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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. (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.
PlantX Life Inc. (OTCQB: PLTXF) announced a partnership with Affirm on March 7, 2023, to enhance payment flexibility for its customers. This integration allows eligible customers to opt for transparent payment options, including interest-free installment plans, making plant-based products more financially accessible. The CEO emphasized the company's mission to provide affordable plant-based choices amid rising food costs. By joining Affirm's extensive network, PlantX aims to broaden its customer base and increase sales. The partnership aligns with PlantX's vision of promoting a plant-based lifestyle through enhanced product accessibility.
PlantX Life Inc. (OTCQB: PLTXF) announced the addition of No Evil Foods, a popular plant-based meat brand, to its e-commerce fulfillment platform. This collaboration aims to enhance PlantX's warehousing and logistics capabilities, expanding its product offerings and customer reach. No Evil Foods is known for its sustainable, minimally processed plant-based meats, including the recently launched Best Life "Beef" Strips. PlantX's CEO, Lorne Rapkin, emphasized the potential to increase website traffic and enhance customer lifetime value. The company continues to grow its extensive catalog, which currently features over 5,000 plant-based products.
PlantX Life Inc. (OTCQB: PLTXF) announced a delay in filing its annual financial statements and interim filings due to ongoing audit processes. The company is addressing issues related to the restatement of its 2021 financials and implementing enhanced internal controls. Currently, its securities are subject to a cease trade order issued by the British Columbia Securities Commission as of October 18, 2022. PlantX expects to complete and file its Annual Filings by December 15, 2022, and intends to file Interim Filings shortly thereafter.
PlantX Life Inc. (OTCQB: PLTXF) announced delays in filing its annual financial statements and interim filings for the fiscal year ending March 31, 2022. The delay is attributed to ongoing audits and necessary restatements of previous financial data. Currently, trading is subject to a cease trade order issued on October 18, 2022, by the British Columbia Securities Commission. The Company aims to complete its filings by November 30, 2022, and is not facing any insolvency proceedings.
PlantX Life Inc. has received a cease trade order (CTO) from the British Columbia Securities Commission due to delays in filing required financial documents. The CTO affects trading of the company’s securities in Canada and replaces a previous management cease trade order. The company is currently working to complete its annual and interim filings, expected by November 15, 2022. Despite these setbacks, PlantX emphasizes that it is not undergoing insolvency proceedings.
PlantX Life Inc. (OTCQB: PLTXF) announced a partnership with The Very Good Food Company Inc. to manage ecommerce logistics for Very Good's products. This collaboration will utilize PlantX's existing warehousing capabilities, allowing Very Good to enhance its customer reach and streamline order fulfillment in the U.S. CEO Lorne Rapkin highlighted the minimal incremental costs associated with this partnership, which aims to drive sales and improve the online shopping experience for customers. The partnership is seen as a win-win for both companies.
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