, such as concentrates and flower, have shown a steep decline, clearly distinguishing edibles as a product type that could be worthy of long-term investment.

Notably, Plus Products was ranked as the number one edibles brand in California as of Q3 2018, according to data from both BDS Analytics and Headset, achieving impressive retail success in the world’s most competitive cannabis market (http://nnw.fm/Bp6OW). Currently, California offers the most competitive climate for cannabis companies, hosting almost 250 different edible brands while Colorado has less than 100. California is also the largest cannabis market worldwide, and it’s expected to grow to $5 billion in 2019 legal sales (http://nnw.fm/7Jrf8).

BDS Analytics and Headset also report that Plus Products’ unit sales have grown 97 percent from Q2 2018 to Q3 2018. Moreover, Plus Products anticipates the construction of “the largest food grade manufacturing plant in the state with room to expand,” enabling the potential for $450 million in production capacity (http://nnw.fm/8Gh5A). The company’s goal is to own the branded product space by pairing disciplined, agile food manufacturing with thoughtful branding teams.

For more information, visit the company’s website at www.PlusProducts.com

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

Plus Products Inc. (PLPRF) Stock Research Links

PLPRF Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Mandeville Pests: Health Dangers Lurking at Home

Updated Category News Views 1

Pest Trouble Brewing in Mandeville: A Health Alert There’s a storm brewing in Mandeville, Louisiana, and it's not the kind you can see rolling in on the horizon. We're talking about those sneaky pests going unnoticed in our homes. Folks, these pests aren't just a nuisance; they're ticking time bombs for public health. Take it from J&J Exterminating, who know a thing or...

Continue Reading
Spot the Signs: Early Gum Disease Insights from Experts

Updated Category News Views 2

Why Early Detection of Gum Disease Matters Let's dive right into the crux of things. Gum disease, that sneaky antagonist of oral health, starts unassumingly. You brush, you floss, but those gums might still bleed—ever noticed? Dr. Marian Burgard of Fairport Family Dental has a thing or two to say about this, enlightening us through an insightful piece by HelloNation....

Continue Reading
Life Flower Celebrates 16 Years with Dog Adoption Event

Updated Category News Views 3

A Celebration with Heart Ah, the classic mix of business and community goodwill—that's what Life Flower Dispensary is all about this year. You know, not every business that hits the 16-year mark decides to make it about something bigger than just slashing prices or hyping themselves up. But Life Flower? They're using their anniversary to throw a shindig that's more than...

Continue Reading
India's First Upright Proton Therapy System Unveiled

Updated Category News Views 4

A Leap Forward in Cancer Care: Proton Therapy Revolution Dang, just when you think you've heard it all in cancer treatment, Fortis Healthcare drops a bombshell: India’s first upright proton therapy system. Boom! This isn't your run-of-the-mill radiation treatment we're talking about here. This is the futuristic flair of the MEVION S250-FIT™, featuring upright...

Continue Reading
Leidos' Autonomous Vessels Chart Bold Naval Waters

Updated Category News Views 1

Leidos' Autonomous Leap with the U.S. Navy Well, today it's all about Leidos, an outfit that's been showing its grit in the world of maritime autonomy. Their systems aren't just tinkering around anymore—they're slicing through the waves at RIMPAC, the Rim of the Pacific, and running alongside the USS Theodore Roosevelt Carrier Strike Group. That's big news in anyone's...

Continue Reading
Alif Semiconductor Unveils StartKit for Edge AI MCU Fam

Updated Category News Views 1

Here's some clarity amidst the storm of buzzwords: Alif Semiconductor has rolled out something the market's been howling for—Edge AI that doesn't break the bank. It's less about slick press releases and more about real-world implications. We're talking accessibility with their dirt-cheap, small-form-factor StartKit platform for Ensemble and Balletto microcontrollers....

Continue Reading
Illinois' Legal Tangle: Feds Under Fire?

Updated Category News Views 2

What a tangled web Illinois lawmakers have woven this time. They've gone and cooked up a pair of laws with a real knack for attracting attention—specifically from the folks over at the National Police Association (NPA). These aren’t your run-of-the-mill rules; they feel more like a blueprint for putting federal officers through the legal wringer and turning courtroom...

Continue Reading
Everpure Surges into the S&P 500: A Milestone Move

Updated Category News Views 9

Big Leagues Beckon: Everpure Enters the S&P 500 Another day, another dollar, but today ain't just any day for Everpure. They’re stepping up from the minor leagues and grabbing their spot in the illustrious S&P 500 lineup. We're talking about a milestone that every company dreams of, but few achieve—this ain't your regular Tuesday headline. Stock Market's Stamp of...

Continue Reading
Muscle Car Fever Revs Up in New Global TV Series

Updated Category News Views 1

Chasing the Dream on Wheels Amid the buzz of New York, there's a roar building up that's hard to ignore. It's a sound that echoes through time, capturing the imagination of petrol heads everywhere—those legendary American muscle cars are back in the limelight. I mean, who hasn't dreamt of launching down a highway in a '69 Ford Mustang? 'The Hunt for Rolling Treasure' is...

Continue Reading
IDX Expands, Enhances Team Amid 56% H1 Growth

Updated Category News Views 1

IDX's Aggressive Global Expansion Here's a tip from a trader who’s seen cycles rise and fall: watch the movers who're playing the long game, putting down roots worldwide while making headway in the data game. IDX has clearly mapped out this trajectory as evidenced by its recent grab in the global strategic communications ring. IDX's bustling around like a squirrel...

Continue Reading

Top 5 Most Recently Viewed Articles

Quadient and ScotRail Join Forces for Innovative Parcel Lockers

Updated Category News Views 305

Quadient Partners with ScotRail for Parcel Locker Deployment Quadient (Euronext Paris: QDT), a leading global automation platform revolutionizing secure and sustainable business connections, is excited to announce a recent partnership with ScotRail to roll out state-of-the-art parcel lockers across Scotland’s rail network. This collaboration aims to elevate passenger...

Continue Reading
Aviat Networks Expands Board with Scott Halliday's Expertise

Updated Category News Views 244

Scott Halliday Joins Aviat Networks Board of Directors Aviat Networks, Inc. (NASDAQ: AVNW), a leader in wireless transport and access solutions, has announced an exciting addition to its Board of Directors. Effective immediately, Scott Halliday will join the board, bringing with him a wealth of knowledge and extensive experience in financial audit and governance....

Continue Reading
Revolutionizing AP Automation with AI from Accounting Seed

Updated Category News Views 255

Transforming Accounts Payable with AI Innovations Accounting Seed, a top contender in the accounting software arena, has unveiled the impressive AI Invoice Capture feature. This newly developed tool is designed specifically to streamline the accounts payable (AP) process, using cutting-edge machine learning technologies to automate and enhance invoice management....

Continue Reading
MPCH Strengthens Digital Security Solutions with Consensys

Updated Category News Views 274

MPCH and Consensys Partnership Elevates Security Solutions MPCH, a prominent cybersecurity firm known for its innovative solutions in digital security and network infrastructure, has taken a significant step in bolstering the security of digital assets. The collaboration with Consensys, a leading name in blockchain and web3 software, marks a pivotal moment in enhancing...

Continue Reading
Discovering Luxury and Legacy at Lombok's The Sira Resort

Updated Category News Views 245

Experience the Splendor of Lombok at The Sira Resort The Sira, a Luxury Collection Resort & Spa, Lombok invites guests into a transformative journey through the rich traditions and stunning landscapes of Lombok. With its opening, the resort stands as a beacon of cultural and natural beauty, uniquely capturing the essence of this Indonesian island. Location and...

Continue Reading