Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis- and hemp-branded products company, announced that it has filed an early warning report on behalf of Matt Schmidt in accordance with the National Instrument 62-103. The report contains information regarding Schmidt’s holdings in the company, specifically regarding the acquisition of class B common shares that were issued pursuant to restricted stock units. According to the announcement, Schmidt now owns 25,100,000 class B subordinate voting shares and 100 common shares, which represents 100% of the issued and outstanding class B subordinate voting shares. “Mr. Schmidt’s effective economic and voting interests in the company are equivalent to the 125,700 common shares, which his class B subordinate voting shares are convertible into on a 200-to-1 basis (and including his current common share holdings), representing a 0.26% interest in the overall voting shares of the Issuer,” the press release stated.“Further, Mr. Schmidt has previously entered into an agreement with the company such that in the case of any shareholder action that would entitle holders of class B subordinate voting shares to vote as a separate class or series, and the requisite majority of holders of common shares have approved such action, Mr. Schmidt will: (a) vote all of his class B subordinate voting shares in favor of such shareholder action and (b) execute and deliver all resolutions, consents and other instruments, related to his class B subordinate voting share holdings, in favor of such shareholder action.”
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About Plus Products Inc.
PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable — that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, California. For more information about the company, please visit www.PlusProductscbd.com.
NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://ibn.fm/PLPRF
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