JIVA Tech - PLTXF STOCK NEWS

PlantX Life Inc. (OTCQB: PLTXF) has announced the launch of same-day grocery delivery services in Ottawa and Toronto, enhancing its e-commerce offerings. This initiative will utilize third-party delivery apps and aims to improve customer service across Ontario. By integrating its physical retail locations within Hudson's Bay stores, PlantX plans to drive in-store traffic while boosting online sales. The Company emphasizes its commitment to making plant-based lifestyles accessible, enhancing customer experience, and expanding its product offerings.

PlantX Life Inc. announced the expansion of its subsidiary, Bloombox Club, into Austria with a new e-commerce platform. The Austrian site joins existing platforms in the US, Germany, and the UK, aiming to enhance customer experiences. Orders from Austria will be fulfilled from the Netherlands, leveraging the company's European distribution system. The CEO expressed optimism about the site's reception among Austrian consumers, with plans to prioritize customer satisfaction and continue the growth of the Bloombox Club brand.

PlantX Life Inc. (OTCQB: PLTXF) has launched a same-day delivery service for its products in Chicago and Plainfield, IL, following its acquisition of Peter Rubi, LLC. The Chicago outlet is now branded as XMarket Uptown. This initiative merges online and retail experiences, enhancing customer access to over 5,000 plant-based products, including ready-to-eat meals. Founder Sean Dollinger and CEO Lorne Rapkin emphasize the service's potential to broaden the customer base and improve shopping accessibility, aligning with the company's strategic expansion into retail.

PlantX Life Inc. has launched XFitness, an online fitness service offering live and on-demand classes, exclusively for XVIP members. This program replaces the earlier PlantXpress membership and includes various fitness classes aimed at all age groups. Members also receive discounts and benefits, including a monthly fee of USD$25 or CAD$29.99. Additionally, the company completed an oversubscribed private placement raising CAD$5,491,150, which will be used for business development and operational needs.

PlantX Life Inc. has launched a new YouTube series titled "Medically Speaking" aimed at enhancing plant-based education and addressing consumer knowledge gaps. Premiering on January 20, 2022, the series will feature discussions with the PlantX Medical Advisory Board, including experts like dietitian Amy Gensel and physician Paul Gross. The initiative seeks to provide evidence-based information and practical solutions for adopting a plant-based lifestyle, reflecting the rising global trend towards plant-based diets.

On January 13, 2022, PlantX Life Inc. held its annual general meeting where shareholders elected six new directors: Quinn Field-Dyte, Fred Leigh, Alexandra Hoffman, Ralph Moxness, Lorne Rapkin, and Peter Simeon. Additionally, the shareholders approved motions to fix the number of directors at six and appointed MNP LLP as the company’s auditors for the upcoming year.

PlantX, a digital platform for the plant-based community, offers over 5,000 products and plans to expand into cosmetics, clothing, and a water brand, emphasizing education and community building.

Hudson’s Bay and PlantX Life Inc. (OTCQB: PLTXF) announced the opening of XMarket Café at Rideau Hudson’s Bay in Ottawa. This 100% plant-based café will offer vegan beverages and food, sourced from local Ottawa businesses. PlantX has also opened signature XMarket shops at Yorkdale and Rideau, expanding its retail presence. The new café and shops will enhance PlantX's distribution capabilities in Eastern Canada, enabling same-day deliveries in Ottawa and improved shipping across Canada, advancing its digital growth and operational efficiencies.

PlantX Life Inc. (OTCQB: PLTXF) reported record revenues of $153,000 during its 2021 Black Friday and Cyber Monday sales, a 63% increase from the previous year. The cost of goods sold was $82,000, reflecting strong demand for plant-based products. CEO Lorne Rapkin noted the impressive growth from $0 in 2019. The company aims to leverage this momentum for future expansion. However, these financial results are not audited and should be viewed cautiously.