Plus Products Inc (OTCMKTS:PLPRF) unveiled innovative PLUS SLEEP branded products in California on September 3, 2020, for adult-use. Its key ingredients include CBD, CBN, THC, and a little melatonin to promote sound sleep for the entire night. Each gummy comprises 5 calories, 0.7g of sugar, and all-natural flavors and colors.
Sleep Cloudberry and CBNRelief Lychee
Plus Products offers Plus Sleep products in two versions, namely CBNRelief Lychee and Sleep Cloudberry. Key ingredients in CBNRelief Lychee are 2mg of CBN, 1mg of THC, and 3mg of CBD. Sleep Cloudberry consists of ingredients such as 1 mg of CBD, 1mg of CBN, and 5 mg of THC.
Plus Products developed these innovative products with a perfect blend of melatonin and cannabinoids to help sleep quickly and enjoy a full night rest. The company unveiled these new sleep products after proven research on the link between the endocannabinoid system, cannabis, and the human body’s natural circadian rhythm.
Carefully selected cannabinoids in each sleep product
CSO of Plus Products, Dr. Ari Mackler, said the company selected each cannabinoid carefully to promote sound sleep. It also added melatonin for supporting the circadian rhythm.
CEO of Plus Products, Jake Heimark, said its sleep products offer a great opportunity to enjoy sound sleep for those who are not satisfied with the market’s remedies. According to recent statistics, around 50 million Americans are deprived of a sound sleep because of insomnia.
According to BDS analytics, the CBD gummies offered by Plus Products are the top-selling products in California in 2019. The licensed retailers in Las Vegas engage in the sale of PLUS cannabis-infused gummies.
Posts solid growth
Plus Products reported a growth of 21% YoY to $4.3 million in Q2 2020. The company is posting a solid growth continuously on the backdrop of contribution from new product launches and core operations in California’s adult-use market. It also earns revenues from the hemp CBD line nationwide and the adult-use market in Nevada.
The gross profits of Plus Products increased to $1.6 million in Q2 2020. Its operating losses improved by 71% YoY to $1.4 million in Q2 2020. The company’s cash equivalents and cash balance declined by $1.1 million to $13 million in Q2 2020.