JIVA Tech - PLTXF STOCK NEWS

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.

On April 30, 2021, PlantX Life Inc. (OTCQB: PLTXF) announced its acquisition of Little West LLC, a California-based cold-pressed juice company, aimed at expanding its market presence in the U.S. and beyond. With a purchase price involving 6,703,158 PlantX shares and potential earn-out considerations tied to financial milestones, the acquisition is projected to enhance PlantX's e-commerce and distribution channels. The cold-pressed juice market is forecasted to reach $6.3 billion by 2025, with PlantX anticipating synergies that align with its commitment to health and sustainability.

PlantX Life Inc. (OTCQB: PLTXF) has launched PlantXpress, a membership program costing $24.95 per month or $199.95 annually. This membership provides benefits such as free shipping on orders over $49.95, a 5% discount on purchases, and exclusive access to events and promotions. The initiative aims to enhance customer experience and satisfaction. PlantX Life Inc. operates as a digital platform for the plant-based community, offering over 10,000 products and plans to expand its range.

PlantX Life Inc. (OTCQB: PLTXF) announces a partnership with tennis champion Venus Williams, who will serve as the Company’s ambassador. Williams, a proponent of plant-based living since discovering it for health reasons, will advocate for PlantX’s mission and promote its products, including her brand Happy Viking. The partnership aims to raise awareness around plant-based lifestyles, leveraging Williams’ influence to curate a selection of favorite products on PlantX’s platform. PlantX offers over 10,000 plant-based products and plans to expand into new categories.

PlantX Life Inc. (OTCQB: PLTXF) announced its agreement to launch over 2000 products on Hudson's Bay Marketplace. The product range includes plant-based pantry items, cosmetics, and indoor plants, catering to millions of Canadian customers. PlantX will manage inventory, shipping, and customer service, benefiting from Hudson's Bay's digital marketing strategies. CEO Julia Frank highlighted the partnership's potential to enhance brand awareness.

PlantX aims to expand its presence in the plant-based market, also offering meal deliveries and plans to evolve its product lines further.

PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) announced a broadcast titled, 'Plant-Based Foods Here to Stay,' highlighting the significant investment in the plant-based sector. In Q1 2020, U.S. plant-based food companies attracted $741 million, indicating strong market potential. PlantX is strategically positioned at the intersection of plant-based products and e-commerce, offering over 10,000 plant-based items. The company plans to expand its offerings into cosmetics, clothing, and water, while also fostering a community focused on plant-based living. The digital platform it operates promotes education and engagement among consumers.

PlantX Life Inc. (OTCQB: PLTXF) has been featured in an editorial by NetworkNewsWire, highlighting the ongoing demand for plant-based foods. The market for these products has increased over 33-fold in 15 years, driven by sustainable consumer preferences. PlantX positions itself at the intersection of plant-based goods, e-commerce, and consumer packaged goods, aiming to be a leading digital platform for plant-based consumers. The company offers over 10,000 products and plans to expand into cosmetics and clothing, further solidifying its market presence.

PlantX Life Inc. (OTCQB: PLTXF) announced the introduction of refrigerated and frozen goods to its online grocery platform, expanding its product line significantly. This addition features various plant-based brands like Beyond Meat and Impossible Foods, enhancing its offerings for North American customers. The company has partnered with a logistics provider to ensure efficient delivery. CEO Julia Frank expressed enthusiasm for this development, positioning PlantX as a comprehensive plant-based shopping destination. Products will begin shipping to Canadian customers later this year.