Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) (the “Company” or “PLUS”), a leading cannabis branded products company in California, today announced that it has entered into an agreement with a certain arm’s length party with respect to the settlement of USD$1,044,806.03 owing or to be owing to such creditor by the Company for services rendered. Pursuant to the agreement, as payment in full of such amount, the Company has agreed to issue to the creditor, or an assignee of the creditor, 318,471 units (the “Units”) of the Company at a deemed price of CAD$4.32 per Unit. Each Unit consists of one subordinate voting share in the capital of the Company (a “Share”) and one warrant (a “Warrant”), with each Warrant entitling the holder to subscribe for one additional Share at a price of CAD$4.32 per Share until the date that is five years from the date of grant. All securities issued will be subject to a statutory four-month hold period. The completion of the transaction, including the issuance of the Units, is subject to a number of conditions as set out in the agreement.