Plus: Completes Acquisition Of Baked Goods Brand

San Mateo / CA. (pbi) Plus Products Inc., the leading cannabis edibles brand in California, is pleased to announce that it has completed the acquisition of all the assets of California-based cannabis-infused baked goods brand «Good» Co-op Inc. pursuant to the terms of an asset purchase agreement among the Company, Plus Products Holdings Inc., «Good» and the «Good» securityholders’ agent. Under the terms of the agreement, the Company issued 357,464 subordinate voting shares to the shareholders and holders of simple agreements for future equity of «Good» at a valuation of approximately CAD 2.03 million. Of the 357,464 subordinate voting shares issued, 323,451 subordinate voting shares are subject to an earn-out.

«At Plus we believe in executing quickly and are pleased we were able to close the agreement promptly after announcing the planned acquisition,» said Jake Heimark, CEO of Plus. «I would like to thank the Plus team that worked diligently on the deal as well as the «Good» team, who we are excited to have on board.»

None of the securities to be issued pursuant to the Transaction have been or will be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and any securities issued pursuant to the Transaction were issued in reliance upon available exemptions from such registration requirements pursuant to Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act and applicable exemptions under state securities laws. In addition, the securities issued under an exemption from the registration requirements of the U.S. Securities Act are «restricted securities» as defined under Rule 144(a)(3) of the U.S. Securities Act and contain the appropriate restrictive legend as required under the U.S. Securities Act as well as under National Instrument 45-102.

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