JIVA Tech - PLTXF STOCK NEWS

PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) has announced significant developments for its online indoor plant subscription company, BloomBox Club. The company's fulfillment partner, Flora, has been acquired by Bloomique, a Netherlands-based greenhouse provider. This acquisition is expected to expand BloomBox Club's product catalog significantly.

Key updates include:

• Addition of 200 new SKUs to the online platform
• Implementation of automated packing processes
• Streamlined operations to reduce the risk of missing items in orders

CEO Lorne Rapkin expressed optimism about the partnership with Bloomique, anticipating stronger performance during the upcoming holiday season. These improvements are expected to strengthen BloomBox Club's presence in the indoor plant market.

PlantX Life Inc. (CSE:VEGA, OTC PINK:PLTXF) reported its 2024 fiscal year results, highlighting significant improvements in financial performance. The company achieved $7.3 million in revenue and an 8% increase in gross margins year-over-year. Notable highlights include:

- A dramatic decrease in net loss to $5,014,710 from $21,384,656 in 2023
- Improved gross margin of 46% ($3,405,421) compared to 38% ($5,088,767) in 2023
- Strategic focus on enhancing profitability and optimizing operations
- Opening of the largest vegan food hall in the USA
- Asset transfer to Veg House Holdings Inc. for 6,000,000 shares

Despite a revenue decrease, PlantX's CEO Lorne Rapkin emphasized the company's stronger financial position and focus on sustainable growth and long-term profitability.

PlantX Life Inc. (CSE:VEGA)(Frankfurt:WNT1)(OTC Pink:PLTXF) announces the integration of JUST Egg's product line into its ecommerce platform. This collaboration expands JUST Egg's product range for online orders and direct-to-consumer fulfillment, aligning with PlantX's mission of making sustainable and cruelty-free products easily accessible to consumers.

PlantX Life Inc. is excited to announce the addition of Meek's Vegan Kitchen to the Chicago Foodhall lineup. Meek's Vegan Kitchen, known for its famous vegan pizza, is a black-owned establishment committed to cruelty-free ethics. The collaboration between PlantX and Kitchen 17's Station 17:B has come to an end, allowing PlantX to focus on foodhall operations while restaurant owners manage their booths. PlantX will continue to stock Kitchen 17's frozen products in their bodega and online store.

PlantX completes debt settlement transaction

PlantX completes share exchange agreement with Veg House Holdings Inc.

PlantX Life Inc. intends to complete transactions with Veg House Holdings Inc. by October 6, 2023, resulting in a 53% ownership stake in Veg House. Veg House has closed $2,850,000 USD in funding through private placement financing. PlantX also plans to complete a debt settlement transaction by October 12, 2023, settling $100,000 in outstanding debt.

PlantX adds South Korea's UNLIMEAT to its roster of brands, expanding its ecommerce fulfillment solutions.

100% vegan pizza joint, Kitchen 17, to be added to the XMarket Vegan Food Hall in Chicago. Known for its deep dish pizzas, Kitchen 17 will offer limited-menu concept 'Station 17-B' with pan-style pizza by the slice, seitan wings, and desserts. The diverse lineup of six restaurants aims to cater to vegetarians, vegans, and food lovers of all preferences and ages. Kitchen 17's success with its frozen vegan deep dish pizza will likely attract customers to the food hall.