PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) — An Early Mover in the Plant-Based Space

Rhea-AI Summary

PlantX Life Inc. (OTCQB: PLTXF) announced a broadcast titled “Investing in the Movement: Plant-Based Food Is the New Black,” highlighting the projected fivefold growth of the plant-based food market by 2030. With sales of plant-based dairy and meat alternatives reaching $29.4 billion in 2020, this figure could surge to $162 billion, representing 7.7% of the global protein market. PlantX, an early mover in the e-commerce sector for plant-based products, offers over 10,000 products and plans to expand into cosmetics and clothing. The company promotes a healthy plant-based lifestyle through education and community building.

Positive

• Projected fivefold growth in the plant-based food market by 2030.
• Sales of plant-based dairy and meat alternatives could rise from $29.4 billion in 2020 to $162 billion.
• PlantX is an early mover in the plant-based e-commerce sector, offering over 10,000 products.

Negative

• None.

NEW YORK, Aug. 26, 2021 (GLOBE NEWSWIRE) -- NetworkNewsAudio – PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) announces the availability of a broadcast titled, “Investing in the Movement: Plant-Based Food Is the New Black.”

To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast

To view the full editorial, please visit: https://www.nnw.fm/7mPrO

The global market for plant-based foods could see fivefold growth by 2030, according to a recent Bloomberg article. That increase is helped by rising consumer demand for sustainable products. “Sales of plant-based dairy and meat alternatives reached $29.4 billion in 2020, and could increase to $162 billion by 2030, comprising 7.7% of the global protein market,” the article stated. . . .

These aren’t exactly new trends; they were already emerging trends that accelerated during the pandemic. PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) is an early mover in the space as the first public company focusing on the plant-based e-commerce sector, in addition to a network of brick-and-mortar retail locations. The company is similar to a specialized Amazon.com with added features.
           
About PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based. With its fast-growing category verticals, the company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the company currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.

For more information, visit the company’s website at www.Investor.PlantX.com.

NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF

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FAQ

What is the current market size for plant-based foods?

The plant-based food market was worth $29.4 billion in 2020 and could grow to $162 billion by 2030.

What is PlantX Life Inc.'s stock symbol?

PlantX Life Inc. trades under the stock symbol PLTXF on OTCQB.

What are PlantX Life Inc.'s expansion plans?

PlantX plans to expand its product lines to include cosmetics, clothing, and its own water brand.

Why is PlantX Life Inc. considered an early mover?

PlantX is noted as the first public company focusing on the plant-based e-commerce sector.

How does PlantX Life Inc. support its community?

PlantX builds a community by providing education and partnering with nutritionists and chefs.