JIVA TECHNOLOGIES INC - PLTXF STOCK NEWS

PlantX Life Inc. has announced a collaboration with TiNDLE, a plant-based chicken brand, promoting its products at XMarket's Venice Beach location throughout April 2023.

The partnership features new menu items like Chicken & Waffles and Buffalo Chicken Wraps, and a branded mural by local artist Jules Muck. A grand opening event is planned for mid-April.

TiNDLE's parent company, Next Gen Foods, secured $100 million in funding for U.S. expansion and R&D in Singapore. PlantX aims to drive traffic and improve brand awareness through this event, leveraging successful previous promotions.

PlantX Life Inc. (OTC: PLTXF) announced a new strategic partnership with Vegan Wines, enhancing its product range by incorporating vegan alcoholic beverages into its ecommerce offerings. Through this collaboration, PlantX aims to manage Vegan Wines' ecommerce operations, revamping their website and product catalog. The partnership includes a vegan food hall opening in Chicago, alongside a tasting event scheduled for March 12, 2023. Additionally, the company will undergo a share consolidation on a 10-for-1 basis, reducing outstanding shares from approximately 36.9 million to 3.7 million.

The Good Flour Corp. (CSE:GFCO)(OTCQB:GFCOF) announces its products are now available on PlantX (OTCQB:PLTXF), expanding its distribution channels. This new partnership enables GFCO to reach health-conscious consumers through PlantX, known for its extensive range of plant-based products. The GFCO offerings include various gluten-free mixes such as Fried Chicken Mix and Pancake & Waffle Mix, enhancing PlantX's product portfolio. Both companies emphasize the importance of providing consumers with 'better for you' options. The collaboration aims to leverage PlantX’s digital platform to improve product accessibility across Canada.

PlantX Life Inc. (OTCQB: PLTXF) announced a share exchange agreement with a new company (NewCo), where PlantX will exchange various assets for 6 million shares of NewCo. Key assets include subsidiaries such as Vegaste Technologies US Corp. and Portfolio Coffee Inc. Following this, PlantX is expected to hold roughly 60% of NewCo's shares. The initial financing tranche of $1 million is complete, with a minimum target of $1.5 million needed for NewCo's financing. The transaction is aimed at enhancing growth opportunities in the plant-based market. CEO Lorne Rapkin emphasized it aims to unlock value for shareholders.

PlantX Life Inc. (OTC PINK:PLTXF) received a positive research report from Capital Y Management, targeting a share price of C$0.89 by July 30, 2023. The report emphasizes PlantX's strong position in the growing plant-based market, asserting that the company's valuation is "unjustifiably cheap" with an approximate enterprise value of C$15 million. CEO Lorne Rapkin highlighted the company's integrated model of online and physical retail, which enhances revenue potential and margin improvements. PlantX aims for profitability in 2023, with plans to expand product lines further.