- Plus Products has the right – but no obligation – to buy Emerald Bay Wellness and the business assets of Emerald Bay Extracts
- Emerald Bay Extracts has been one of Plus Products’ largest suppliers for the past year
- If the option is exercised, PLUS will reap the benefits of vertical integration and directly interact with the cannabis plant
Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), manufacturer and marketer of cannabis food products, has purchased an option to buy California-based cannabis oil manufacturer Emerald Bay Wellness LLC and the business assets of Emerald Bay Extracts. The option specifies cash and stock consideration for PLUS to acquire one of its largest cannabis oil suppliers and a supply partner for more than a year (http://nnw.fm/atAg9).
In consideration for the option, PLUS intends to deliver a $400,000 secured loan to Emerald Bay Extracts. If the acquisition option is exercised, terms call for the issuance of approximately 1.2 million subordinate voting shares of PLUS and...
NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://nnw.fm/PLPRF
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