PLUS™ Announces DTC Eligibility for the U.S. Market
SAN MATEO, Calif., March 08, 2019 (GLOBE NEWSWIRE) -- PLUS Products Inc. (“PLUS™” or the “Company”) (CSE:PLUS) (OTCQB:PLPRF), a cannabis branded product manufacturer dedicated to making cannabis safe and approachable, is pleased to announce it has secured eligibility by The Depository Trust Company (DTC) for its shares on the OTC.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits shares of PLUS Products to be distributed, settled and serviced through DTC’s automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities. DTC services provide cost benefits for investors and brokers trading Canadian securities in the United States.
Jake Heimark, co-founder & CEO of PLUS Products, stated,
We are pleased to have been cleared for eligibility on the DTC. This eligibility offers our U.S. institutional and retail investors an expedient and trustworthy platform on which to trade our stock and increases share liquidity in all public markets in which we trade
PLUS Products creates safe and delicious cannabis food products. Founded by a chef from a Michelin Star restaurant, Ivy League chemist and food manufacturing experts, PLUS’s mission is to make cannabis safe and approachable - that starts with high-quality products that deliver consistent experiences. The gummies are manufactured at PLUS’s own factory in Adelanto, CA, where dosage is tested twice internally and then tested twice again by an independent lab. PLUS is headquartered in San Mateo, CA with 60 employees.
For further information contact:
Director of Investor Relations
Tel +1 650.223.5478
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.