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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) has received an Import License from the Canadian Food Inspection Agency, enabling it to import U.S.-manufactured plant-based products to Canada. This milestone enhances PlantX's distribution capabilities and strengthens its position as a leading provider of plant-based goods. The company aims to bridge the U.S. and Canadian markets, expanding access to vegan and vegetarian options. Additionally, PlantX granted stock options and restricted share units to its directors and employees as part of its incentive plans, reinforcing its commitment to growth.
PlantX Life Inc. (OTCQB: PLTXF) announced a collaboration with chef Anne Thornton to launch the new "PlantXReset" meal program. Inspired by Thornton's Plant Reset initiative, the program features five-day, plant-based meal plans designed for sustainable living. Initially available for delivery across Canada, with plans to expand to the U.S., the meals aim to improve well-being while reducing environmental impact. Each subscription includes 15 meals and donates meals to the L.A. homeless community. The partnership aligns with PlantX's mission to promote plant-based living and health.
PlantX (OTCQB: PLTXF) has announced that its Founder, Sean Dollinger, will participate in the Q1 Virtual Investor Summit from March 23-25, 2021. His presentation is scheduled for March 24th at 11:30 AM ET. The summit focuses on connecting small and microcap companies with investors, featuring over 100 companies and 300 investors. This event provides a platform for PlantX to showcase its comprehensive plant-based marketplace, which has been operational since February 2020, offering more than 5,000 items in diverse categories.
PlantX Life Inc. reported a remarkable 298% increase in gross revenue for Q3, totaling $1,832,484, compared to $459,982 in Q2. The cost of sales reached $1,465,879, producing a gross margin of 20%, up from 5.7% in the previous quarter. The company attributes this growth to expanded product offerings and strategic partnerships. The interim financial results for the three and nine months ended December 31, 2020, indicate a strong trajectory for the plant-based sector, emphasizing PlantX's position as a leader in this industry.
PlantX Life Inc. reported a remarkable 298% increase in revenue for Q3, reaching $1,832,484, up from $459,982 in Q2. The company achieved a gross margin of 20%, significantly improving from 5.7% in the previous quarter. This growth is attributed to expanded product offerings and strategic acquisitions. Key executives expressed confidence in the company’s potential in the plant-based market. Full financial statements are available on SEDAR.
On February 26, 2021, PlantX Life Inc. (OTCQB: PLTXF) held its annual meeting where shareholders elected new directors, including Alex Hoffman and Ralph Moxness. Incumbent Todd Shapiro did not seek re-election but will remain as a consultant. All other motions passed, including setting the board size to five and approving new stock option and share unit plans. PlantX, a leading platform for plant-based products in North America, continues to expand its offerings, aiming to improve access to plant-based living.
PlantX Life Inc. (OTCQB: PLTXF) announced a record gross revenue of $1,089,502 for January 2021, surpassing December 2020's revenue of $1,029,883. Despite expectations of slower e-commerce sales post-holiday season, the company's performance highlights continued growth in the plant-based marketplace, driven by successful marketing and innovative partnerships. CEO Julia Frank expressed optimism about future growth opportunities. These financial results are management-prepared and not yet audited.
PlantX Life Inc. has announced a collaboration with Farm Cup Coffee to showcase its houseplants at the coffee shop's new location in West Hollywood, California. This partnership aims to enhance PlantX's brand visibility and promote healthy lifestyles in alignment with both companies' sustainability values. The collaboration will allow customers to access PlantX's diverse indoor plant collection while enjoying ethically sourced coffee.
PlantX Life Inc. (OTCQB: PLTXF) expands its indoor plant subscription platform, Bloombox Club, to Germany. This follows the company's acquisition of Bloombox Club in November 2020. The German launch will feature the same offerings as in the UK, including a wide selection of indoor plants and care packages. Founder Dr. Katie Cooper expressed optimism about the German market, noting existing supply chains will facilitate this expansion. With over 55,000 plants delivered in the UK and a strong customer rating, the growth emphasizes PlantX’s commitment to sustainable living.
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