SAN MATEO, Calif., June 01, 2020 (GLOBE NEWSWIRE) — Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the “Company” or “PLUS”), a cannabis and hemp branded products company in California, today announced the return of its best-selling1 limited edition Rainbow Sherbet cannabis-infused gummies for Pride 2020. As part of its commitment to strengthening and supporting the communities in which it operates and sells products, the Company is collaborating with the SF Queer Nightlife Fund (the “SF QNF”) to donate $1 per tin sold to provide direct financial relief to workers in queer nightlife in San Francisco who have been affected by the COVID-19 pandemic.
“The spirit of Pride is celebrating the LGBTQ community, and with social distancing measures in place, staying connected to our communities is more important than ever. Celebrating Pride is a tradition we’ve enjoyed participating in for the past few years,” said Jake Heimark, CEO and Co-Founder of PLUS. “This year, in light of the COVID-19 pandemic, PLUS sought an opportunity to focus our impact on those within the LGBTQ community disproportionately affected by the financial hardships the pandemic has caused as we all shelter in place here in California. Nightlife is center stage for queer culture, history, and the continued advancement for LGBTQ rights in our country. People working to keep this integral part of queer life empowered and vibrant have suddenly found themselves out of work. The SF QNF has stepped in to help the most vulnerable members of their community in a time of great need.”Through their virtual Sunday afternoon dance parties and other online events, the SF Queer Nightlife Fund has rallied the community around the cause of supporting one another through this difficult time. “The San Francisco Bay Area is world-renowned for its queer nightlife. Queer nightlife is integral to the arts and cultural diversity our area has come to represent, and it provides a safe space for diverse and creative self-expression. Those who work in queer nightlife are the heart and soul staffing the venues, events, and entertainment that keep us connected and a true community. I wanted to be involved in starting this fund to address the struggle of those who make the magic of nightlife happen—to address their own individual needs and to secure the endurance of queer nightlife in the Bay Area,” says Phil Hammack, Founder and Chair of the Steering Committee of the SF QNF.Limited Edition: Rainbow Sherbet GummiesPLUS Rainbow Sherbet gummies are made with an uplifting blend of cannabinoids and contain 5mg of THC in each precisely dosed gummy. Rainbow Sherbet gummies are available for a limited time across select licensed retailers and cannabis delivery platforms throughout California.“This will be the third year we have had the opportunity to partner with a local organization during pride month, and we have always been thrilled with the support we have seen for the product,” stated Mr. Heimark. “Last year we sold over 60,000 units and are looking forward to giving that record a run for its money this year.”(1) According to PLUS wholesale data, Rainbow Sherbet gummies have been the Company’s best-selling limited edition productAvailabilityCalifornia THC: PLUS cannabis-infused edibles are currently available in over 360 licensed retailers across the state of California. PLUS CBD Relief cannabis-infused gummies are currently available in over 175 licensed retailers across the state of California.Nevada THC: PLUS cannabis-infused gummies are available in licensed retailers across Las Vegas, including all three MedMen locations and Planet 13.National Hemp CBD: PLUS 100% Hemp CBD-infused gummies are available for purchase in 43 states across the country at plusproducts.com.About PLUSPLUS 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.comInvestors:Blake Brennan
Investor Relations
Blake@plusproducts.comTel +1 213.282.6987Media:Megan Sekkas
Public Relations
megan@sekkas.com
Tel +310.279.6811The 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: the extent to which, if at all, the Company will be able to give the record for Rainbow Sherbet gummies sales a run for its money.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 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/e347c08a-eeb1-4c19-816a-eb9844f23b81
Bay Street News