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PlantX Life Inc. is a leading digital platform for plant-based products, serving as a one-stop shop for consumers across North America. With over 5,000 plant-based products and verticals, PlantX offers a diverse range of sustainable and cruelty-free options, including a successful line of plant-based pizzas, deep dish pizzas, and vegan essentials. The company's commitment to innovation and sustainability is evident in its partnerships and impressive monthly revenue growth. PlantX aims to make plant-based living accessible, enjoyable, and beneficial for all consumers, fostering a community of like-minded individuals seeking healthier, happier lifestyles.
PlantX Life Inc. (OTCQB: PLTXF) announced the launch of two new XMarket stores within Hudson's Bay locations, set to open in Toronto on November 15, 2021, and Ottawa on November 22, 2021. These stores will feature a range of plant-based products, cosmetics, and an XMarket café in the Rideau location. This partnership enhances financial efficiency and brand recognition, while facilitating same-day deliveries in Toronto and Ottawa, potentially boosting sales and customer engagement.
PlantX Life Inc. announced that its subsidiary, Bloombox Club, has expanded its indoor plant delivery services to Canada. The launch includes a new website, bloomboxclub.ca, offering a variety of indoor plants, care packages, and accessories. Bloombox Club has successfully delivered over 100,000 plants to customers in the UK and Germany. This Canadian expansion aims to complement PlantX's existing offerings and enhance access to plant products for consumers.
PlantX Life Inc. (OTCQB: PLTXF) announces the grand opening event of its XMarket store in Squamish, British Columbia, on October 14. The event will highlight local plant-based brands, including Beyond Meat, and aims to engage the community with product sampling and educational experiences. The flagship location, which started operations in May 2021, was delayed in celebrating its launch due to COVID-related issues. The opening will include a storewide sale, tastings, and promotional offers, with an estimated attendance of over 250 people.
PlantX Life Inc. (OTCQB: PLTXF) has announced its application to uplist its common shares to the Toronto Stock Exchange (TSX), aiming to enhance capital market access. The decision reflects a strategic move to boost brand visibility and trading activity. However, the uplisting is subject to TSX approval, and no guarantee of completion has been provided. The company continues to operate on the Canadian Securities Exchange under the symbol 'VEGA' and further plans to expand its product lines, including cosmetics and beverages.
PlantX Life Inc. (OTCQB: PLTXF) has launched its products on Walmart Marketplace in the United States, expanding its presence beyond Canada. The company offers over 500 plant-based grocery items from brands like Oatly and Nature's Path. CEO Lorne Rapkin emphasized the benefits of targeting Walmart's extensive customer base while maintaining control over their operations. This launch is seen as a strategic move to solidify PlantX's leadership in the growing plant-based market.
PlantX Life Inc. (OTCQB: PLTXF) provided a corporate update outlining significant developments as of September 16, 2021. The Company acquired MK Cuisine Global LLC's Plant-Based Deli, boosting product offerings to over 500 items. It is rebranding stores to 'XMarket,' with upcoming locations in San Diego and Tel Aviv. A grand opening event is scheduled for October 14, 2021, in Squamish, highlighting new product additions and community engagement. Additionally, PlantX granted 120,000 stock options and 2,880,000 restricted share units to employees, enhancing team incentives.
PlantX Life Inc. (OTCQB: PLTXF) is set to launch its products on the Amazon Marketplace for both Canadian and U.S. online stores. This move will enable PlantX to leverage Amazon's fulfillment infrastructure and extensive customer service network to sell its plant-based products. CEO Lorne Rapkin highlighted the opportunity to enhance brand access, while Founder Sean Dollinger expressed excitement about adding private label products on this platform. The company aims to build a robust community around plant-based living with over 5,000 products and plans for further expansion.
PlantX Life announces a normal course issuer bid (NCIB) to buy back up to 6,071,757 common shares, roughly 5% of its outstanding shares. This buyback, starting September 15, 2021, reflects the Company's belief that its shares are undervalued. The shares will be acquired at market price for cancellation, enhancing shareholder value. Executive Chairman Fred Leigh also plans to purchase 5% of shares in the open market.
PlantX Life Inc. (OTCQB: PLTXF) announces the appointment of Fred Leigh as Executive Chairman of the Board, effective immediately. Mr. Leigh brings over 40 years of capital markets experience and has played key roles in establishing public companies. His appointment follows the dissolution of the previous Advisory Board, aimed at consolidating leadership and achieving cost savings. This strategic move aims to enhance the Company's governance and direction, especially in plant-based products, which include over 10,000 offerings across North America.
PlantX Life Inc. (OTCQB: PLTXF) has launched a redesigned Canadian website hosted on Shopify, enhancing its user experience with modern design and improved functionality. The platform aims to strengthen community engagement and increase customer satisfaction. CEO Lorne Rapkin highlighted that this investment will improve business effectiveness by focusing on plant-based products. The company plans to launch a U.S. version later this year, reinforcing its commitment to expanding its reach in the plant-based market.
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