NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Completes Debt Transaction
Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in California, this morning announced the completion of the debt transaction previously announced by Plus on September 11 concerning the issuance of units consisting of subordinate voting shares and warrants in exchange for the settlement of certain debt. In accordance with an escrow agreement ancillary to the debt transaction, 50% of the issued shares will be held in escrow until specific conditions detailed in the agreement are met. Per the previous announcement regarding the transaction, all securities issued are subject to a statutory four-month hold period.
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