New Cannabis Venture shared that Plus Products, a California-based cannabis company has locked in $6 million in financing. The money will be used to increase the productivity of the company’s current lines of edibles. One of the first companies in California to bring edibles to the recreational market, their current 12,000 square foot facility was designed specifically for food production.
Edibles compile 18% of California’s recreational cannabis sales. They are leveraging the increase in edible sales as a platform to release specialized products. For Valentine’s day, they released Rose and Vanilla gummies. In order to compete in California’s growing edible market, all of their products are handcrafted with high-quality ingredients.
This is an exciting time in the California edible industry. RMR will continue to share updates.