Plus Products, a Palo Alto, CA-based cannabis infused products manufacturer, closed approximately $6M in Series B financing.
The round was led by Serruya Private Equity Partners (SPE) and Navy Capital Green Fund LP.
The company intends to use the funds for rapid production capacity expansion, factory automation, working capital, and new product development.
Led by Jake Heimark, CEO and cofounder, Plus Products is a cannabis-infused products manufacturer which received a temporary manufacturing license in California and brings fully compliant products to the legal market.
The team continues to focus on producing branded cannabis products that are compliant with state laws. In addition to its established lines, the company has already begun launching limited edition products including Valentine’s day themed Rose & Vanilla gummies, which were available at select locations of the company’s 200+ dispensaries and delivery service partners.
All products under the PLUSTM brand are produced in the company’s dedicated food-safe cannabis manufacturing facility in Adelanto, California.