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Hot Stocks
Plus Products completes non-dilutive share exchange, updates share structure » 07:58
06/29/20
06/29
07:58
06/29/20
07:58
PLPRF

Plus Products

$0.00 /

+ (+0.00%)

Plus Products announced…

Plus Products announced the completion of a non-dilutive share exchange transaction, under which an existing shareholder of the Company exchanged 75,500 Common Shares for 15,100,000 newly created Class B Common Shares, on the basis of 200 Class B Subordinate Voting Shares for each Common Share. The aggregate value of the exchanged Common Shares was equivalent to the aggregate value of the newly issued Class B Subordinate Voting Shares. In aggregate, the 15,100,000 Class B Subordinate Voting Shares represent the same economic and voting rights as the 75,500 Common Shares for which they were exchanged. The Transaction will not adversely impact the economic or voting rights of current holders of Common Shares. The shareholders of the Company authorized the creation of Class B Subordinate Voting Shares by special resolution of the shareholders at the 2020 Annual General & Special Meeting held on June 15, 2020. With the creation of the Class B Subordinate Voting Shares, the Company's authorized capital consists of the following: Common Shares: Common Shares are sometimes referred to as the "Subordinated Voting Shares", and are publicly traded on the CSE and OTCQX. Each Common Share represents one vote per share at meetings of the shareholders of the Company and distributions and dividends of the Company are made pro rata based on the number of issued and outstanding Common Shares, on an as converted basis. Class A Common Shares: Class A Common Shares are sometimes referred to as the "Proportionate Voting Shares". Subject to certain restrictions, each Proportionate Voting Share is convertible into 100 Common Shares, and holders are entitled to vote and participate in economic rights, on an as converted basis, with Common Shares. Class B Common Shares: Class B Common Shares are sometimes referred to as the "Class B Subordinate Voting Shares". Subject to certain restrictions, each Class B Subordinate Voting Share is convertible into 1/200 of one Common Share, and holders are entitled to vote and participate in economic rights, on an as converted basis, with Common Shares. The Transaction was completed on a private placement basis pursuant to a share exchange agreement between the Company and Matt Schmidt, a Non-Executive Director of the Company. Mr. Schmidt owned 75,600 Common Shares, representing 0.17% of the Company's 43,288,460 issued and outstanding Common Shares, on an as-converted basis. Under the share exchange agreement, Mr. Schmidt exchanged 75,500 Common Shares for 15,100,000 Class B Subordinate Voting Shares, which are convertible into 75,500 Common Shares, subject to certain conversion limitations set forth in the Company's articles. Mr. Schmidt's voting and economic interest in the Company following the Transaction remains at 0.17% of the Company's issued and outstanding Common Shares, on an as-converted basis. The Transaction is exempt from the issuer bid requirements under applicable securities legislation due to the fact that Mr. Schmidt is a director of the Company, the value of the consideration for the Class B Subordinate Voting Shares acquired is not greater than the market price determined in accordance with applicable legislation and the aggregate number of Common Shares acquired by the Company does not exceed 5% of the outstanding Common Shares. The Transaction was structured, in part, to preserve the Company's status as a "foreign private issuer" under Rule 3b-4 of the Securities Exchange Act of 1934, as amended.

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PLPRF Plus Products
$0.00 /

+ (+0.00%)

PLPRF Plus Products
$0.00 /

+ (+0.00%)

06/01/20 Canaccord
Plus Products price target raised to C$1.50 from C$1.00 at Canaccord
Hot Stocks
Plus Products launches PLUS CBDRelief 1:1 product » 07:38
06/25/20
06/25
07:38
06/25/20
07:38
PLPRF

Plus Products

$0.00 /

+ (+0.00%)

Plus Products announced…

Plus Products announced the expansion of its recently launched wellness and relief brand, PLUS CBDRelief, with the introduction of a new Pomegranate 1:1 CBD to THC ratio product. The new PLUS CBDRelief 1:1 Pomegranate gummy, with 5mg of THC and 5mg of CBD per serving, is made with real California pomegranates, which contain ellagitannins, unique antioxidants found in pomegranates that are associated with anti-inflammatory pathways.3 The new product joins the initial PLUS CBDRelief lineup, which includes a 9:1 Tropical Mango gummy with 9mg of CBD and 1mg of THC per serving, and an 18:1 Tart Cherry gummy with 18mg of CBD and 1mg of THC per serving. PLUS CBDRelief 1:1 Pomegranate gummies are expected to be available at licensed retailers across California.

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PLPRF Plus Products
$0.00 /

+ (+0.00%)

PLPRF Plus Products
$0.00 /

+ (+0.00%)

06/01/20 Canaccord
Plus Products price target raised to C$1.50 from C$1.00 at Canaccord
Hot Stocks
Plus Products CFO John Paul to retire » 07:48
06/09/20
06/09
07:48
06/09/20
07:48
PLPRF

Plus Products

$0.00 /

+ (+0.00%)

Plus Products announced…

Plus Products announced that the Company's CFO, Jon Paul, will be retiring at the end of this month, and current VP of Finance, Nate Pearson, has been identified as his successor. Following his retirement, Mr. Paul will continue in an advisory role to ensure a smooth transition to Mr. Pearson, who is expected to be officially appointed on or around July 1, 2020.

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PLPRF Plus Products
$0.00 /

+ (+0.00%)

PLPRF Plus Products
$0.00 /

+ (+0.00%)

06/01/20 Canaccord
Plus Products price target raised to C$1.50 from C$1.00 at Canaccord
Over a month ago
Recommendations
Plus Products price target raised to C$1.50 from C$1.00 at Canaccord » 12:22
06/01/20
06/01
12:22
06/01/20
12:22
PLPRF

Plus Products

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+ (+0.00%)

Canaccord analyst Robert…

Canaccord analyst Robert Burleson raised the firm's price target on Plus Products to C$1.50 from C$1.00 and keeps a Speculative Buy rating on the shares.

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PLPRF Plus Products
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Hot Stocks
Plus Products re-launches limited edition gummies for Pride 2020 » 07:34
06/01/20
06/01
07:34
06/01/20
07:34
PLPRF

Plus Products

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+ (+0.00%)

Plus Products announced…

Plus Products announced the return of its 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 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. PLUS Rainbow Sherbet gummies are made with an 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.

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PLPRF Plus Products
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Over a quarter ago
Hot Stocks
Plus Products expects to launch third brand before the end of Q2 » 07:43
03/19/20
03/19
07:43
03/19/20
07:43
PLPRF

Plus Products

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+ (+0.00%)

The company said,…

The company said, "PLUS has built one of the most successful brands in the world's largest cannabis market. Just recently, we launched a second brand, PLUS CBDRelief, which targets a large segment of underserved consumers whom we believe are looking for high quality, precisely-dosed edibles to find relief. Moving ahead we intend to build a strong portfolio of edibles brands, leveraging our core capabilities in markets where we have established distribution channels and a dedicated customer base.Our portfolio currently consists of two brands. We expect to launch a third before the end of Q2. We believe that we have a clear path to achieving our three critical objectives set forth above. If we do, there will be few, if any, companies better positioned to build a global portfolio of cannabis brands. And while these are uncertain times, we know that we will emerge from this moment in time together. I look forward to updating our shareholders further upon the release of our 2019 Audited Financials, currently scheduled for the week of April 20."

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PLPRF Plus Products
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+ (+0.00%)

03/20/19 Canaccord
Canaccord starts legal edibles player Plus Products with Speculative Buy
Hot Stocks
Plus Products announces employee equity incentivization restructure » 07:42
03/19/20
03/19
07:42
03/19/20
07:42
PLPRF

Plus Products

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+ (+0.00%)

The company said,…

The company said, "We operate in a market that has seen industry indices lose 75% of their value since our Initial Public Offering a year-and-a-half ago. This market environment creates a challenge in talent retention for public and private companies alike. We believe that we have recruited and retained an incredible team here at PLUS. As we face a crucial year for our organization, it is important that our employees are highly motivated to increase sales and market share while pursuing profitability. To help ensure that this objective is met, we are restructuring certain previously granted equity incentives. The restructuring process will involve a forfeiture and, following the lapse of all statutory waiting periods, subsequent issuance of new awards to employees holding equity incentives that have been impacted by the market movements. All of which will be conducted in accordance with the terms of PLUS's Equity Incentive Plan. PLUS, along with our Board of Directors, has taken many steps to structure a good-faith plan consistent with our Equity Incentive Plan mandate to "promote the interests of the Company and its shareholders by aiding the Company in attracting and retaining employees." Key elements of this equity incentive restructure include the following: No member of the Board of Directors, including the Chief Executive Officer, will be eligible for participation in the restructuring effort. Equity incentives awarded to executive officers as a part of this restructuring will total 6% of the equity incentives issued as a part of this effort and 1% of the total Equity Incentive Plan pool. The equity incentives issued following the proposed forfeiture will not exceed 65% of the total forfeited equity incentives. 50% of the equity incentives issued following the proposed forfeiture will be subject to performance targets tied to PLUS's revenue growth and profitability. Following the equity incentive restructure and issuances in exchange for salary reductions of the PLUS executive management team discussed above, the total equity incentives issued and outstanding from the Equity Incentive Plan will be equivalent to 7.5% of the outstanding shares of the Company. This accounts for one-half of the 15% available to be awarded under the terms of the Equity Incentive Plan. We firmly believe this equity incentive restructuring plan is in the best interest of our current shareholders, and will ensure that existing and future employees of PLUS are properly incentivized and aligned with all of the Company's stakeholders."

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PLPRF Plus Products
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+ (+0.00%)

03/20/19 Canaccord
Canaccord starts legal edibles player Plus Products with Speculative Buy
Hot Stocks
Plus Products says concluded engagement with John Legend » 07:40
03/19/20
03/19
07:40
03/19/20
07:40
PLPRF

Plus Products

$0.00 /

+ (+0.00%)

PLUS and John Legend have…

PLUS and John Legend have concluded their engagement. The company said, "We would like to thank Mr. Legend for the part he played in helping to bring the PLUS Hemp CBD line to the country. The conclusion of the engagement resulted in the cancellation and return to treasury of 159,235 subordinate voting shares that were held in escrow."

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PLPRF Plus Products
$0.00 /

+ (+0.00%)

03/20/19 Canaccord
Canaccord starts legal edibles player Plus Products with Speculative Buy
Hot Stocks
Plus Products says CRO Marc Seguin to depart  07:40
03/19/20
03/19
07:40
03/19/20
07:40
PLPRF

Plus Products

$0.00 /

+ (+0.00%)

 
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PLPRF Plus Products
$0.00 /

+ (+0.00%)

03/20/19 Canaccord
Canaccord starts legal edibles player Plus Products with Speculative Buy
Hot Stocks
Plus Products says three executive officers agreed to salary reductions » 07:39
03/19/20
03/19
07:39
03/19/20
07:39
PLPRF

Plus Products

$0.00 /

+ (+0.00%)

Three of the…

Three of the Company's executive officers have agreed to salary reductions ranging from 20% to 50% in exchange for options that will be issued following the lapse of the current executive financial blackout period.

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PLPRF Plus Products
$0.00 /

+ (+0.00%)

03/20/19 Canaccord
Canaccord starts legal edibles player Plus Products with Speculative Buy

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