JIVA TECHNOLOGIES INC - PLTXF STOCK NEWS

PlantX Life Inc. has completed its acquisition of MK Cuisine Global LLC's Plant-Based Deli for US$1,569,999, comprising US$470,999.70 in cash and 2,515,983 shares. This acquisition aims to rebrand all PlantX stores as New Deli by PlantX, enhancing brand awareness. The company plans to leverage MKC's operational strengths while focusing on e-commerce growth. The deal is expected to bolster PlantX's expansion strategy as they aim to connect their physical presence with their digital platform, offering over 10,000 plant-based products.

PlantX Life Inc. (CSE: VEGA) has announced its launch as a seller on Hudson's Bay Marketplace, providing a variety of plant-based products. Currently, customers can find indoor house plants, Nootka & Sea cosmetics, and plant-based pet food from brands like Benevo and Evolution Diet. PlantX aims to expand its offerings to over 2,000 products on the platform. CEO Julia Frank expressed optimism about this partnership, highlighting its potential impact on business growth.

PlantX Life Inc. (OTCQB: PLTXF) announced the opening of a new 3,000-square-foot warehouse in Squamish, British Columbia, aimed at enhancing its supply chain for indoor plants across Canada. This facility is part of the company's strategy to meet rising consumer demand in the growing indoor plant market, projected to hit USD 7,267 million by 2026. The warehouse will be co-managed with Nootka & Sea, ensuring optimal plant care. Additionally, the company reported impressive financials from its subsidiary, Bloombox Club, with Q1 2021 revenues up 273% year-over-year.

PlantX Life Inc. (OTCQB: PLTXF) announced the acquisition of Matthew Kenney Cuisine Global LLC's Plant-Based Deli, LLC, located in Venice Beach, California, for US$1,569,999. This acquisition aims to enhance PlantX's expansion into brick-and-mortar retail and e-commerce across North America. New Deli, known for its diverse plant-based offerings, reported significant growth, including a 1.75x increase in gross revenue year-over-year. This strategic move is expected to strengthen PlantX's market position and align with its mission of promoting plant-based living.

PlantX Life Inc. has opened its first Canadian brick-and-mortar store, the Squamish Flagship Location, in Squamish, BC. This 1,700 square feet retail space will offer a selection of curated grocery and wellness items from popular plant-based brands, as well as an educational center focusing on a plant-based lifestyle. Following its acquisition of PlantX Living Squamish Inc., the company reported significant month-over-month revenue growth, with revenues of $153,625 in January 2021, climbing to $188,059 in March 2021. The store aims to enhance public engagement and promote plant-based education.

PlantX Life Inc. (OTCQB: PLTXF) has announced a new audio broadcast titled, “Cooking Up a Winning Recipe to Capitalize on $74 Billion Plant-Based Food Market.” The plant-based food market is projected to grow at a CAGR of 11.9%, reaching $74.2 billion by 2027. The company emphasizes the importance of partnerships across various sectors like culinary, e-commerce, and nutrition to enhance market adoption. PlantX differentiates itself from competitors by offering over 10,000 plant-based products, aiming to build a community and provide education around plant-based lifestyles.

PlantX Life Inc. (OTCQB: PLTXF) announced its feature in an editorial by NetworkNewsWire, highlighting the growing $74 billion plant-based food market. The rise of plant-based diets reflects a lifestyle choice linked to health and sustainability. The company positions itself as the digital hub for plant-based living, offering over 10,000 products and plans to expand into cosmetics, clothing, and beverages. Its mission focuses on supporting a community dedicated to healthy living and environmental values. For more details, visit Investor.PlantX.com.

PlantX Life Inc. reported record monthly gross revenues of $2,042,450 for April 2021, marking a 30% increase from March and an 87% increase from January 2021. The Cost of Goods Sold for the month was $1,639,568. This growth is attributed to strategic marketing and innovative partnerships, notably with tennis champion Venus Williams and vegan chef Matthew Kenney. PlantX aims to diversify further by expanding its product lines to include cosmetics and clothing, targeting a run rate of over $24M in the coming year.

PlantX Life Inc. (OTCQB: PLTXF) has successfully completed the acquisition of Little West LLC, a California-based cold-pressed juice company. This acquisition aims to enhance PlantX's e-commerce capabilities while leveraging Little West's expertise in the juice market to facilitate growth in the North American market. Little West's founders will continue to manage operations, ensuring brand integrity. This strategic move is anticipated to boost sales and brand visibility across the U.S. and Canada.