Palo Alto, CA-based Plus, maker of cannabis-infused products since 2016, announced today the closing of its Series A financing totaling $2 million of preferred stock. The financing was led by Green Opportunity Funds (TGOF). Matt Schmidt of TGOF will join its Board of Directors.
Plus will use the proceeds for general corporate purposes and to automate its production line.
Plus introduced Plus Gum on 2016 and soon after introduced Plus Gummies. They have a patent pending process to reduce the taste and smell of cannabis in their products.
Source: Plus Press Release