. PLUS Products Launches Edibles Products into Nevada Adult-Use Cannabis Market
October 7, 2019 at 8:11 am
Published by NCV Newswire
SAN MATEO, Calif., Oct. 07, 2019 (GLOBE NEWSWIRE) â€” Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the â€śCompanyâ€ť or â€śPLUSâ€ť), a leading cannabis branded products company in the U.S, today announced the launch of its best-selling gummiesÂą into the Nevada market. The products are manufactured through the Companyâ€™s partnership with TapRoot Holdings Inc. (â€śTapRootâ€ť), a vertically integrated cannabis company operating cultivation and manufacturing facilities in Las Vegas, Nevada. Commercialization comes just four months after PLUS and Taproot entered into a definitive agreement.
PLUS expands with a successful product portfolio:
PLUS is the #1 cannabis gummies brand in California with 21% market share1. PLUS has launched in Nevada with its infused-gummies product line, which includes the #1 & #2 best-selling cannabis products in California across all categoriesÂą.
Nevada is a key market for building an internationally recognized brand:
Nevada surpassed retail sales expectations in its first year of adult-use sales, and sales are expected to surpass $1.2 billion by 20222. With over 45 million visitors a year from all over the world, Nevada is a key market to building an internationally recognized brand. As in California, edible products have continued to increase in popularity, growing from 14.5% of recreational sales beginning in Q3 2017 to 18% today3.
PLUS is leading manufacturing operations to maintain quality and consistency: